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Thinking about how to protect your wealth before an Illinois divorce is not about being sneaky. It is about being smart. It is like putting on a seatbelt. You do not take this safety measure because you plan to crash. You do this because it is wise to be prepared for...
In an Illinois divorce, items deemed part of the marital estate will be divided by the judge in an equitable fashion. This means that you might lose some or all of your crypto holdings in a final settlement. However, there are steps that you can take in an effort to...
When divorcing couples sit down to negotiate matters like property division, the discussions often become contentious. The equitable distribution rules in Illinois require marital property to be divided fairly rather than equally in a divorce, but determining which...
When going through a divorce, you’ll probably want to do whatever possible to protect your assets. One way you can do that is to leave an early inheritance to your Illinois children. These are some things to consider if you want to go that route. Be aware of taxes...
In Illinois, assets are distributed in an equitable fashion in a divorce. This means that you could lose a portion of anything that was acquired during your marriage such as a car, home or funds in a retirement account. However, there are steps that you might be able...
Illinois is an equitable distribution state, which means that marital assets will be allocated fairly by a divorce judge. This means that you could lose control of a business, equity in a home or other assets that you want to keep. However, there are ways to shield...
Offshore accounts are also referred to as offshore savings or bank accounts. They make the management of financial commitments across different countries much simpler. Receiving and making regular international funds transfers will also be accessible. Why consider an...
Dissipation of assets prior to a divorce can make it harder to obtain your fair share of them when a settlement is reached. Assets may be dissipated through gambling, sabotaging a business or incurring debts that generally benefit one party to the marriage over the...
It's understandable to want your Illinois estate protected. One of the most well-known and effective ways to protect your assets is with a trust. A trust lets another party manage the assets placed inside it. However, not all trusts offer the same benefits. Many...
Illinois is a state full of MANY hard-working people who depend on family businesses. Protecting a family-run business is crucial because it is what supplies the family's needs. Unfortunately, a divorce is a life-changing event that can jeopardize the potential future...