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When a loved one passes away, people not only have to deal with their grief, but there are legal matters that need to be attended to. Some people have heard of the word “probate,” but many people have no idea what it means or how it involves them.The best thing to do when dealing with someone’s death in Schaumburg, IL is to contact a probate lawyer. An attorney can guide you and answer all of your legal questions. Meanwhile, let’s go over the general steps you can expect to deal with in the probate process.The Definition of ProbateWhen a person dies, their assets, debts, and taxes must be taken ...

It might seem like a daunting task but planning your estate doesn’t have to be complicated. It can be easily broken in down into these simple steps. You should also contact an attorney about estate planning in Hoffman Estates such as Robert M. Kaplan.Step #1—Figuring Out the FinancialsThere are plenty of financial ramifications in estate planning, including:Figuring out your net worthDeciding what you will need for an estate plan, based on your assets and your familyPlanning to exit from your business if you are a business owner and die or become disabledStep #2—Hiring an Experienced Estate Planning AttorneyEstate planning is complicated, and it is important that you get a good ...

There are myriad reasons people hire attorneys, and most people in Hanover Park, IL, will find themselves in need of an attorney at least once in their lives.These are some of the most common reasons people might need to hire an attorney.#1. For Estate PlanningEstate planning has to do with protecting the assets one has today in the future. People want to have a plan in place for the wealth they have accumulated to protect themselves and their loved ones. Everyone dies eventually, so estate planning is smart. Those who pass away without a plan in place will be subject to state laws, and your assets may not be ...

In a divorce proceeding, issues such as custody and finances are often contentious—particularly when it comes to alimony. There are a lot of myths surrounding filing for spousal support, which is also known as alimony. Let take a look at some of these myths to ensure you are prepared for a meeting with your alimony lawyer in Rolling Meadows, IL.Myth #1: Alimony Is No Longer Relevant in Today’s WorldIn today’s modern world, many wives also work during the marriage, but it’s just as common for one spouse to put his or her career on hold for the sake of the children. Familial obligations take the place ofresume-building work ...

In divorce situations, couples who are not able to agree on how to divide marital property may seek the help of a mediator or a lawyer. If the still cannot come to an agreement, a judge will decide. Illinois has specific laws about dividing property for all couples, including those in Hoffman Estates.In the state of Illinois, the law requires the fair division of property, but that doesn’t necessarily mean equal. Let’s take a look at what is considered when it comes to division of property.What Is Considered Relevant in Division of PropertyWhen a couple is in court facing a judge who is going to make decisions for them, ...

As of January 1, 2018, the Illinois spousal maintenance law has changed the parties’ combined gross income threshold from $250,000 to $500,000. Courts are required to take into account several factors to determine whether alimony should be awarded. If these mandate spousal maintenance, the family law court will use the statutory formula to calculate the amount of maintenance that should be awarded to the receiving spouse as well as the duration of time it will be paid.If the combined income exceeds the threshold, the court will have the discretion in determining the duration and amount of maintenance by weighing in different factors outlined in the statute.Under the new statutory guidelines, ...

If you are starting a business, you should have a general understanding of some of the legal aspects involved. Even a small Schaumburg, IL business can get into legal trouble, so it’s a good idea to have an overview of business law and how it might impact your business.Here are seven concepts of business law you should understand before you hang up your shingle:Know what intellectual property is so you can protect your business’ ideas, products, services, inventions, and so forth.Have a general understanding of business contracts and what might be required for your type of business. Understand the concepts of offer and acceptance.Know the definition of product liability ...