When we purchase thing, we often do not think about what will happen to them after we pass. Most people who engage in estate planning look at it as a matter of leaving their possessions to their closest loved ones and doing as much as they can to ensure that creditors and tax collectors don't take too big of a bite out of their estate beforehand. While this is certainly a valiant endeavor that everyone should engage in, some Illinois and Indiana residents may want to engage in planning that is larger in scope. These individuals may want to approach estate planning in a way that seeks to protect their legacy.
When Illinois and Indiana couples have a child in common but don't live together, it can be difficult to hash out visitation that is fair under the circumstances at hand. It can also be challenging to ensure that both parents are kept up-to-date about everything pertaining to the child. This often leaves parents afraid that they will be pushed out of their child's life. One thing that could help alleviate this concern, though, is the utilization of the right of first refusal.
There are a lot of questions that some people ask if they considering filing for bankruptcy. It is understandable since it is imperative that you have all the information possible when you are trying to make your decision.
The marriage dissolution process is one that can be fraught with emotions. Property division can leave you feeling stressed out about your financial future, and so, too, can discussions regarding alimony. However, if you have children, then a significant amount of your focus will be on child custody and visitation arrangements. Although some Illinois and Indiana residents are able to resolve these issues in a fair and amicable way, others find themselves butting heads with their child's other parent.
Most of us think of our golden years, the years when we age into retirement, as a time of life that is defined by freedom from work, time constraints and financial obligations. The reality is far different, though. In fact, a recent study conducted by the Consumer Bankruptcy Project found that since 1991 the number of individuals age 65 and older has tripled.