Divorce Attorneys Skilled in Property Division Issues
Misinformation and inaccurate assumptions are widespread on the subject of property division and divorce. Whether you have significant assets or a much more modest net worth, it is critical to contact a lawyer at Bennett Law to advise you on strategies to protect your financial interests.
Understanding Property Division Laws in Illinois
Here are a few important basic aspects of the Illinois statute covering property division in divorce:
- Fault in the divorce is no longer a consideration in how property is divided
- Dissipation by a spouse is a significant and complex issue
- Illinois law requires equitable division of property — which does not necessarily mean equal, fifty-fifty division of assets
- Departures from equal division of assets may be based on many factors, including which party will have child custody and the parties' current and future earning capacities
- Assets may be classified as marital property subject to division, or nonmarital property owned by either individual.
As you can see, our statutes leave ample room for dispute over financial matters. Our family law attorneys at Bennett Law know what to look for, which questions to ask and how to protect you from costly mistakes. To learn more about common misconceptions, you can view these divorce myths or explore articles on this subject by our founding attorney Margaret A. Bennett.
Our Attorneys Will Help You Keep the Future in View
We have the professional resources to:
- Discover assets — or debts —your spouse has hidden from you or acquired since separation
- Obtain accurate valuations of all types of assets, from homes to retirement accounts and complex financial securities to business interests
- Clearly establish your ownership of nonmarital property including inheritances
It is important to look to the future so that you are not obligated to pay indebtness that you are not prepared to pay or that leaves you with inadequate resources to maintain your standard of living. This is why our law firm is intensely committed to critical financial research and forensic accounting that clarifies your total financial picture.
Looking out for your own financial future requires a financial analysis. It is what you need to do, and we provide the legal and financial capabilities to make it happen. Contact our law firm today to strategize for a secure and successful future.
