How a Bloomington Business Is Divided During Divorce

There are multiple complex issues involved in any divorce, and owning a business can worsen this complexity. Spouses may co-own a business, one spouse may have owned a business prior to marriage, or a spouse may have started a business during their marriage. Each of these situations comes with its own unique challenges during a divorce, and there are other unique circumstances that spouses may face. A business needs to be valued during the division of property in divorce and categorized as separate or marital property. Classifying a Business as Separate or Marital Property Illinois is an equitable distribution state,

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How Does Economic Abuse Impact a Bloomington Divorce?

Financial abuse by spouses is a form of domestic abuse and violence, but it is much more subtle than other forms of domestic violence. This can make it harder for spouses to recognize, harder to gain control to file for divorce, and harder to prove during the process of a divorce. Financial abuse and economic abuse can cause significant pain and hardship for spouses suffering from it. A spouse may be unable to access their bank accounts, be forced to rely on their abusive spouse for their basic financial needs, or otherwise find their spending controlled by their spouse. It’s

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How Can a Comprehensive Estate Plan Help Me?

A comprehensive estate plan is not only for wealthy individuals. Estate planning can provide for your own care, protect your assets, and help your family. You can effectively plan what you want to happen to your assets after your death and ensure they benefit who or what you want. Estate plans can allow your assets to stay out of probate court, keeping your assets safe and preventing your family from needing to go through the long and expensive process of waiting for your estate to exit probate. Basic Components in an Estate Plan A comprehensive estate plan will likely include

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When Can You Modify Family Court Orders in Bloomington?

After a divorce is finalized, court orders cover essential aspects of a divorce. This includes division of property, spousal maintenance, child support, and child custody. These agreements are enforced by the court, but some of these orders can still be changed. Division of property is finalized alongside the divorce and therefore usually can’t be modified. However, there are situations where ongoing court orders can be altered to fit the needs of your family. When Can an Order Be Modified? If you and the other party agree to the modification of orders such as parenting time or spousal maintenance, you can

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Avoiding Will Contests

A will is an essential part of creating an estate plan. Your will explains how your assets should be distributed and lists your heirs. Unfortunately, after your death, others may try to contest your will, whether it be loved ones, family members, creditors, or other parties. Disputes between family members can create huge rifts between loved ones and even lead to additional court cases. Many people creating a will or estate plan want to avoid any room for error and ensure that their will cannot be contested. What Are the Grounds for Contesting a Will? An heir or wishful heir

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Navigating Co-Parenting During the Summer Months

As the warmer months descend, many people experience a change in routine. Children are out of school, parents take time off work, and families spend more time together. If you are co-parenting, or have a blended family, this can be more challenging than expected. With multiple schedules and summer fun to be had, it is important to prepare yourself and take deliberate parenting action during the warmer months. Whether you have been co-parenting for a long time, or are just beginning your new setup, some basic tips can help everyone remain happy and amiable until school starts again. The Basics

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