A revocable living trust is a useful estate planning tool, allowing you to avoid probate and ensure your assets get distributed as you wish after your death. For your trust to work as intended, you need to transfer ownership of the right assets into it. There are...
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Illinois And Missouri Legal Blog
What to do if you want to adopt your grandchildren
When the desire to adopt your grandchildren arises, you need to understand the steps involved in this significant undertaking. While the process may seem complex, a clear roadmap and legal guidance can help you navigate it successfully. Understanding legal...
Mistakes to avoid when creating an estate plan
Estate planning is an important step in securing part of a financial future for your loved ones. While the process may seem daunting, avoiding common mistakes can make it more manageable. Part of this includes knowing pitfalls to steer clear of when creating your...
3 ways to financially prepare for divorce
Divorce can bring significant financial changes. Preparation is key to navigating this transition smoothly. In the state of Illinois, understanding how to handle your finances during a divorce is important for a stable future. 1. Create a detailed budget Begin by...
What to do when you cannot pay child support
The U.S. Census Bureau reported in 2020 that about 2/3 of parents receiving child support have outstanding balances. This means the paying parent is in arrears, which can lead to some serious consequences. Any parent finding themselves in a situation where they may be...
Misconceptions about choosing an executor for your estate plan
As reported by Caring.com, only 34% of people in the United States have an estate plan. Planning for the future is important, and a significant part of that planning involves deciding who will manage your assets and wishes after you are gone. This is where the role of...
The overlooked benefits of estate planning
While estate planning plays an important role in financial and family management, many people overlook the importance of the process. Often, people associate estate planning solely with the distribution of assets after one’s death. However, in reality, estate planning...
Places where pedestrian accidents may be more likely
Pedestrian safety is an important concern in today's world. Accidents involving cars and pedestrians can lead to serious injuries or even fatalities. Being aware of locations where the risk of such accidents is higher can help everyone prevent mishaps and even save...
Reasons a judge will modify a custody order
When considering modifying a child's custody order, a judge will consider if there is a significant change in the situation and if the new order is best for the child. When the case meets both of these requirements, they will grant the modification. Here are some of...
What happens to credit card debt in Chapter 7 bankruptcy?
Chapter 7 bankruptcy, sometimes known as "liquidation bankruptcy," is an option for individuals, families and business owners looking for a second chance at overcoming severe amounts of debt. As the moniker implies, this type of bankruptcy entails liquidating all of...