As a real estate investor, you may be curious about the opportunity to purchase tax deed foreclosures. With this strategy, you buy a tax certificate on an outstanding property so you can renovate, resell or otherwise profit from the pending foreclosure. Review the...
Finding A New Path Forward
Year: 2021
A mediated divorce may save money and stress
If you are like many Americans facing divorce, you may have deep concerns about how your separation will impact your future financial and emotional health, especially if you share children. You may worry that the divorce process itself will be financially and...
Unique considerations for high-asset divorces
Perhaps the most complex part of any divorce is dividing up the assets that you have accumulated over the marriage. When there are high-value investments and property involved, this process becomes much more complicated. Make sure you take into account these...
Divorce considerations for farm owners
When you own a family farm and plan to end your marriage, divorce often becomes complicated. Will you keep the business and do you have to continue to work together? Review these and other considerations for divorcing farm owners in Illinois. Property division...
Helping children adjust to changes in their schedule after divorce
The effect of a divorce on a family’s typical schedule and routines can be difficult for parents to navigate. Likewise, the changes can feel especially distressing and disruptive to children. After resolving how to allocate parenting time, parents need to work...
3 types of property that can be difficult to divide in divorce
Divorce represents the end of one life and the beginning of an independent future. While this process can be exciting, it can also be stressful and emotionally turbulent to work through numerous negotiations. The couple must reach compromises regarding child support,...
When should you consider a postnuptial agreement?
Many couples choose to forego the benefits of drafting a prenuptial agreement before getting married and working to merge their financial stability. While this pre-marital contract can help both parties clarify the various assets, property and debts they are...
Remember to update these 3 policies after divorce
Adjusting to a post-divorce life can be an exhilarating and frightening experience. Often, the newly-divorced struggle with financial changes, lifestyle changes, parenting changes and schedule changes. Unfortunately, this level of chaos tends to overshadow other...
Attitudes toward prenuptial agreements might be shifting
Prenuptial agreements have been a legal option for quite some time. However, due to commonly held negative perceptions about such agreements, many people may have avoided signing them before exchanging vows. After all, divorce probably isn't the first thing your mind...
3 common methods of business valuation
A high asset divorce typically includes numerous complex assets that must be divided. Complex assets can include vacation properties, deferred compensation, investments and a family business. Before an equitable distribution can be reached, these assets must be...