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Naperville family law attorney, valuing tangible assets, Illinois divorce, marital assets, property divisionIndividuals who are familiar with the basic steps of a divorce in Illinois (or a divorce in any other state) know that, in many cases, one of the chief functions of the family law judge is to divide the marital assets of the divorcing parties in a “fair and equitable” manner.(Note, however, that some states follow “community property” rules and, therefore, the division of property follows slightly different principles.)

In the vast majority of Illinois divorce cases, the court’s goal is to award each a party assets and property of (roughly) equal value.

Methods of Determining the Value of Assets


Naperville estate planning lawyers, estate planning documents, estate planning services, Illinois estate planning, Illinois willFor some Illinois residents, creating their first estate planning document, such as a will or trust, is a positive step in protecting their assets and providing certainty for their loved ones following their deaths. Others, however, are prolific creators of estate planning documents, generating several wills, trusts, and/or other estate planning documents over the course of their lives. If not done properly, these multiple incarnations can cause headaches for the creator’s loved ones and beneficiaries as well as for probate courts.

What Does a Court Do When Presented with Multiple Estate Planning Documents?

When a court is presented with several wills or other estate planning documents, all purporting to be executed by the same decedent, a court must sift through the various documents to determine which, if any, is the document that should be followed and enforced by the court. In making this determination, a court may employ one or more of the following guidelines:


Posted on in Real Estate Law

quit claim deeds, general warranty, Will County quit claim deed attorney, land transfer, estate planning lawFRANKFORT AND HOMER GLEN REAL ESTATE DEED ATTORNEY


Conveying title to land often involves far more than many individuals realize. In a typical deed, which is called a general warranty deed, conveying title to real property, such as a house, generally involves a set of “covenants.” These “covenants” are essentially promises from the conveyor of the land to the recipient that the conveyer could be legally liable for if they are not met.


Will County estate planning lawyers, estate planning, Joliet family business succession planning lawyer, Bolingbrook Family Business estate planning attorney, business succession planningWILL COUNTY AND JOLIET FAMILY BUSINESS ESTATE PLANNING


It is not often that estate planning attorneys get the opportunity to capitalize on popular events, especially in the world of sports, to lecture on legal issues that have been presented. Fortunately, the situation surrounding the Los Angeles Lakers affords us that rare opportunity.


Will County real estate lawyer, commercial real estate leasesJOLIET AND WILL COUNTY COMMERCIAL REAL ESTATE ATTORNEYS


When most people think of real estate, the first thought is residential estates such as houses or apartments. While this is a very large percentage of real estate transactions, there is the far less seen—but also large market—of commercial real estate.


Will County family law lawyer, victims of abuse, leave Illinois with childrenJoliet and Shorewood Child Relocation and Divorce Attorneys

Will County Child Custody Lawyers

Divorces tend to be complicated for a variety of issues—the allocation of maintenance from one spouse to another, parental responsibilities of minor children, the payment of child support, and the division of the marital estate are generally seen as the heated issues in most marital dissolutions. One of the points rarely heard of is abuse and the potential need to leave the state and/or go into hiding during the divorce proceedings.


Posted on in Estate Planning

b2ap3_thumbnail_estate-planning-basics-Will-County.jpgJoliet and Shorewood Estates and Trusts Lawyers

Joliet Last Will and Powers of Attorney Attorneys

A question commonly asked is, "What is the point of hiring an estate planner?" The process seems simple enough: one creates a will, that will gets probated after one’s passing, and then the assets included in the will are distributed to whom the creator of the will, known as the testator, intended.



When you go through a divorce, the court will determine custody of your child or children. In Illinois, this is now described as Allocation of Parental Responsibility. In order to determine this, the court looks at what is in the best interest of the child. Initially, to determine a child’s best interests regarding “custody,” the courts look a multitude of factors including:

  1. The wishes of each parent seeking parenting time;
  2. The wishes of the child, taking into account the child's maturity and ability to express reasoned and independent preferences as to parenting time;
  3. Any prior agreement or course of conduct between the parents relating to caretaking functions with respect to the child;
  4. The interaction and interrelationship of the child with his or her parents and siblings and with any other person who may significantly affect the child's best interests;
  5. The child's adjustment to his or her home, school, and community;
  6. The mental and physical health of all individuals involved;
  7. The child's needs;
  8. The distance between the parents' residences, the cost and difficulty of transporting the child, each parent's and the child's daily schedules, and the ability of the parents to cooperate in the arrangement;
  9. The physical violence or threat of physical violence by the child's parent directed against the child or other member of the child's household;
  10. The willingness and ability of each parent to place the needs of the child ahead of his or her own needs;
  11. The willingness and ability of each parent to facilitate and encourage a close and continuing relationship; and
  12. Any other factor that the court expressly finds to be relevant.

The Court Has Already Allocated Parental Responsibility – What if I Want a Change?

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