Illinois Marital Property Division
Dividing marital property is part of every divorce. At the law firm of Addis, Greenberg & Schultz, L.L.C. our lawyers work with clients to ensure that the process is fair and equitable. Many factors are considered when determining the correct distribution of marital assets. To learn how our family law attorneys can help you with this often-contentious matter, contact anytime our Northbrook, Illinois, law firm. Call us at 847.412.1863. We maintain an answering service that operates 24 hours a day, seven days a week to address your legal inquiries.
Assets that may be considered marital property
Any assets acquired during the marriage may be considered part of the marital estate. These can include:
- Bank accounts
- Stock accounts
- Retirement plans such as 401(k)'s and pensions
- Real estate, such as a home or vacation cottage
- Cars and boats
- Furnishings and furniture
- Businesses
Non-marital property
Items acquired before the marriage, such as inheritances or those assets protected by a prenuptial or postnuptial agreement, are usually not included in the marital estate. Other types of property are considered nonmarital property. We can help you determine what property is marital and what is nonmarital.
Transmuted property
Divorce cases become particularly and especially complex when nonmarital property, such as an inheritance, is mixed with marital property. Untangling problems such as this sometimes requires the assistance of forensic accountants and business valuation specialists. If you believe that your personal property has become mixed or transmuted with the marital estate, it is important to consult with an attorney who is experienced with difficult matters such as these.
Experience helps with complex issues such as property division
Our lawyers have more than 100 years of combined experience. They use this experience to help clients who are involved in a difficult marital property division process. If you have questions about the division of marital assets, contact our Chicagoland-area law firm. Call Addis, Greenberg & Schultz at 847.412.1863.
