United States: Family and Matrimonial

Estate planning is the process of setting out advance instructions to prepare for your future incapacity or death. Every estate plan is unique because every individual’s family and circumstances are unique.

A New York Commercial Division case examines whether a father and son have standing to sue derivatively on behalf of a home care services LLC when the mother claims sole ownership. The court must determine if an unadjudicated equitable distribution claim in a parallel matrimonial divorce proceeding can confer the corporate ownership required for derivative standing, while also evaluating allegations that key ownership documents were fabricated.

Illinois Senate Bill 3524 proposes significant changes to how child support is calculated in shared parenting arrangements, lowering the threshold from 146 to 110 overnights and introducing a sliding scale for parenting time calculations. These modifications could have substantial financial implications for divorcing parents, particularly high-net-worth families with complex income structures.