When parents go through a divorce in Illinois, they should take time to process their pain. They also need to talk with their children to understand how they feel and to help them cope with the new situation. There are two co-parenting strategies that can help parents work through this process with the best interests of their children in mind.
It is common for Indiana residents to hear about millennials dealing with student loan debt. However, what is not discussed as often is millennials and credit card debt. A study that was performed by Northwestern Mutual revealed that credit card debt is the biggest source of debt for a quarter of millennials. The majority of this debt comes from dining out and traveling.
Americans seek bankruptcy relief for a variety of reasons, but one that often stands out is medical care costs. For many people, only one catastrophic injury or illness stands between them and having to face financial ruin. The unexpected financial hit can change the course of their entire life.
Many people in Illinois may be thinking about how to handle their assets in the future. People want to ensure that their loved ones are provided for while also avoiding excessive estate taxes and fees. Trusts may be a good option to include as part of the estate planning process, because they provide greater privacy, flexibility and control. There are several different types of trusts that people may make use of as part of their estate plan, including irrevocable trusts.
Most residents of the Chicago/Frankfort area look at bankruptcy as a means of shedding burdensome debt. Indeed, the only reason people file for bankruptcy is to get out of debt.
One of the most fundamental concepts of family law in Illinois is the concept of parental rights. Mothers generally have no problem establishing that they have given birth to the baby in question, but fathers can have far greater difficulty in proving that they are a baby's father, especially if the mother is not willing to cooperate. This means that it can be difficult for a father to secure his parental rights.