by Manish C. Bhatia | Nov 1, 2010 | News + Trends
Divorce is a reality that is difficult to anticipate, but one that can be planned for through proper Estate Planning. The Illinois Marriage and Dissolution of Marriage Act (the “Act”) provides that although property acquired by gift, legacy or descent is considered...
by Manish C. Bhatia | Jun 1, 2010 | News + Trends
On April 29th, both Illinois houses passed a bill that amends the state’s joint tenancy provisions to permit revocable trusts to hold homestead property in tenancy by the entirety (see below for a brief discussion of “tenancy by the entirety”). When creating dual...
