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Winnetka Property Division Attorney

Winnetka Property Division Attorney

Solid Representation from Winnetka Property Division Attorneys

Though every divorce case is different, one aspect of the proceedings couples must address is who gets what in asset division. There are rules and formulas that apply under Illinois law, and they can be perplexing if you do not have a legal background. Plus, emotion is always a factor in a divorce case, which can further complicate the process.

At the Law Offices of George M. Sanders, P.C., our property division lawyers are dedicated to handling the legal considerations in a divorce case, so you can focus on moving forward with your life. We have extensive knowledge regarding the laws on asset distribution, and the skills to protect your rights. Please contact our office to set up an appointment with a Winnetka property division attorney, and read on for some answers to the most common questions about assets in Illinois divorce cases.

  • What Property is Subject to Distribution? Only “marital” property will be divided between parties to a divorce, a term that refers to assets that are acquired during your marriage. Property acquired prior to marriage, gifts, and inheritances are generally not included.
  • How Does the Law Assign Value to Assets? Bank accounts, real estate, and definable personal property are usually assigned their fair market value, but other assets may be more difficult to assess. Our firm has access to financial professionals who can evaluate complicated assets like trusts, retirement accounts, and interest in a business.
  • What Happens to Property During Divorce Proceedings? State law requires property to be safeguarded from waste or dissipation from the time you initiate a divorce to the final order. Unfortunately, some spouses engage in misconduct to have property excluded from a decision on asset division. We will protect your interests by identifying and locating assets your spouse may be hiding or squandering.
  • Is Property Division 50-50 Between the Parties? Illinois follows the law of equity in asset division, so the objective is to achieve fairness between spouses in a divorce. Distribution of property may not be exactly equal, as there are other considerations involved. For instance, is one spouse is receiving alimony, they may get fewer of the martial assets in order to make the property division more equitable.
  • What if We Can Agree on How to Distribute Assets? Illinois law encourages agreements between parties to a divorce, including in the area of property division. If you reach a compromise with the other party on what happens to your assets, we can assist you in preparing the proper documents and entering the order in court.

Discuss Your Divorce with a Winnetka Property Division Attorney

These answers to common questions about asset division in Illinois divorce cases may be useful, but they cannot replace the solid, dedicated representation only an experienced lawyer can provide. For more information on property distribution and other areas of divorce law, please contact the Law Offices of George M. Sanders, P.C. Our knowledgeable attorneys are happy to set up a consultation to review your circumstances. We assist clients throughout Chicagoland, including Winnetka, Cook County, and the surrounding areas, and we can help you, too.

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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