Chicago North Suburbs Lawyer

Any divorce can be complicated by property division matters. However, when divorcing spouses own significant assets, the process becomes much more complex.

At The Law Offices of Van A. Schwab, we assist clients in complex property division cases involving real estate, stocks, investments, and other property. To discuss your case in a free 30-minute consultation, call our law firm at 847-208-4569 (in Skokie) or 312-372-4569 (in Chicago), or contact us online.

Attention to Detail

At The Law Offices of Van A. Schwab, we approach each case with great attention to detail. When a case is complex - when spouses own a closely-held business, or retirement accounts are involved - it is critical to examine various angles.

In a complex property division case, many questions arise: Does the property belong to both spouses? How much is it worth? Has either spouse failed to disclose assets? We aim to answer all the questions our clients have, and offer insightful legal advice and counsel.

Equitable Property Division

In Illinois, divorcing couples are subject to equitable property division. In this type of property division, assets may not be split 50/50. The courts consider the following in determining the equitable division of property:

• Age of each spouse
• Health of each spouse
• Income of each spouse
• Earning capacity of each spouse
• Non-marital property

Marital property is subject to equitable property division. This can include bank accounts, retirement accounts, investments, real estate, and other assets. Non-marital property, however, is not subject to division. This can include gifts, inheritances designated to one spouse, property owned before the date of marriage, and other property.

Business Valuation

A particular point of contention in any complex property division case concerns business valuation. When one or both spouses owns a business, it is critical to determine its value, and proceed to either divide the business, or compensate one spouse for the portion of the business. Attorney Schwab and our entire legal staff work with appraisers, accountants and other experts to seek the most accurate assessment of your business.

Contact Us

Do you have questions about home equity and property division? Are you wondering about the tax implications of a high-asset divorce? Contact family law attorney Van A. Schwab through this Web site, or by calling 847-208-4569 or 847-470-0139 (in Skokie) or 312-372-4569 (in Chicago). In other suburbs call 708-209-1922. We offer flexible hours and a free 30-minute consultation. For Lake County clients, our Skokie is convenient to highway I94 at the Dempster St. exit.

For more information complex property division in divorce, visit our Property Division Information Center.

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