Protecting Your Property Interests In Your Divorce

Property division is one of the most complex, and often contentious, issues to be sorted out in a divorce. If you are facing divorce, the property division settlement will likely have a significant impact on your financial standing today and for the rest of your life.

At Ryan Family Law P.C., in Elgin, Illinois, our attorneys provide experienced property division representation to clients living in the Fox Valley area. We have represented clients who have had substantial assets to divorce, as well as those couples who are just starting out in life. We are committed to protecting our clients' rights and finances in throughout the divorce proceedings.

How Courts Handle The Division Of Marital Property

Illinois is an equitable distribution state, meaning property and debt are to be divided in a manner that is fair and equitable. This does not necessarily mean "equal." While the property division starts with a presumption of a 50-50 split, a number of factors can lead to an unequal split. Those factors include:

  • The contribution of each spouse to the marital property
  • The amount and value of nonmarital property
  • The length of the marriage
  • The age and health of each spouse
  • The financial circumstances of each spouse at the termination of marriage
  • Prenuptial and postnuptial agreements

Before property can be divided, it must be identified and valued. Our attorneys are prepared to handle complex property division matters, including the valuation and distribution of business assets, professional practices, real estate, retirement assets and more.

There are many occasions throughout the process where you and your spouse may significantly disagree about the status of certain property. It is our goal to help you find common ground, and if this is not possible, act as strong advocates for you in mediation and litigation.

Learn More About Our Family Law Services

If you find yourself facing a divorce, you should not try to handle your case without first talking to one of our experienced lawyers. We can help you protect the things most important to you. To schedule a free, half-hour consultation, please call our office at 847-586-0161 or send us an email.