Property division is one of the biggest issues in divorce cases. Even in cases in which couples have not been married long, you may be entitled to significant amounts in any final settlements or divorce orders. Getting the maximum amount you are entitled to plays a key role in divorce recovery. Our Skokie property division lawyers explain more about how these matters are handled in Cook County divorce proceedings.
Regardless of the circumstances surrounding your marriage or your reasons for filing a divorce, there are certain matters that must be addressed before your divorce can be finalized. One of the most important concerns is marital property division.
When filing for divorce through the Cook County Court, you must provide financial disclosure detailing all marital property and assets you and your spouse possess. This refers to anything earned, acquired, or accumulated over the course of your marriage, such as:
It is important to make a complete inventory of all marital property you and your spouse possess. Our Skokie area property division lawyers can assist you in listing and valuing these items and in uncovering hidden assets through past tax returns, property records, and other means.
Under the Illinois Statutes, marital property division is done on an equitable basis. This means that rather than splitting everything evenly between you and your spouse, you are entitled to a fair share based on all the specific details involved in your case. Factors a judge will consider in determining what is “equitable” in property division include:
In addition to the complex emotional issues that arise in divorce, recovering financially in the aftermath can pose significant challenges. Getting the maximum amount you are entitled to in terms of property division helps to protect your current lifestyle and your future financial security.
At Gordon & Perlut, LLC., we are here to help. Since 1998, our Skokie property division lawyers have provided the trusted legal guidance our clients need. To request a confidential consultation, call 847-329-0101 or contact us here today.