A trust is set up by a grantor (aka settlor or trust maker) typically for the benefit of a beneficiary, who may receive distributions during the grantor’s lifetime or upon death as directed by the trust. Trusts can be revocable or irrevocable, funded by marital or separate property, which speaks to how they will be…Read More
Dividing Retirement Accounts in an Illinois Divorce
Dividing retirement accounts in an Illinois divorce requires some foresight. Parties in a divorce will sometimes approach property division with fairness in mind. They enter into the process saying that they will divide everything in half, fair and square. When you and your spouse make decisions regarding the division of retirement assets, paying attention to…Read More
