Whether you are setting up an estate plan or making changes to your estate plan later in life, it is critical to ensure that you take the right approach and address any areas of concern, such as undue influence and challenges related to the executor of your estate or...
Year: 2020
Estate planning and Alzheimer’s disease
Whether you were recently diagnosed with Alzheimer's, you have struggled with this disease for many years or a loved one is battling this disease, it is imperative to understand the different ways in which Alzheimer's affects the estate planning process. If you are...
What experts might you need in a divorce?
In a complex or high-asset divorce, there are often issues requiring advice from experts with specialized insight. These experts assist with issues such as business and other asset valuation, income stream analysis, cash flow tracing and others. Why would you need an...
The financial advantages of forensic mediation
If you have a high net worth there are many factors to take into consideration when bringing your marriage to an end. With so much at stake from a financial point of view, it’s important to understand your legal options and safeguard your interests. For many people,...
Is mediation right for you?
It was difficult to acknowledge that divorce was the right decision for you and your spouse, but now you must decide if mediation is the most favorable choice for the two of you. Would you be better off with traditional divorce or another alternative dispute...
Two types of charitable remainder trusts
When it comes to outlining wishes for an estate plan, a person may have multiple goals. On one hand, he or she may hope to leave a legacy for family members. The person may also like the idea of supporting the work of a non-profit organization. An estate plan may well...
What it can mean when a spouse hides money
In a 2017 survey, approximately one in 20 respondents admitted to obtaining a credit card or opening a bank account that they kept secret from their spouse. If the results are applicable to the general population, approximately 12 million Americans may have committed...
3 steps when looking for hidden assets
Before you fully understand the complexity of your clients' finances, you need information. You probably have a better chance of getting a complete picture of the situation if your client begins gathering this data sooner rather than later. The search typically begins...
What should you look for when choosing an executor?
Illinois residents like you need an executor to carry out your will and manage your estate. Their role is so crucial that some experts call them the foundation of your estate plan. To this end, you want to ensure you pick a good one. But how exactly can you do this?...
Child support, alimony and working with a forensic accountant
If you are preparing for a high-asset divorce, various stressors lie ahead. Parents often face challenges related to parenting time, while high net worth divorces often bring up concerns over the division of marital property. However, child support and alimony are...