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What are Real Estate Disclosures?

Selling or even buying a property is not a straightforward task as it involves a plethora of legal and financial processes before the sale is completed. Real estate disclosures are one of the main prerequisites for selling your property. Essentially, real estate disclosure is a document which informs or reveals important information such as defects and faults to the potential buyer. This disclosure is intended to help the buyer make an informed decision and to avoid post-sale conflicts over defects in the property. As any real estate lawyer wou... Read more

What are Prenuptial Agreements and Do You Need One?

A prenuptial agreement is essentially a contract signed by a couple before their marriage. It serves to clarify the concerns regarding the ownership of their respective assets in case of a divorce. Although quite unromantic, people tend to opt for prenuptial agreements to protect their personal interests, particularly when they possess assets of considerable value. Opting for a prenuptial agreement may affect your relationship as it entails discussing the terms of divorce even before you are married. Many people refuse to discuss a prenuptial a... Read more

Illinois Real Estate Laws

Property and real estate laws typically concern things like landlord-tenant relations, homestead protection from creditors, and related matters. Laws regulating the rental market protect both landlords and tenants. In Illinois, for example, landlords must return a tenant’s security deposit within 30 days of the termination of the lease but the state doesn’t limit the amount landlords may charge for a deposit. Illinois’ homestead protection law allows an individual to claim a portion of his or her property as off-limits to cred... Read more

Establishing Paternity in Illinois

In this article, we shall summarize the laws pertaining to establishing paternity in the state of Illinois. Every state has its own set of family laws, which are generally identical but in some cases have glaring differences. According to Illinois state law, paternity can be established through any of the 3 methods listed below. Voluntary Acknowledgement of Parentage (VAP): This is the most commonly used method, and the simplest, where parentage is established by mutual consent between both parents. Litigation: In cases where parents are unabl... Read more

No Fault Divorce –Dissolve Your Marriage with Integrity

Stuck in a relationship where you have irreconcilable differences with your spouse? And you wish to end your relationship without having to air your dirty laundry in public and squandering your money on an expensive divorce lawyer? File for a divorce or dissolution of marriage in a no-fault state. After the ratification of the amended Illinois Marriage Act, estranged couples can file for divorce or dissolution of marriage in discreet and private manner. Under the new family law, the state does require the spouse filing for divorce to prove any ... Read more

Replacement of HVAC Systems in Commercial Leases: Who Bears the Costs?

Commercial leases come with several terms, conditions and legal clauses that impact the property owner as well as the tenant with what may be involved, how the lease functions and what is paid. Typically, the lease specifics cover who pays for what service or commodity, the repairs and maintenance that need to be paid for and other relevant issues. This eventually determines whether the costs are shared between the tenant and the landlord or one party bears all the expenses. One must consult a real estate lawyer in case a conflict arises. The H... Read more

Common Causes of Real Estate Disputes

Real estate disputes can occur in a variety of situations, especially in the state of Illinois. You should seek advice from an experienced real estate attorney to resolve these disputes. However, learning more about the common causes of these disputes ensures that you can make the right choices and avoid problems when buying or selling real estate properties. Here are a few common causes of real estate disputes: Bad Repairs A common practice in closing real estate deals is that the buyer asks the seller to make some specific repairs on the prop... Read more

Understanding Child Tax Credit with Divorce

Child tax credit is important if you have dependent children in your family. The tax credit is levied in the United States when the income of a family is less than $110,000 a year. However, with divorced parents, the situation may be complex, especially in the state of Illinois. Although an experienced family lawyer can offer the best advice, it is important that you learn how the tax credits may apply to you after divorce. Here are some important details: No Child Tax Credit in Illinois Illinois is a state that offers earned income tax credit ... Read more

Fighting Foreclosure Requires Preparation and Help

Foreclosure is a harsh reality and comes without prior notice. It happens because every mortgage is legally covered, by contractual term, that a foreclosure will occur in case of non-payment. Ideally, avoiding circumstances that lead to foreclosure in Illinois is the best course of action, but financial hardships can make it difficult. You need the help of an experienced lawyer in this case, who can help you avoid a foreclosure. The Initial Process Learning about foreclosure allows you to prepare yourself better. Most of the mortgage laws appli... Read more

Child Support Payments – The Harsh Reality of a Divorce

A divorce does not free you of your liabilities and legal responsibilities towards your partner or your children. Even with a divorce and not having custody, you can be held responsible for supporting the educational, physical, emotional and psychological needs of your children. The level of support you must provide is often determined in terms of child support payments that an Illinois court decides during divorce proceedings. Child support is a vast and complex area of law, and it is essential that you know it well to ensure that your interes... Read more