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30 Jan 2021, 1:38 pm
” 750 ILCS 5/602.10(g) “The presumption of marital property is overcome by showing through clear and convincing evidence that the property was acquired by a method listed in subsection (a) of this Section or was done for estate or tax planning purposes or for other reasons that establish that a transfer between spouses was not intended to be a gift. [read post]
24 Jan 2021, 8:18 am
2004) If the parents were not married or there is no marital estate to divide, you’re going to have to wait for the parent to be released to ask for the payments on what is owed. [read post]
22 Jan 2021, 5:22 pm
“An Illinois court of competent jurisdiction in a proceeding for declaration of invalidity of marriage, legal separation, or dissolution of marriage that provides for support or the distribution of property, or any proceeding to amend or enforce such support or property distribution, may order that all or any part of any (i) member’s retirement benefit, (ii) member’s refund payable to or on behalf of the member, or (iii) death benefit, or portion thereof, that would otherwise be… [read post]
10 Jan 2021, 11:53 am
“Any person, whether or not a citizen or resident of this State, who in person or through an agent does any of the acts hereinafter enumerated, thereby submits such person, and, if an individual, his or her personal representative, to the jurisdiction of the courts of this State as to any cause of action arising from the doing of any of such acts: (1) The transaction of any business within this State; (2) The commission of a tortious act within this State; (3) The… [read post]
1 Jan 2021, 6:50 am
Contact our Chicago family law firm for a free, no-obligation consultation with a Chicago divorce attorney, The post IRS Tax Debt And Divorce In Illinois appeared first on Russell D. [read post]
26 Dec 2020, 5:28 pm
Constructive trusts are exempt from the Statute of Frauds, so no written document is required, even if real estate is the subject of the constructive trust. [read post]
24 Dec 2020, 5:52 pm
A married couple’s portfolio is diversified by having additional real estate in a different community. [read post]
10 Dec 2020, 8:30 pm
National/Federal Barr Taps Durham as Special Counsel, Pushing Probe into Biden Era Politico – Kyle Cheney and Josh Gerstein | Published: 12/1/2020 Attorney General William Barr appointed U.S. attorney John Durham as a special counsel to investigate the origins of the FBI’s probe of Russian interference in the 2016 election. [read post]
8 Dec 2020, 1:55 am
Executive Summary Introduction The Current Crisis in Context — New York’s Competitive Standing — New York’s Recent Reforms — New York’s Budget Gap — Prospects for Federal Relief — The State and Local Tax Deduction (SALT) Cap and New York’s Fiscal Capacity — New York’s Convenience Rule and the Future of Remote Work Evaluating New York’s Revenue Options — Mark-to-Market Taxation of Capital Gains Income — Stock… [read post]
3 Dec 2020, 8:46 am
Russell A. [read post]
26 Nov 2020, 5:43 am
Therefore, is easy to imagine a royalty interest being inherited or gifted from a parent or even a grandparent’s estate. [read post]
21 Nov 2020, 6:39 am
“All the property of the parties to a marriage belongs to one of three estates, the estate of the husband, the estate of the wife, or the marital estate. [read post]
18 Nov 2020, 7:03 am
In this rapidly evolving age of technology adaptations, Russell, Krafft & Gruber LLP is here to answer your technology-related legal questions. [read post]
14 Nov 2020, 11:57 am
Many assets such as some real estate and stocks which don’t pay dividends merely increase in value. [read post]
13 Nov 2020, 6:24 am
R. 201(b)(1) Illinois Supreme Court Rules allow either that either party “may by written request direct any other party to produce for inspection, copying, reproduction photographing, testing or sampling specified documents, including electronically stored information as defined under 201 (b)(4), objects or tangible things…or to disclose information calculated to lead to the discovery of the whereabouts of any of these items, whenever the nature, contents, or condition of such… [read post]
10 Nov 2020, 10:38 am
She received her law degree from Stetson University, College of Law and practices in several areas, including Business, Commercial Real Estate, Estate Planning, and Estate Administration. [read post]
8 Nov 2020, 5:23 am
Not according to the Illinois Supreme Court: “[A] marital estate is not entitled to reimbursement for mortgage payments toward nonmarital property when the marital estate has already been compensated for its contributions by use of the property during marriage. [read post]
7 Nov 2020, 5:53 am
• The age, health, station occupation, amount and sources of income, and sources of income, vocational skills, employability, estate liabilities, and the needs of each party• All sources of public and private income including, without limitation, disability and retirement income• Contributions and services by the party seeking maintenance to the education, training, career or career potential, or license of the other spouse• Any valid agreement of the parties• Any… [read post]
3 Nov 2020, 9:10 am
She received her law degree from Stetson University, College of Law and practices in several areas, including Business, Commercial Real Estate, Estate Planning, and Estate Administration. [read post]
1 Nov 2020, 5:08 am
Real estate can be rented out. [read post]