Posted on August 06, 2018 in Estate Planning

If you have started the process of planning for your family’s future through a comprehensive estate plan, you have probably considered where many of your possessions will go. Perhaps your car will be gifted to a grandchild, while your home will be sold and the proceeds split between your children.

When deciding what will happen to physical property, many otherwise-dutiful estate planners forget about their digital assets. Have you considered what should happen to your personal documents and data stored online after you pass away? What about your social media accounts? The world is becoming more and more digitized with each passing day, and it is important we account for this in estate plans.

What Exactly Is Considered a Digital Asset?

Digital assets refer to items such as:

• Email and documents stored in “the cloud”;
• Marketplace accounts on websites like Amazon, eBay, or Craigslist;

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 Posted on August 03, 2018 in Divorce

Breaking up is hard to do, and when you have been married and spent years of your life with another person, ending your relationship can be even harder. Divorce can leave many people with feelings of depression, anxiety, and loneliness, but there are things you can do to help yourself through the transition period after a divorce:

1. Allow Yourself to Grieve

This is probably the most important step to healing after a divorce. While you are not mourning the loss of your spouse’s life, you are mourning the loss of a relationship. Your marriage was a very significant relationship, and ending it will require you to completely reconfigure your life. Even if you were the one who wanted and initiated the divorce, you still should allow yourself time to fully comprehend the changes you are experiencing.

2. Get Professional Help

Often, people find it therapeutic to share their feelings with someone who can help them look at their thoughts in an analytical way. Getting help from a therapist or counselor who is well-versed in family law and divorce can benefit you greatly. Seeing a therapist can help you work through your emotions and begin the healing process.

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 Posted on August 01, 2018 in Spousal Support

If you will soon be getting divorced, you may believe that you have the right to receive spousal support-also called maintenance-payments from your soon-to-be-ex-spouse. Spousal support, unlike child support, is not automatically assumed to be necessary in every Illinois divorce. Under Illinois law, the court must take each case individually to determine if a maintenance award is actually needed to promote an equitable outcome. This means that if you think you are entitled to support, you will probably need to ask for it explicitly.

Marital Misconduct Is Not a Factor

Unless you and your spouse included behavior clauses in a prenuptial or postnuptial agreement, the court will not consider the conduct of either party when deciding whether to award maintenance. While your spouse’s behavior may leave you feeling like he or she owes you some type of restitution, the law in Illinois specifically prohibits marital misconduct from being a factor in maintenance proceedings. Spousal support is meant to help you meet your financial needs and obligations, and is not intended to be used as a punitive measure against your spouse.

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 Posted on July 26, 2018 in Estate Planning

One of the most important steps of creating a last will and testament is choosing the personal representative-or executor-who will oversee and manage your estate after you pass away. This individual will have several important responsibilities, so it is important that you choose someone who is competent and able to handle the job. There is no perfect way to choose the right executor, but there are some guidelines you should keep in mind as you create your estate plan.

Responsibilities of the Executor

The legal representative named as the executor of a will has several duties. Firstly, he or she must estimate the value of the deceased person’s (testator’s) estate. A list of property and assets including bank accounts, retirement accounts, real estate property, fine art or expensive jewelry, stocks and bonds, and other items must be drafted and assessed during probate. Additionally, the executor must pay the deceased person’s taxes and debt as well as file a personal income tax return on their behalf. He or she will also have to pay estate taxes and distribute the testator’s remaining property to beneficiaries as per the directions stated in the will.

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 Posted on July 24, 2018 in Divorce

If you are considering ending your marriage, you probably have a thousand different concerns. Will I be too lonely living by myself? How will the divorce affect my children? How will I tell my friends and family? Unfortunately, there is no way of getting through a divorce pain-free, but there are some steps you can take to help you cope with the emotional burden of ending a marriage.

Strategy 1: Do Not Take It Personally

It is reasonable to assume that if your marriage was unhealthy, the divorce will not be the most cooperative or collaborative process either. Often, couples getting divorced continue to struggle with the same issues they struggled with when they were married. If your spouse attempts to sabotage efforts to end the divorce efficiently and amicably, do not take it personally. Someone acting out in childish or hurtful ways toward you does not reflect on your character; it reflects on theirs.

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 Posted on July 24, 2018 in Divorce

First comes love, then comes marriage, then comes...divorce? When you got married, you might have thought you would live happily ever after, but the truth is, divorce is not uncommon, especially in the United States. Though divorce happens for myriad reasons, and no one couple’s relationship is the same as the next, there are some interesting trends to note in divorce and marriage.

