Farming or ranching is more than a means of livelihood – it is about preserving a legacy and unique way of life. Unfortunately, many farmers and ranchers fail to make an estate plan. The farm or ranch that has been passed down for generations then ends up being sold and converted into non-agricultural use, cutting the legacy short and ending …
Common Pitfalls in Family-Owned Businesses
Your family and your business are two of your top priorities. You would not do anything to compromise either of them. But working with family members in a family-owned business presents unique challenges that can cause lasting damage to both if not properly managed. Family-owned businesses are capable of the same success as any other business. Walmart, Chick-fil-A, Comcast, Carnival, …
Ask Ruth: Egg Sales in Illinois
Generally speaking, there are two ways an egg producer can sell their flock’s eggs in Illinois. Under Illinois law, producers can sell eggs produced by their own flock directly to household consumers for their personal use without a license or inspection if the eggs are sold directly from the premises where the eggs are produced. If, however you wish to …
Who’s On Your Team?
Estate planning is not just about what happens to your stuff when you die. It is about coordinating all aspects of your life so (i) you can be taken care of during times when you are unable to care for yourself, and (ii) your money and property are distributed to the individuals you have selected upon your death, in the …
A Shelbyville Divorce Mediator Shares 5 Reasons to Mediate Your Divorce
Have you recently made the decision to get a divorce? Are you confused about how to proceed with your divorce? A Shelbyville divorce mediator explains 5 reasons why you may want to mediate your divorce. When it comes to divorce, you have two options: option one is to litigate your divorce and go to court, and option two is to …
Reviewing Your Estate Plan after the Death of a Loved One
The death of a loved one is never easy. Regardless of your relationship with the deceased (blood relative, life partner, or close friend), you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened, you should consider updating your estate plan in light of your loved one’s death. …
Learn How to Prepare for an Uncontested Divorce in Illinois
The first step to determining what type of divorce will be right for you is to discuss it with your spouse and try to get on the same page. An uncontested divorce will only work if you are both on the same page. What is an Uncontested Divorce in Illinois? Uncontested divorce in Illinois means that both spouses agree on …
Why Unmarried Partners Should Care about Estate Planning
According to a 2019 survey conducted by the Pew Research Center, 7 percent of surveyed adults were living with an unmarried partner, up from 3 percent in 1995.[1] More people such as yourself are entering long-term committed relationships without getting married. Unfortunately, many state and federal laws do not protect unmarried couples as they do married couples when it comes …