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Archives for April 2021

High Net Worth Divorce: When Property Is Owned By a Trust

Denise Erlich Image avatar by Denise Erlich

prenuptial agreement with a magnifying glass with dollar bill image in it

It’s common for “high net individuals” to set up trusts as part of tax shelter, wealth protection measures, and estate planning, but that presents a unique set of challenges when it comes to divorce. A trust is a legal agreement in which the trustor (the person who creates the trust) gives the trustee (the person in charge of the trust) the right to hold title to assets or property for the benefit of a beneficiary (the person for whom the trust is created). The trust is usually given a different … [Read more...]

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7 Myths About Social Security and Divorce

Denise Erlich Image avatar by Denise Erlich

A law gavel and divorce decree file

Several misconceptions surround Social Security and divorce, even though the program has been around for over 85 years. To get things straight, here are 7 common myths about Social security and divorce and the facts that disprove them. Myth #1: A Claim Will Reduce the Ex’s Checks Up to 52% of adults surveyed said they believe that claiming social security based on an ex-spouse’s record could influence their benefits. The truth is, claiming Social Security benefits based on an ex’s record … [Read more...]

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Erlich Law Office, LLC
One Lincoln Centre
18W140 Butterfield Road, Suite 1500

Oakbrook Terrace, IL 60181
Phone Number: (630) 538-5331
Fax Number: (630) 563-2424

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