If you and your spouse have decided to end your marriage, you are probably already dreading the property division phase of the divorce proceeding. For example, how will the value of your family company be determined, and how will division be handled? Estimates may...
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3 ways to divorce-proof your company
As an entrepreneur, you have a lot of things to consider when starting your company. The business formation process requires you to factor in a lot of variables to ensure the future of your entity is successful and stable. One important consideration is how the...
Can I keep my family from arguing over my estate after my death?
You pride yourself in the closeness and love your family shares. As such, you might not worry too much about what happens after your death. Your loved ones respect each other, and you are sure they can sort out where your heirlooms and mementos go when you are gone....
A construction defect can put a damper on your new home
It is an exciting, as well as stressful, time when you have just closed on your home and are getting ready to move in. The last thing you want to discover is something wrong with your house that has the potential to lower its value and make living uncomfortable or...
Methods your spouse may use to hide property
If you believe you and your husband or wife are heading toward a divorce, you may have doubts about whether he or she is being honest with you with regard to finances, relationships and related matters. Often, marriages break down when spouses no longer trust one...
4 tips for co-parenting on Thanksgiving
When you are divorced, Thanksgiving can be a stressful holiday. The day is centered around spending time with family, so you may be dreading it this year. It is common to feel anxiety, stress and frustration as you think about the beginning of the holiday season....
Property distribution can be complex for couples over 50
Illinois is an equitable distribution state. This means that in a divorce, the courts will make a decision that intends to distribute assets fairly, not necessarily equally. For divorcing couples over the age of 50, this can represent a snag in the proceedings,...
What you need to know about disclosure in real estate
When buying real estate in Illinois, the state has specific requirements about what a seller must tell the buyer about the property. This is a safeguard to help ensure the buyer is aware of issues the seller knows about. While it does not take the place of an...
How to keep travel rewards and season tickets after your divorce
In every divorce, there tend to be things that some people value more than others. For example, the primary residence might be a high-value asset for financial, emotional and stability purposes. Similar principles apply for assets such as cars. Two things that can...
Does fault matter in divorce?
Many years ago, a divorce was only granted if one of the parties could prove that the other had done something so egregious that the marriage had no hope of continuing. These divorces were called “at-fault” and the reasons one could file were enumerated in the state...