It is never enough to rely on the so-called fair property settlement that your spouse proposes. Having a skilled and experienced attorney representing your interests in the divorce is vital to your future.
At The Law Offices of Van A. Schwab, our founding lawyer has more than 37years of experience guiding clients through every aspect of the equitable division process. As a Chicago property division attorney, he has successfully handled cases involving millions of dollars in assets.
Often, an actuary assists by evaluating financial aspects of a marital estate, including stocks and real estate, as well as the marital residence and all other marital property. Mr. Schwab is accustomed to evaluating the overall financial picture while representing and advising husbands or wives who are in the process of divorce or marital separation. As an experienced investor, he is confident and precise as he evaluates tax returns and other financial documents.
What Is Part Of The Marital Estate?
Subject to a few exceptions, the marital estate consists of assets that were acquired during the marriage. Recent changes to the Illinois Marriage and Dissolution of Marriage Act law now close the marital estate at the time the divorce is filed.
Property Division Basics In Illinois
In Illinois, before a divorce case goes to trial, the couple must attend a pretrial conference with a Family Court judge. The judge will often suggest ways to resolve differences before trial. If a settlement cannot be reached through negotiation or other alternative dispute resolution methods, then trial is the only means by which the divorce can be accomplished.
Dividing Businesses, Retirement Accounts And More
The overall financial picture of a divorcing couple may include complicating factors such as home equity, retirement accounts, bank accounts, taxes, private school tuition, inheritances, proposed spousal support and anticipated liabilities related to health needs.
Begin Protecting Your Future
To learn more about the property division process in Illinois and how our firm can help protect your future, please call us at 312-702-1745 (in Chicago) or 847-208-4569 (in Skokie, Deerfield or Libertyville) to schedule an appointment.