The Division Of Marital Property: Protecting Your Rights And Interests
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 focused on the items’ sentimental value. 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 Law Group, Ltd, that is exactly what you will find. We have more than 40 years of experience guiding individuals in Lake County, Cook County and DuPage County through the legal system and helping them find the effective solutions they need. To schedule a free 30-minute initial consultation with one of our attorneys, send us an email or call 847-680-7070.
We know this can be an emotionally and financially draining time, and we are here to help the process move effectively.
What Property Will Be Divided During The Divorce?
During a 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 or are of average means, we can help. If you are interested in working with an attorney who will help you fairly divide your property, contact us via email or call 847-680-7070 to schedule your free 30-minute initial consultation.