Illinois Marital Property Attorney: Asset Division
In Illinois, divorcing couples must equitably divide marital assets and debts. The attorneys of Polinske & Associates, P.C. in Edwardsville are experienced in representing clients in the property division aspect of divorce.
We advise and represent clients in all aspects of property division, including:
- Real estate
- Investment portfolios
- Retirement accounts and pensions
- Stock options
- Bonuses and commissions earned during marriage
- Secured and unsecured debt
- Business interests
The law says that property must be divided equitably. That does not mean it must always be divided 50/50. We will work with you to identify your goals. Then we will pursue a positive outcome in your case through negotiation or litigation.
Separate Property and Marital Property
Gifts, inheritances and property owned by one party before the marriage are considered separate property and, in most cases, remain the property of the individual. In some cases separate property can become marital property, and be subject to equitable distribution. For example, if you deposit and inheritance into a joint bank account it will likely be considered marital property.
Throughout the process, our lawyers will perform an ongoing cost-benefit analysis, so you know, for example, that fighting to obtain a piece of property worth $200 may cost you $1,000 in legal fees. We give you the information you need to make intelligent decisions based on your own values and priorities. Clients appreciate our straightforward, no-nonsense approach.
In some cases one party may have dissipated marital assets. For example, a husband may have given lavish gifts to a mistress or taken her on an expensive vacation -- all paid for out of marital assets. When those expenditures can be documented, we will seek to bring them back into the marital estate.
Contact Our Edwardsville Division of Assets Attorney
To arrange a consultation about your specific concerns, please contact our law office by e-mail, call us at 618-505-4213.