Property Division

Property Division AttorenyOf all the aspects of a divorce, one of the most heated matters is working out an appropriate way to divide your marital property. Regardless of the duration of marriage and how bad it was, it is imperative that both spouses get a fair share of the assets. However, determining an equitable settlement and finding the best way to split up the marital property and assets can be a daunting task.
At Keller Legal Services, we know that a divorce brings with itself emotional turmoil and turns it into one of the most difficult events of your life. Even when you and your spouse had an amicable relationship, the subject of division of marital property mostly leads to contentious disagreements. Our property division attorneys have in-depth knowledge and extensive experience under their belt to help you with equitable distribution of assets, keeping you from additional stress and saving significant amount of time.

Our Property Division Legal Services

With our substantial background in the practice area, we provide skilled legal services in the valuation of a diverse range of assets, including:

  • Household furnishings, vehicles, and other real property
  • Stock options
  • Privately held businesses
  • Retirement accounts
  • Real estate holdings
  • Savings accounts
  • Trusts
  • 401k
  • Pensions
  • Health insurance

Our property division attorneys will work closely with you to identify marital and non-marital assets, and secure the separate property, along with resolving any and all disputes put forward by the other party. Using our 25 years of experience, we devise intelligent strategies to provide you with the most benefit over the long and short term.

Marital and Separate Property

In Illinois, marital property includes:

  • Any property or asset purchased or acquired over the course of marriage
  • Any appreciation in the value of a separate property because of the contribution made by either or both spouses during their marriage
  • Retirement benefits that are owned by one or both partners

Conversely, separate property includes:

  • Any inheritance received by one spouse through a will, regardless of whether it is during the marriage
  • Property or asset acquired before the marriage
  • Assets gained in the form of gifts
  • Compensation awarded to one spouse in a personal injury claim
  • Appreciation in the value of any property in which the other spouse made no contribution during the marriage

Understanding whether the asset or property you have is marital or separate can be confusing at times, because of the intricacies involved in the determination of their nature. When you schedule a consultation with Keller Legal Services, you get to work with an experienced and supportive attorney who carefully listens to you and thoroughly studies the details of your case. We perform exhaustive valuation of your assets and educate you to ensure that your expectations are in line with what is and is not allowed under Illinois law.

Experienced Kane & DuPage County Property Division Attorneys

Contact one of our experienced family law attorneys for a free initial consultation by contacting the firm online or by calling us at 630-868-3093.