Formulating a workable parenting plan is one of the more difficult parts of a divorce. For Illinois parents who are trying to come to a solution that is satisfactory to both sides, it is important to think about the factors involved. Some concepts might seem sound at the start, but may not be practically effective.
People tend to focus on their assets when they create an estate plan, but this isn't the only facet of your life that has to be covered. You need to think about your final days so that you have everything in place if you become incapacitated.
Illinois residents may wonder how they can save time and money while making a plan to pass their property on to their loved ones after their death. People can determine how to do so by making a will or creating a trust, but if they do not do so, their belongings will pass according to the state's laws on intestacy. These go into effect when people die without a will. In order to avoid this result, some people may turn to downloadable forms in order to prepare a will on their own.
Modern life for women in Illinois and around the country has created more career opportunities and raised expectations about the division of labor within marriages in the view of one sociology professor. An increased ability to earn money compared to earlier generations has granted many women the freedom to choose divorce instead of staying in unsatisfactory marriages. This has become evident in the fact that about 70% of divorces are initiated by women according to the American Sociological Association.
Some people in Illinois may think that they are too young to need an estate plan or that an estate plan is only about making a will. However, all adults need some kind of estate plan.