Dividing Property After a Marriage
During a marriage, most couples grow accustomed to sharing everything they own. They pool their finances to invest in property and other assets. When a marriage ends, all those assets must be divided.
Property division can be one of the most challenging elements of a divorce. Some people are concerned with the financial value of the items they are splitting, and other people are more attached sentimentally. Whatever attachment you have to your assets, it is important to work with a Libertyville property division attorney who can help you divide your property equitably.
At Beermann & Ori, that is exactly what you will find. We have more than 40 years of experience guiding individuals in Lake County through the legal system and helping them find the effective legal solutions they need. We know this can be an emotionally and financially draining time, and we are here to help the process move more effectively.
What Property Will Be Divided During the Divorce
During the divorce, all marital property will be divided. Marital property includes all property that was acquired during the marriage, other than gifts or inheritances given specifically to one person. It does not matter whose name is on the title of cars or homes; if it was acquired during the marriage, it is considered marital property.
In some situations, families have more than just their home and car to divide. If you run a family business, or if you have a large or complex estate, we can work with you to make sure those assets are properly valuated. We work with experts who can accurately valuate businesses, intellectual property, stocks and real estate.
Contact an Experienced Illinois Marital Property Lawyer
Whether you have a high net worth divorce or are an average American, we can help. If you are interested in working with an attorney who will help you fairly divide your property, contact us via e-mail or call 847-680-7070 to schedule your free initial consultation.
