According to the IRS, an estate tax is a tax on one's ability to transfer property after their death. This can be a highly controversial topic. Critics denounce it as the "death tax." Proponents of the tax say it furthers the cause of equal opportunity, serves as an...
One of the most contentious aspects of divorce cases is property division. In Illinois, marital property has to be distributed equitably. This means that each spouse obtains their fair share based on their financial circumstances. Unfortunately, all parties may not...
Americans love having the freedom to pick up stakes and move somewhere else for a fresh start. That may be especially true for people in Illinois. A report from last year noted that our state has experienced 10 years in a row of population decline, a change driven...
For divorced parents, the biggest adjustment to get used to is usually child visitation and custody. Usually, one parent will have the children live with them permanently and the other parent has visitation rights. The extent of these visitations will largely depend...
Estate planning involves providing instructions on how your assets should be divided upon your death. While this is the main focus, there are several other benefits to estate planning. One of the foundational documents of every estate plan is the will. Despite the...
Divorce is a life-changing event that alters your personal and financial landscape. After the paperwork is finalized, there are a myriad of things that need to be considered and updated. If you are making a list, be sure to add "update estate plan." Here's why. The...
Estate planning is crucial for new parents, as it ensures the security and well-being of their child in case of any unforeseen circumstances. New parents must find a way to provide their children with a safe and stable future. Estate planning is not just for the...
There are several social media outlets out there. If you’re like a lot of people, then you have multiple accounts that you turn to when you want to connect with friends and family, discuss things that are on your mind, and vent your frustrations. Although that might...
The holiday season can be a magical time for families, but for co-parents, it can also inspire unique challenges. Balancing the joys of the season with the complexities of shared parenting requires planning, communication and a spirit of cooperation. “But, wait!” you...
Both divorced and unmarried parents in Illinois may eventually be subject to a custody order. When adults living separately have minor children, the courts can approve a custody order dividing parental rights and responsibilities between the two adults. It is quite...