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Bankruptcy offers a much-needed solution for many Illinois consumers who need to get a fresh start. Debtors who attempt to file alone may find creditors try to take advantage of them by attempting to collect. An experienced bankruptcy attorney can help by utilizing...
While planning your estate in Illinois, knowing about federal estate and gift taxes can help you maximize your annual exclusion limits. Donating to charity, using the annual exclusion and starting a grantor-retained annuity trust offer a few potential solutions....
What a couple with children breaks up, one of the first issues they must address is the issue of child custody. A child custody agreement will generally address all aspects relating to the care of the child, specifying living arrangements, parenting time and...
Bankruptcy gives debtors in Will County, Illinois, a fresh start, but some consumers hesitate filing because they fear losing everything. In some cases, they are required to relinquish property, but that depends on the type of bankruptcy. Illinois bankruptcy codes...
The federal estate tax is widely misunderstood. That goes double for the Illinois estate tax. In this post, we will give a brief introduction to both taxes. First, let's define our terms. After a person's death, all their assets and debts become known as their estate....
If you recently started the divorce process, you may worry about the costs associated with your breakup. Two of the most common costs of divorce happen to be spousal support and child support. According to U.S. News, both couples may have difficulty with the...
Many Illinois residents have experienced some difficult times over the course of the past year or more. For some, health problems have been the primary concern. But, for others, it is their financial situations that have deteriorated significantly. Anyone facing...