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Family Law Complex Property Division

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Complex Property Division

Divorce Lawyer And Complex Property Division Attorney Susan A. Marks

Division of assets and property can become very complicated, very quickly, with the difficulties of inclusion as marital property and distribution increasing with the number of years you are married.

At SAM LAW OFFICE, LLC, we provide an accurate valuation of assets, businesses and benefits. We also assist with equitably dividing these assets and others that are classified as marital property, with the goal of helping clients develop a plan for a secure future. Contact Susan A. Marks, our reputable divorce asset division lawyer serving Chicago and the surrounding areas, today for more information during a free initial consultation by calling 847-255-9925.

Asset And Business Valuation Lawyer

Illinois is an equitable distribution state, meaning that properties and debts obtained throughout the marriage are divided according to principles of fairness — not necessarily by a 50/50 split. This is especially the case when you and your spouse are part owners of a family business or own extensive assets, properties and/or investments.

Our complex property division attorney will first help you with identifying marital property and debts. We will then use our skill and experience to assist you with:

  • Asset valuation
  • Business valuation
  • Pension valuation
  • Pension division
  • Complex property division
  • Investment division

We aim to secure your financial future by listening, providing efficient solutions that make sense, and empowering you to move on with your life. When you are unable to negotiate a fair settlement, we will aggressively pursue your rights at trial.

Do You Need Complex Property Division Help During A Divorce? A Divorce Lawyer at SAM LAW OFFICE LLC Is Ready To Help.

Schedule a free initial consultation at SAM LAW OFFICE, LLC, today to find out how we can help you with a complex divorce in Chicago or the surrounding areas. We offer free initial consultations.

FAQs About Illinois Property Division

What Is the Difference Between Marital and Separate Property?

In Illinois, the law draws a clear line between what belongs to the marriage and what belongs to each spouse individually. Assets accumulated during the marriage are usually treated as marital property, while anything you brought into the marriage, or received later as a gift or inheritance, remains yours alone. This distinction matters because only marital property can be divided by the court during a divorce.

Can We Agree on How to Divide Property Without Going to Court?

Yes, you and your spouse can reach an agreement on how to divide your property outside of court. This is often accomplished through processes such as mediation or collaborative divorce, in which you work together to reach a settlement agreement. An agreement reached this way can then be submitted to the court for approval, which often saves time, reduces stress, and lowers legal costs compared to a trial.

What if My Spouse Hides Assets from Me?

If your spouse intentionally hides assets, there can be serious legal consequences once discovered. Illinois courts require full financial disclosure from both parties, and concealing assets violates this rule. Should hidden assets come to light, a judge may award a larger portion of those assets, or even the entire value, to the other spouse as a penalty.

How Do I Decide What Property Is Worth Fighting For?

Deciding which property to fight for involves both financial and emotional considerations. You should start by evaluating the asset’s actual monetary value against the potential legal costs of fighting for it. However, some items may have sentimental value that is just as important. A family law attorney can help you weigh these factors to determine a strategy that aligns with your priorities and long-term financial security.

Can Property Division Be Revisited After the Divorce Is Finalized?

Generally, property division orders are final and cannot be changed after a divorce is finalized in Illinois. There are very few exceptions to this rule, such as when fraud or coercion is proven or when significant assets are intentionally hidden and later discovered. Because these agreements are usually permanent, it is vital to get them right the first time with the help of a qualified attorney.

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