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There a number of reasons that an individual involved in divorce in Illinois may own assets outside of the country. Jointly held business debt. Real estate attorneys in chicago area. Sometimes determining what portion of a particular asset is marital or non-marital can be complex and depends on a variety of factors. For example, it is more likely to award assets to lieu of maintenance in cases where the assets are income-producing. The tax circumstances of the property division. Professional Counsel for Divorce Cases Involving International Assets.

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Reconciliation efforts have failed or would be futile. Term is based upon the length of the marriage. So too are any debts associated with properties that were acquired before the couple was married. He not only understood the law, but could see the areas where we could negotiate with my ex and her lawyer. However, this is still a relatively new practice area and, as such, new legal obstacles still arise. After divorce, the court may order a person to offer financial support to their spouse. Negotiating the division of assets during divorce can be hard, but with A. Traub & Associates on your side, you will have skilled legal counsel fighting for what is rightfully yours. Child Support and Custody. Property Division Attorney | Asset & Debt Division Lawyer | Kezy & Associates | Illinois. Just because a debt occurred during the marriage, however, does not automatically make it a martial debt. Property division can be one of the most emotionally and financially trying aspects of a divorce, especially for those with a higher net worth. Your divorce is final as of the date the court signs the order. At the Law Offices of Scott D. Rogoff in Des Plaines, we provide experienced and dedicated legal advice and representation with respect to all family law matters, including divorce, child custody, child support, paternity, and domestic violence. High net worth couples will often share significant marital assets and multiple income sources, which leads to a far more complex divorce.

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If you decide you no longer wish to live in the home or cannot afford the payments as a divorced single, you need to know the options that are available to you so you can make informed decisions. Virtual Consultations Available. Establishing legal paternity gives a father certain rights and responsibilities in regard to his child. There are some cases where divorcing couples may be able to divide their property in half, giving 50% of the assets to each spouse. Whether any restriction on parenting time is appropriate. He went out of his way for me numerous times and I truly appreciate all his help and advice throughout the process. Property division lawyers in chicago city. Property acquired by one spouse after separation. Some of those debts are joint debts and some are separate debts. Most family legal matters should be handled by an experienced family law attorney to offer a clear insight into the current regulations and rules for family law in the greater Chicagoland area. We have years of experience assisting Chicago families to devise workable and fair alimony agreements. Get Answers To Your Questions About Marital Property Division. Contact our Chicago offices at (312) 252-2085 or schedule an online consultation to kick-start the process. An equitable division of marital property is not necessarily an equal division, although it may certainly work out that way in some cases. For instance, the spouse who is given physical or sole allocation of the children may be given ownership of the family home in order to provide a secure and healthy living environment.

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Serrano Hanson provides representation to clients throughout Kane, Kendall, DeKalb, and DuPage Counties, including Geneva, St. Charles, Batavia, South Elgin, and Campton Hills. Any result in a single case is not meant to create an expectation of similar results in future matters because each case involves many different factors, therefore, results will differ on a case-by-case basis. Chicago Divorce Lawyers. Can Cohabitation Lead To Termination Of Spousal Maintenance? The laws applying to divorce and property division in Illinois dictate that all marital property including assets and debts be divided equitably rather than equally. Any other relevant economic circumstances. Moreover, conditions surrounding child allocation, child support, and spousal maintenance may also play a role in determining the division of property.

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The court, however, cannot sign the Judgment for Dissolution of Marriage until there has been a minimum of a six month separation. The division of property is often the most contentious and complicated issue in a divorce. Complex debts and liabilities. Property damage lawyers chicago. Asset Division: Dividing assets can be a difficult and painful process, especially when higher-earning and higher-net-worth couples separate. Whether the case is straightforward or complex, our goal is to help our clients achieve arrangements that fit their needs and objectives. Simplified Divorce Procedure in Chicago, Illinois. Or the division of assets may be structured in a manner to allow one ex-spouse to maintain the family home as his or her own property following the divorce.

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Adoption - Cook County adoption cases are handled by the County Division, which is located at the Daley Center. Division of Property and Assets Attorneys Serving Kane, DeKalb, Kendall, and DuPage Counties. Any other factor that the Court expressly finds to be just and equitable. During the equitable division of marital assets, all marital property will be divided between spouses in "just proportions. " However, because you are legally still married, you must still indicate as such on legal forms, and you may not yet remarry. Have more questions about your upcoming divorce? High Net Worth & Assets Divorce Attorney | Chicago Illinois. Non-marital property is generally any property that one spouse owned or acquired before the marriage or property which was acquired during the marriage by inheritance or gift. The Unique Challenges of a Same-Sex Divorce.

Marital debts should also be equitably divided between the spouses. Whether your divorce case needs to be litigated in court, or resolved through alternative dispute resolution methods, Stange Law Firm, PC has the legal staff and resources to our family law office in Rolling Meadows, Illinois in Cook County, we are able to serve residents in Chicago, IL and in the surrounding areas, with a wide range of family law matters, including: COMMON DIVORCE QUESTIONS IN ILLINOIS. In the state of Illinois, divorce and marriage dissolution are one and the same. Collaborative law is a new term used to define various types of dispute resolution outside the courts. How can the Chicago family lawyers help? We understand that it can be stressful to divide personal property, but while minimizing contention between divorcing spouses is important, it is also essential to make a clear and effective claim to that which each party is entitled. Any individual who is preparing to enter a high net worth divorce will want to make sure they are working with a skilled divorce attorney who has experience with many of the complex and individualized issues that can arise in high net worth divorces. Representing you in court to fight for your desired terms. Spousal support/alimony is referred to as "maintenance" in Illinois pursuant to the statute. Unusual Financial Transactions — If your spouse is suddenly purchasing expensive luxury items, giving money to friends or family, or conducting unusual financial transactions, these could all be signs they are getting ready to try and hide their assets. Contrary to the popular belief, you can resolve your family battles outside courts with the help of a good lawyer. Yes, pursuant to the statute, if the party receiving maintenance gets remarried (or cohabitates), maintenance terminates. Whether the apportionment is in lieu of or in addition to spousal maintenance. Prenups or Postnups.

A few of the most common signs that a spouse may be attempting to hide assets or lie about finances during a divorce include: - Secretive Behavior — You should be concerned when a spouse begins hiding financial documents, changes their online banking passwords, deletes computer files, begins rerouting personal mail to a P. O. box, or otherwise becomes secretive about numerous financial concerns. Your situation, like all cases, brings a unique set of circumstances that must be addressed, and our team is prepared to help you in achieving the solutions that meet your needs. The standard of living the child would have enjoyed had the marriage not been dissolved. This can help parties avoid battles in courts, and is always cheaper than a child custody or support trial. We understand the emotional challenges a same-sex divorce might present, especially for parents, so you can rely on us to give you the personalized attention and tailored solutions you need. Custody & Visitation: Our team is committed to establishing living and parental arrangements that are best suited to your child's wellbeing, as well as help to maintain your continued relationship with your kids. Foster Care/ Adoption Cases. Call our firm at (312) 565-4100 today to explore your options.

The Best Ways Clients Can Minimize Divorce Attorney Fees. As an equitable distribution state, Illinois law does not require assets to be split equally in a divorce. The court will weigh many factors when determining what goes to each partner, including the following: - What each partner brought into the marriage; - The duration of the marriage; - The ability of both parties to earn an income; - The custody arrangements; and. Our spousal support lawyers in Chicago have represented many spouses over several decades, giving our firm a focused approach to providing solutions for our clients.

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