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Palatine Property Division Attorney

Palatine Property Division Attorney

Palatine Property Division Attorneys Protect Your Interests

In an ideal world, you could agree with your spouse on how to divvy up property as part of the divorce process. However, both legal issues and emotion may inhibit your ability to compromise. You do have rights, but it can be difficult to protect yourself when faced with complex statutory requirements and complicated court procedural rules.

Our property division lawyers at the Law Offices of George M. Sanders, P.C. know how difficult it can be to keep your emotions in check during a divorce, which is why we take on the tough legal issues for you. Please contact our office to schedule an initial consultation with a Palatine property division attorney, or to hear more about our legal services in Illinois divorce cases. Some important information about asset distribution in Illinois may also be useful.

Summary of Illinois of Asset Division Laws

Parties to a divorce are encouraged to agree on property division, but Illinois divorce law will step in if they cannot reach a compromise. A divorce court goes through various phases to make a determination on how to distribute property, including:

  • Separate Marital and Non-Marital Property: Marital assets are those that a couple acquired during their marriage, and they will be divided equitably by law. Non-marital assets that each party previously owned or obtained outside the marriage are generally awarded to the party that acquired the gift/inheritance or owned the property prior to marriage. Our property division lawyers will make this fine line clear to ensure a fair distribution.
  • Value the Marital Estate: Some assets are readily ascertainable, while others require a more thorough assessment to determine value. Interests in a business, complex ownership, and retirement benefits are examples of property that is more difficult to value. Our firm partners with financial and business experts who know the generally accepted accounting principles for establishing the value of the marital estate.
  • Protect Assets During Divorce Proceedings: Considerable time may pass between filing a petition for divorce and getting the final order. An attorney will ensure that marital assets are not subject to waste or dissipation during this period. Plus, a lawyer can help if your spouse attempts to conceal assets in an attempt to keep them out of the marital estate. There are tools to identify, locate, and recover property that should properly be before the court.
  • Distribute Assets to the Respective Parties: Once the value of marital property is properly assessed, both parties are entitled to their fair share. While it may not be exactly 50-50, Illinois law requires an equitable asset division. With the help of a skilled attorney, you can present evidence to support your position.

Talk to a Palatine Property Division Attorney About Your Divorce

Illinois laws on asset division are complicated, so it is important to have experienced counsel on your side to assist with this aspect of the divorce process. For more information on how our lawyers can protect your interests in property distribution or other divorce-related issues, please contact the Law Offices of George M. Sanders, P.C. We assist clients throughout Chicagoland, including Palatine, Cook County, and the surrounding areas, and we are happy to set up a consultation.

Contact Our Illinois Divorce & Custody Law Firm Today

You will find our attorneys to be flexible, responsive, and ready to begin providing exceptional representation to protect your rights and your best interests immediately. Call our law office now at 312-624-7645 to schedule a consultation about your family law needs at no initial charge.

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