It is never easy for a divorcing couple to split up their assets. As the years go by, a couple’s property generally becomes increasingly intertwined, making it even more difficult to divide in the event of a divorce. To make matters even more complicated, many couples own many complex assets that are hard to value, let alone divide.
At SAM LAW OFFICE, LLC, our top-rated Mount Prospect divorce attorneys have deep experience representing clients in complex property division disputes throughout Northern Illinois. If you are getting divorced and you own complex assets, please contact our firm today for immediate assistance with your case.
Under Illinois law, a couple’s assets and liabilities are divided in an “equitable” manner. This does not mean that there will always be a 50/50 division of the marital property. Indeed, it can mean very much the opposite. State courts will split up marital property in a manner that is deemed “fair and just” to both parties.
There are a few important things that divorcing couples in Mount Prospect, IL need to know about the equitable distribution standard. First, only marital property is subject to division. Separate or individual property will not be divided. Of course, this means that identifying what is and what is not marital property is a key part of any divorce case. Additionally, to be fairly divided, property must be accurately valued. For some types of complex property, making a fair and honest valuation can be very challenging.
At SAM LAW OFFICE, LLC, our family law team has experience handling divorce cases involving a wide variety of highly complex assets. Regardless of the types of property that you and your spouse own, we can help you protect your fair share of those assets. We will ensure that your property receives a fair valuation. Some of the different types of complex assets that our team has worked with in the past includes:
At SAM LAW OFFICE, LLC, we have deep experience protecting the rights of our clients in divorce cases in Mount Prospect and in the surrounding communities. If you are getting divorced and you own complex property, please call our office today at (847) 255-9925 to schedule your free, comprehensive initial legal consultation.