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 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 the trial. If a settlement cannot be reached through negotiation or other alternative dispute resolution methods, then the trial is the only means by which the divorce can be accomplished.
Attorney Van A. Schwab is experienced handling all types of negotiation and litigation involved with the division of assets and debts.
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.
Our law firm can also assist with the division of closely held businesses and pensions. We are very knowledgeable about qualified domestic relations orders (QDROs) and other legal tools.
In addition to the financial assets, our firm also assists pet owners in obtaining satisfactory custody arrangements.
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. You can also email us to schedule an appointment.