As you are perusing listings online, you may come across stipulations on certain houses that are considered “As-Is” property. For some, this is a big enough red flag to make them run away from the home listing as fast as possible. Others would see it as a necessary point in the real estate world. The... Read more »
Division of property can be one of the most divisive moments during a divorce, because not always does everyone get exactly what they want. This is especially so when you live in a state like Illinois. Illinois is an equitable distribution state, which means that marital assets are not equally distributed between spouses. Rather than... Read more »
The Illinois Domestic Violence Act (IDVA) was enacted in 1982. It enabled protection to a greater class of persons who have been abused by a family or household member. Under the Act, survivors of domestic abuse such as “persons related by blood or marriage, persons who share or formerly shared a common dwelling, persons... Read more »
A life insurance policy is a safety net for your loved ones. It’s ensuring they are well taken care of when you’re not there. This policy contains the following information; The death benefit – The amount of money to be paid when the insured person dies. It’s usually income tax-free. The beneficiaries – These are... Read more »
When you’re ready to start building the home of your dreams, you’ll need to hire a contractor to do the work. But how can you be sure that the contractor you choose is reliable and trustworthy? As with most transactions, it’s important to seek advice from other people who have used their services in... Read more »
When people think of estate planning, most think of simply Wills and Trusts. However, there are other supporting documents that are just as important in making sure that your wishes upon either your passing, or your incapacitation, are followed. Some of these documents include Healthcare Power of Attorney, Property Power of Attorney, Living Wills, and... Read more »
How Is Child Support Calculated In Illinois When parents get divorced or separated, their obligations towards their children do not end with the marriage. Both parents, the mother and the father, are legally required to look after their children. Most states have specific rules about how to calculate child support. Parents can negotiate and enter... Read more »
FIRST STEPS TO INITIAL ESTATE PLANNING Estate Planning can be a confusing and overwhelming process if you do not have previous experience with it. However, it is typically a combination of some straightforward decisions. While each situation is unique, there are some general choices to consider that can streamline the process and help you feel... Read more »
Due to increased government benefits, moratoriums on evictions, and certain government incentives to ease financial pressures in many households in 2021, total new bankruptcy filings across all chapters were 24.2% lower than in 2020. Nonetheless, bankruptcy continues to be a complex legal proceeding involving a person or business that is unable to repay its... Read more »
A Guide to Moving Out of Illinois State with Kids After a Divorce Many things can happen after a divorce. Perhaps you want to move to a new location and begin life afresh, or you have got a new job opportunity elsewhere. No matter the reasons for the move, it is imperative to... Read more »