Assisting Families With The Division Of Assets

When you divorce, your financial future is an important item to consider. How your assets are divided can cause some concern and disputes. At P. Ann O'Connell Law, Ltd., we negotiate on your behalf in order to help you seek fair ownership of what matters most to you and secure your financial future during the divorce process.

Understanding Divorce Property Division

Illinois law requires marital property to be divided in just proportions. Marital property is generally thought of as any property acquired during the marriage, but with certain exceptions such as gifts and inherited assets.

Marital assets divided often include:

  • Real estate and land
  • Retirement and investment accounts
  • Stocks and bonds
  • Business assets and interests
  • Bank account balances
  • Deferred income
  • Debts
  • Antiques and collectibles
  • Memberships

If you and your spouse had a prenuptial agreement in place, some items may be detailed in your arrangement. It is possible to challenge the agreement if circumstances changed. Our attorney has ample litigation experience and can assist you if you would like to dispute your agreement.

Guiding You Through The Process

While the nonmarital property is often exempt from division upon the dissolution of your marriage, it may be taken into consideration by the courts when distributing property. The court considers several factors when making their decision and it is possible for an individual with substantial nonmarital property to receive less marital property as a balance.

Helping You Keep What You Care About Most

Our lawyer strives to make the complex and often complicated process of property settlement as swift and reasonable as possible. She will help you understand the value of your assets, what is at stake and will negotiate on your behalf. If you are in need of a divorce attorney, contact us today. Call our office at 847-859-5453 to set up a free consultation. Located in Evanston, we serve individuals and families throughout North Cook County and Lake County in Illinois.