When estate planning, you might focus solely on what happens to your assets after you pass away. However, consider adding a living will to your estate planning toolkit. This vital document could provide guidance and peace of mind during challenging times. What Is a...
There has been an increase in the number of couples over the age of 50 divorcing. Also referred to as "gray divorce," this can significantly affect individuals in later stages of life. Why does gray divorce happen? It is important to understand the various causes that...
When making decisions about child custody, Illinois courts will always prioritize the best interests of the child. When determining parental responsibilities and parental time, it is necessary to consider the following: Decision-making: Deciding whether both parents...
Are you concerned about the handling of your assets after you pass? A testamentary trust could be the solution to ensure the fulfillment of your final wishes. What is a testamentary trust? A testamentary trust is an arrangement created within your will that takes...
Divorces occur every month of the year, but researchers have studied trends to determine when rates rise and fall. One consistent finding is that January often brings a spike in divorce rates, especially compared to November and December, which tend to see a decline....
When you and your spouse divorced, your ex was ordered to make child support payments. These are monthly payments to help cover the cost of raising your child. Your ex has visitation rights and spends time with the child on weekends, but you have primary custody most...
People in Springfield are trying something new when planning their estates: ethical wills. Unlike traditional wills, which deal with property and other assets, an ethical will shares values, life lessons and personal stories. This concept isn't new – many cultures...
It is a common misconception that only the elderly need estate planning. Even young people need to plan their estates as early as possible. Whether single, married or simply cohabiting with someone, an estate plan ensures you are prepared for any eventualities. Here...
Asset commingling occurs when separate property, such as money owned by one spouse before the marriage, becomes mixed with marital property subject to division during divorce. This often happens in everyday life. For instance, you might have deposited your inheritance...
Co-parenting after a separation or divorce can be undeniably challenging. Thankfully, modern technology is empowering co-parents to develop healthy arrangements in ways that would have been unheard of just a few decades ago. For example, virtual visitation, which...
