Protecting Your Property During Divorce
If you are going through a divorce, you are likely concerned about how the dissolution of your marriage will affect your property and finances. You want to ensure that you will be able to continue supporting yourself and your children after the divorce.
The attorneys at LeVine, Ehrman & Horberg Ltd., have been practicing divorce and family law for a combined 80 years. We fight hard for our clients’ best interests.
Setting Expectations For Equitable Distribution
Illinois is an equitable distribution state, which means that the marital estate will be divided equitably, but not necessarily 50-50. Usually, anything you owned before you were married will not be subject to division during divorce proceedings. However, the courts will consider all assets and debt accumulated after you were married.
Our team can help with asset division and debt distribution while protecting your financial security. Examples of marital property and debts include:
- Your home and any other real estate
- Cars, boats and other vehicles
- Savings and checking accounts
- Stocks, bonds and investments
- Pension plans and retirement accounts
- Furniture and personal property
- Valuable collections or antiques
- Joint credit card debts
- Car loans and other secured or unsecured loans
- Home mortgage, home equity line of credit and other home loans
- Other unpaid bills
Many factors can affect the judge’s decision, including the age and health of each spouse, length of the marriage and respective earning capacities. The judge may also consider nonfinancial contributions made by each spouse, or missed academic or career opportunities. Placing these considerations in the right light can be critical, which means that having an experienced legal advocate can have a significant outcome on your case.
Ready To Defend Your Interests In Court
While you can save money by agreeing to a settlement outside of court, it is not always in your best interests to do so, particularly if your spouse believes that he or she is entitled to more than an equitable share of the marital estate. At LeVine, Ehrman & Horberg Ltd., we will take all your needs into account before advising you. For both modest and high-asset marital estates, we work aggressively to meet your goals and defend your property.