The Law Offices of Van A. Schwab
Skokie and Libertyville

Property division matters can be complex for couples with high-value assets

Chicago readers may be interested to hear that actress Ashley Judd and her husband, race car driver Dario Franchitti, have decided to part ways. The couple was married for a little more than a decade. Because of the couple's successful careers, they may encounter challenges when it comes to property division, as is the case for many people involved in a high-asset divorce.

In Illinois, property division matters are settled through the laws of equitable distribution. Some couples may end up splitting up their assets equally. However, judges generally consider how long a couple was married as well as each individual's earning power when determining how to divide assets.

It is often a joyous time when couples decide to move forward with their relationship and get married. People usually don't anticipate that they will one day divorce. In fact, they may picture themselves growing old together. However, over time, couples may realize they can no longer remain married. Sometimes divorce is the only solution.

Going through a divorce can be an emotional time. Those emotions may only multiply when couples are faced with complex property division matters. Couples with high-value assets can face challenges along the way.

In order to work through property division matters in a timely manner, people in Chicago would be best served working with an experienced attorney. An attorney will look out for his or her client's needs while working towards solutions that are fair for everyone involved. Each spouse can move forward with their new life sooner if lengthy disputes are avoided.

Source: Chicago Sun-Times, "Ashley Judd waves checkered flag at marriage to Dario Franchitti," Jan. 30, 2013

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If you need an experienced and honest family law attorney, contact us by calling 312-702-1745 (in Chicago) or 847-208-4569 (in Skokie and Libertyville).

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Chicago, IL 60602

Phone: 312-702-1745
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