Creating a family LLC can be a smart way to protect and manage your family’s assets. However, one important step that many overlook is completing the operating agreement. This document plays a vital role in both the business and your overall estate plan. Setting...
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Illinois And Missouri Legal Blog
Contesting spousal support during divorce in Illinois
Divorce can be a challenging time, especially when spousal support becomes a concern. Several factors influence whether you need to pay spousal support or if you can contest it. Understanding these factors can help you navigate this complex issue. Factors considered...
What are the key estate planning steps for blended families?
Blended families face unique challenges when it comes to estate planning. Ensuring fair distribution among all heirs requires careful planning and communication to avoid potential conflicts and ensure everyone feels valued. Understanding Illinois inheritance laws In...
Children and the long-term impact of bike accidents
Bike accidents can be scary and traumatic experiences for children. While physical injuries are often the most immediate concern, people need to recognize that these accidents can also have long-term psychological effects on children. The emotional and mental impact...
Parental alienation: recognizing its impact and legal solutions
Parental alienation refers to the psychological manipulation of a child wherein one parent turns the child against the other. This can cause unwarranted fear or hostility towards one or both of their guardians during a divorce. Understanding the implications and how...
Common myths about liability in slip and fall accidents
Slip-and-fall accidents can happen to anyone, anywhere. When they occur, determining liability can be confusing, especially given the many myths and misconceptions surrounding the topic. Understanding who is responsible and under what circumstances can significantly...
What assets do not belong in your will?
It is natural to think you can use your last will and testament to pass anything you own to family members or other heirs after you die. However, there are some kinds of property and financial accounts that should not go in a will. Typically, assets that do not belong...
Reinforce your upcoming bankruptcy with spending restraint
Completing Chapter 7 bankruptcy allows you to eliminate many unsecured debts, such as your credit card balances and personal loans. The goal of this process is to help you regain your financial footing. However, bankruptcy courts will be on watch for any efforts to...
The benefits of chapter 7 bankruptcy for small businesses
Chapter 7 bankruptcy offers small businesses the opportunity to discharge most of their debts, providing relief from overwhelming financial burdens. By liquidating assets to pay off creditors, companies can eliminate unsecured debts, allowing them to make a fresh...
Valid reasons to challenge a prenuptial agreement
Getting married is more than an emotional endeavor. For many couples, it involves creating a prenuptial agreement, a legal document outlining financial arrangements in the event of divorce. While these agreements seek to be fair, there are circumstances where one...