During a divorce, Illinois residents have a multitude of issues to deal with before the process is complete. Many people think that once the divorce settlement is signed, their work is done and they can move on with their lives. Sadly, many forget another important task that requires their attention now that their marriages have ended -- estate planning, especially if there are children involved.
Contracts can protect your business relationships
It does not matter what type of industry you are in here in Illinois. At some point, you will enter into contracts with other parties. These agreements protect your relationships with the companies you do business with by making it clear what each party expects of the other.
More celebrities opt for the friendlier version of divorce
Illinois movie buffs may know that Chris Pratt and his TV star wife, Anna Faris, ended their marriage. Recently, they finalized their divorce and opted to do so through the "conscious uncoupling" coined by Gwyneth Paltrow when she and ex-husband Chris Martin divorced. In fact, they made certain agreements that will keep them together as a family for a few more years despite the divorce.
3 ways to prepare for a divorce after the holidays
If you are not happy in your marriage, you may be thinking about ending it once the holidays are over. You are not alone in this. According to Business Insider, there is an increase in divorce filings in January every year. You may want to wait until the New Year so your family can enjoy one last holiday celebration together. But while you know you want to split up with your spouse, you may not know how to pull it off.
The importance of business formation for real estate investors
Many Illinois entrepreneurs choose to invest in real estate. Perhaps they want to "flip" houses or invest in commercial real estate. In any case, it may be a good idea for them to consider the importance of business formation when it comes to owning real estate. Single-purpose limited-liability companies provide numerous benefits to those who wish to own properties for investment purposes.
