Divorce is often an emotionally draining experience, but it can also be financially daunting, especially when it comes to the assets you own. Splitting your assets during divorce is often a lengthy process, and it can be very frustrating if you and your ex-spouse get into bitter arguments about who gets what or how certain property should be allocated.
At A. Traub & Associates, our Schaumburg, IL family law attorneys have over a century of combined experience, which has given us a deep understanding of how to handle property disputes. We will tailor our strategy to suit your needs, keeping your best interests at heart when dividing complex assets.
What Are the Most Complex Assets to Divide in a Divorce?
Illinois law dictates that marital property is subject to equitable distribution, while non-marital property is not. Generally speaking, marital property includes any assets that were acquired during the marriage (750 ILCS 5/503). However, some separate property from before the marriage can end up becoming marital property if it is mixed or improved with joint funds.