Pursuing Equitable Division of Marital Assets
Illinois property division is governed by equitable distribution. However, that does not mean that each spouse in a divorce receives 50 percent of the marital assets. It means that property is to be divided fairly. Factors such as the length of the marriage, each side's earning potential and the existence of a prenuptial agreement can impact a judge's decision regarding what constitutes fair division.
Attorney Robert Schmit has more than thirty years of legal experience assisting clients with property division. He will stand up for what is rightfully yours, vigorously protecting your interests. Call 708-761-6978 or 866-603-6951 for a free consultation.
Separating Marital and Non-Marital Property
The first step in property division is to classify all belongings as either marital or non-marital. Generally, marital property includes items acquired during the marriage, while non-marital property includes belongings owned by one spouse prior to the marriage, as well as gifts and inheritances. Disputes arise when the parties disagree about how to classify property or when an item is a combination of marital and non-marital property.
A Knowledgeable Lawyer Working To Protecting Your Interests
An experienced family law attorney can provide invaluable assistance with asset classification and valuation. Robert Schmit has extensive experience handling property division matters involving:
- Real estate
- Businesses
- Investments
- Pensions and retirement plans
- Concealed funds
When appropriate, he consults with experts, such as real estate appraisers, actuaries and accountants to determine value.
Resolving Your Property Division Dispute
Property division is one of the most intensely debated aspects in divorce. To make sure you get your fair share of the marital property, contact Robert Schmit. During a free initial consultation, he will listen to your story, explain the process and interpret relevant state-specific laws in plain language.
Mr. Schmit's office is located near the Lake Katherine Nature Preserve in Palos Heights, Illinois. A tough legal advocate at the negotiation table or in the courtroom, Robert Schmit represents men and women in the southwest suburbs of Chicago and throughout Cook County. Evening consultations are available on request.
