Five Reasons to Protect Your Retirement Accounts Now

Rincker LawRetirement Trusts

Your retirement account provides asset protection during your lifetime, but as soon as you pass that account to a loved one, that protection evaporates. When your spouse, child, or other loved one inherits your retirement account, creditors have the power to seize it and use the funds to satisfy their claims. This means one lawsuit and POOF!—your life-long, hard-earned savings …

Share this Article

Planning Considerations For Unmarried Partners

Rincker LawEstate Planning

When it comes to protecting your unmarried partner, there are several options to consider. Depending on the value of your money and property, your desired level of protection from your partner’s creditors, and other factors unique to your situation, one or more of these strategies may be beneficial. A word of caution: regardless of what methods you use, you must …

Share this Article

My Loved One Has Died – What Do I Do Now?

Rincker LawEstate Planning

When a family member or other loved one dies, grief and shock can sometimes be overwhelming. The last thing most people want to think about is making phone calls or funeral arrangements. Some things do not need to be done immediately, but there are some steps that should be taken soon after the loss of your loved one. We hope …

Share this Article

Financial Considerations to Be Aware of Before Filing for Divorce in Champaign

Rincker LawDivorce Mediation, Family/Matrimonial Law

If you are considering filing for divorce in Champaign, it is essential to be aware of the financial implications of divorce. The more prepared you are, the higher the chances are of a better outcome in your divorce. One of the most important things to consider is how will you manage financially if you get separated or divorced. The financial …

Share this Article

Hear Cari Rincker Talk Biz on the Central Illinois Business Leaders Podcast

Rincker LawUncategorized

I really enjoyed joining Derek Hayden and Garrett Ulmer with the Central Illinois Business Leaders Podcast, available here.  I give some behind the scenes looks at Rincker Law and my life as a manager of this law practice (both before I had baby and afterwards). Share this Article

Share this Article

Preserving Your Money and Property Beyond the Third Generation

Rincker LawEstate Planning

Whether you have inherited your wealth or have built it yourself, you likely want to share this wealth with the next generation and beyond. The quotation “shirtsleeves to shirtsleeves in three generations” has often been attributed to Andrew Carnegie. The same concept has been echoed by other people and various cultures, with the underlying notion being that the first generation …

Share this Article

Fears When Talking about Money

Rincker LawEstate Planning

Studies[1] have shown that the largest contributing factors to generational loss of wealth are a lack of communication and trust among family members and the failure to prepare heirs.[2] Often, fear is what underlies the lack of communication and trust that inevitably leads to unprepared heirs. Following are some of the fears that prevent people from communicating with their loved …

Share this Article

Things to Know Before Joining a Multilevel Marketing Business

Rincker LawBusiness/Commercial Law

Multilevel marketing (MLM) businesses sell products or services directly to retail customers using commission-based, nonsalaried representatives who are encouraged to recruit new representatives and form their own sales networks. They can have thousands of representatives and generate billions of dollars in annual revenue, although many of the people who join them make little to no money. Some may even lose …

Share this Article

The Lesson Plan for Your Estate

Rincker LawEstate Planning

Below are some basic questions and answers about estate planning and how estate planning, or the absence of an estate plan, may impact your life. What is an estate? Although you may not be a billionaire, you have an estate that needs a proper legal plan. Estate is a general term used to describe everything you own. This includes things …

Share this Article

Why Prenuptial Agreements in Champaign Are Becoming the Norm Amongst Millennials

Rincker LawFamily/Matrimonial Law, Prenuptial Agreements

There was a time when prenups were primarily for wealthy families or couples that were entering into their second marriage. However, there are many reasons why prenuptial agreements in Champaign are becoming the norm amongst millennials. In fact, according to a study conducted by the American Academy of Matrimonial Lawyers (AAML), 62% of divorce attorneys revealed an uptake in clients …

Share this Article

Living, Testamentary, and Constructive Trusts: Are They All the Same?

Rincker LawEstate Planning

In the world of estate planning, terms that refer to legal documents such as wills, trusts, powers of attorney, and healthcare directives can be confusing and even overwhelming at times. What is a will, and how does it differ from a trust? What distinguishes a springing power of attorney from an immediate power of attorney? Or are they the same …

Share this Article

To Have, but Not to Hold? Common Law Marriage and Estate Planning

Rincker LawEstate Planning

Marriage as a legal institution has taken a variety of forms throughout history. As society evolves, how we identify marriage in our society also changes. In some states, a couple may be deemed married without having participated in judicial or religious ceremonies. These marriages are called common law marriages. Their existence creates some potential issues when planning for illness or …

Share this Article