When a couple first gets married, they usually have no problems sharing their belongings or acquiring new ones within the context of the marriage. After all, they are in love; why shouldn’t they share everything? However, for many couples, those feelings fade over time. Before they know it, someone has filed for divorce, and now they are dealing with the difficult issue of asset division. If you and your soon-to-be ex-spouse are struggling with this, you’re not alone. A skilled property division lawyer in Evanston can help protect your rights and negotiate a fair divorce settlement.
Illinois is one of many states that subscribes to equitable distribution or community property standards when dividing assets between divorcing spouses. This standard requires that the division is honest and fair. However, it doesn’t have to be equal. Instead of defaulting to a 50/50 split of all marital assets, the family court judge will weigh several factors to determine what type of property division arrangement would be fair. These factors include:
When you hire an experienced property division attorney in Evanston, you can discuss your goals for the division of assets and debts. They can tell you what might and might not be realistic.
Not all property in a marriage is subject to division. Depending on the couple, there are typically some assets that are exempt from property division. These might include:
Sometimes separate property can get mingled with community property, making asset division more complex. In these cases, it’s imperative to have a knowledgeable property division lawyer in Evanston on your side to ensure the fair division of assets.
The division of assets and debts is often a highly contested issue in divorce. At Sanders Family Law, our property division attorney in Evanston understands how stressful, confusing, and overwhelming property division can be. We help you identify your needs and desires and negotiate to get the best possible outcome for you. We can also help if you suspect your spouse might be hiding assets. Contact us today to learn more about how we can help.