After your passing, most of your estate is subject to probate – a process involving the distribution of your assets to your successors. This way, your heirs can legally acquire your estate by transferring ownership to them. However, not all of your assets need to go...
When children leave home, many couples expect relief and freedom. For some, this transition instead exposes long-standing issues in the marriage that were easier to ignore during active parenting years. Loss of shared purpose and identity For years, parenting provided...
If a person in Illinois passes away without a will, the state’s intestate succession laws determine their heirs. This identifies who will inherit the deceased’s real estate, property, money, bank accounts, businesses, shares and even debts. It depends on whether the...
A pension carries long-term financial significance. Your divorce may introduce serious pressure as you evaluate each part of it. You may face shifting priorities, complex choices and competing interests that demand careful reasoning. Reliable information creates...
Adoption is one of the biggest decisions you can make as a parent. It changes your family and creates lifelong bonds, while adding responsibilities that touch everyday life. Illinois sets clear rules to protect children and families. Knowing the key points can help...
When you have poured years into building a business, a divorce can feel particularly threatening. Determining your company's value is a critical and often highly disputed step in dividing a high-asset estate. A business valuation in a DuPage County divorce is the...
You might wonder whether courts award alimony when older couples divorce. Gray divorce, which involves couples over 50, often results in spousal maintenance awards. Illinois courts frequently grant maintenance in these cases due to unique circumstances that older...
Divorce can bring relief, but it can also make managing your money stressful. In Illinois, splitting property, investments and retirement accounts can be tricky. Here are four ways to help protect your finances and property. 1. Gather and organize all financial...
Older couples who have spent decades together are among those at the highest risk of divorce. While gray divorces are technically subject to the same laws as divorces involving younger couples, they have a tendency to be more complicated. People who are close to...
Successful professionals who have significant personal holdings typically have much at risk when they divorce. In some cases, there may be reason to worry about private information becoming public. During litigated divorces, spouses generally have an obligation to...