Serving Lake County · McHenry County · Cook County · Kane County · DuPage County Area Residents
If you are going through a divorce, all of the assets you have worked hard to build during your marriage could be subject to division between you and your spouse. It is important to hire a lawyer who is prepared to take the right steps to protect your interests through this process.
I am an experienced lawyer, located in Barrington, Illinois. I have more than 35 years of legal experience. I have the requisite experience and insight to be an effective and assertive advocate pursuing a fair and appropriate property division settlement or divorce judgment on your behalf.
Understanding How Assets and Debts Are Divided in Illinois
Under Illinois law, assets acquired by either spouse during their marriage — from the family home to retirement and pension benefits — are considered to be marital property and subject to division as part of the divorce process. Inheritance and gifts are generally not considered marital property. Likewise, marital debts must also be divided in divorce.
Illinois follows the principle of equitable distribution, which means that marital assets and debts need to be divided fairly in divorce. This does not necessarily mean a 50/50 split.
There are many factors that go into how judges decide property division cases, and all of these factors need to be considered when negotiating divorce settlements. The process can be particularly complex for high net worth individuals and couples.
I have extensive experience helping clients protect their assets and limit their exposure to marital debts in divorce. I am prepared to aggressively litigate these issues in court, and I am also highly adept at working in alternative dispute resolution environments.
Contact an Experienced Illinois Asset Division Attorney Today
Whether you are concerned about who will get the house, what will happen to your retirement savings or any other property division issue, I can help you pursue a positive outcome. Contact my firm, Law Offices of Alexandra M. Goddard, today at 847.382.3995 or send me an e-mail to schedule a consultation. Evening and weekend appointments are available.