1. Divorce Rates Have Actually Decreased

According to the Centers for Disease Control and Prevention (CDC), marriage rates have actually decreased since 2000, when the rate per 1,000 people was about 8.2. In 2016, the U.S. marriage rate was at 6.9 per 1,000 people. Divorces have also been decreasing steadily since 2000, when the divorce rate was at 4.0 per 1,000 people. In 2016, the U.S. saw one of the lowest divorce rates ever at 3.2 per 1,000 people.

2. Where You Live Could Factor Into How Successful Your Marriage Is

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 Posted on July 20, 2018 in Estate Planning

When one thinks of estate planning, the main legal tool that most often comes to mind is the last will and testament. Of course, having a will in place is tremendously important. Not only does a will give you the peace of mind that your possessions and property will end up in the right hands after your death, it also helps your loved ones wrap up your estate much more quickly and efficiently than would otherwise be possible. Even though wills are vital, they are not the only estate planning documents we should be concerned about. As you plan for your future, make sure not to overlook these other important legal and financial implements.

Advance Health Care Directive

An advance health care directive is a plan that is made ahead of time in regard to a person’s health care. Illinois law allows citizens to create four different types of advance directives: a medical power of attorney; a living will; mental health treatment preference declaration; and a Do-Not-Resuscitate (DNR)/Practitioner Orders For Life-Sustaining Treatment (POLST). Depending on your circumstances, you may wish to use more than one of these types of documents to plan for your future.

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 Posted on July 17, 2018 in Adoption

For some people, having a child naturally is not in the cards. Many married men and women have trouble conceiving and turn to adoption as a choice for starting a family. Many gay and lesbian couples also choose adoption as a way to grow their family, rather than using other methods, such as a surrogate or donor sperm. However, a bill that is being considered by the U.S. House of Representatives could result in gay and lesbian couples, among other groups, having a more difficult time finding a child to adopt.

Bill Disallows the Federal Government to Discriminate Against Agencies

The 2019 Labor, Health and Human Services, and Education funding bill is in its drafting stages right now, but a recent amendment to the bill, which was passed by the House Appropriations Committee, says that state and local governments cannot discriminate against child welfare service providers based on their religious beliefs or moral convictions. Republican Rep. Robert Aderholt introduced the amendment, which was passed on a vote of 29-23.

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 Posted on July 16, 2018 in Adoption

If your spouse has a child from a previous relationship, you know how sensitive and complex issues related to parenting can be. While you may not be the child’s biological parent, it is understandable that you would wish to offer a positive, reliable adult influence for the child-not to mention an authority figure with whom the child is comfortable sharing concerns and problems. With time and effort, you are likely to find a sense of family starting to develop. In some situations, the bond becomes so strong that the stepparent is willing to take on the legal responsibilities of parenthood through the adoption process.

Is the Adoption Appropriate?

When you are thinking about a potential stepparent adoption, you must be aware that the decision to adopt affects the child as much or more than it affects you. You might ready, willing, and able to accept the duties of a legal parent, but that is not enough to make the adoption the right choice. If the child has a healthy, productive relationship with a second parent-other than your spouse-there is little reason to try to cut that parent out of the picture, and a stepparent adoption would probably not serve the best interests of the child. If, however, there is effectively no second parent or the other parent has shown to be uninterested in being a parent, your adoption might serve the child well.

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 Posted on July 12, 2018 in Wills and Trusts

When you are beginning to prepare an estate plan, it is important to remember that you are not just planning for the time after your death. An estate plan is necessary for more than just the rich-though that designation can be quite misleading. An estate plan is an outline set up by anyone-including those in lower- and middle-class income sectors-that determines what will happen to one’s assets and property. For those who may tend toward the higher end of the socioeconomic spectrum, it may be in your best interest to establish a living trust, which is a tool that can be used to manage your assets while you are still alive. Among other benefits, living trusts can useful in protecting certain assets and maintaining eligibility for government financial aid programs such as Medicare and Medicaid.

Two Types of Living Trusts

There are two main types of living trusts: irrevocable and revocable. The vast majority of living trusts are revocable, meaning that they can be amended or revoked at any time by the creator. When you create a living trust, the assets you select are transferred to the trust and ownership is in the trust’s name rather than in the name of an individual. Your designated trustee then administers the trust, meaning that the trustee makes decisions for the leveraging, sale, or gift of any assets in the trust. Most people name themselves the trustee of their own living trusts, meaning that there is essentially no difference in the way that one administers his or her own assets-only that they are now technically owned under the umbrella of the trust.

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