Divorce necessitates frank discussions concerning numerous touchy subjects. It can be difficult for one or both spouses to talk about these things but doing so is essential to make divorce a more constructive process. Negotiations become even tenser when children are involved. For instance, the divorcing couple needs to make critical decisions about the allocation of parental responsibilities, and it …
No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing —estate plan. Military families need to consider special estate-planning issues that others do not. This is particularly true when one or more family members are deployed overseas. Beyond this, members …
Hiring your child to work in the family business can be a win-win situation for both you and your child. A child employee offers you tax advantages not available with other employees. There are also potential tax savings for the child employee, who can set aside that money for college or retirement. If you are thinking about hiring your child …
In this episode of Ag Law Today, hear me interview Brian Schaumburg on farm succession planning on this episode of Ag Law Today. Don’t forget to subscribe to Ag Law Today on YouTube so you don’t miss a beat. You can watch this episode or other episodes of Ag Law Today (via Purdue University Extension). More info on Ag …
Most people understand that having some sort of an estate plan is a good thing. However, many of us do not take the first steps to get that estate plan in place because we do not understand the nuances between a will and trust – and dying without either. Here is what will generally happen if you die, intestate (without …
Getting prepared for divorce mediation in Champaign County is always beneficial. When you are ready for the meeting, things will move smoother, and more issues will be solved. There are several things that you can do to make the mediation process simple and be prepared for your meeting with your divorce mediation lawyer. Write Down Questions If you have issues …
Small business owners are no strangers to risk management. Owning and operating a small business entails a certain level of unpredictability. Despite your best efforts to stay on top of supply chains, marketing, sales, competitors, employees, and cash flow, unexpected issues can knock you for a loop. You have survived plenty of bumps in the road and emerged stronger than …
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 …
If you are dealing with the allocation of parental responsibilities in Champaign, it is important to acknowledge that evidence from text messages is critical for your allocation dispute. Plan on documenting and printing text messages so they show when they were sent, received, or even read. In this blog, a Champaign divorce lawyer shares how to handle text messages for …
