Skilled Legal Advocacy During Complex Property Division
Dividing assets is among the more time-consuming aspects of divorce. But it is worth it to take the time and get things right because the way in which your property is divided will have a short-term and long-term impact on your financial security and standard of living.
Most family law attorneys are comfortable representing clients with modest, straightforward assets. But in cases involving significant or complex assets, it’s important to work with an attorney who has considerable knowledge and skill in property division. You can find those attorneys at Neubauer, Johnston & Hudson, P.C.
Ensuring Fairness And Protecting What’s Important To You
Illinois follows the “equitable distribution” model, which is in line with most other states. Under this model, all marital property must be divided equitably (fairly), which doesn’t always mean equally.
While this might sound like a reason for concern, we can actually use it to your advantage when negotiating for the assets that are most important to you. If you are the owner of a small business that your spouse has no part in, for instance, we can likely help you trade other assets for your spouse’s financial stake in the business, therefore keeping it intact and under your sole ownership.
We can also help you negotiate for or fairly divide other complex assets, including:
- The marital residence
- Other real estate (vacation homes, rental properties, etc.)
- Retirement funds (IRAs, 401(k) accounts and savings accounts)
- A valuable personal collection
- A diverse investment portfolio
- Vehicles (cars, boats, recreational vehicles, etc.)
Our attorneys take the time to get to know you and understand what is most important to your long-term success and comfort. We will then advocate strongly to protect those interests during negotiations or litigation.
We can also help you contest what is considered marital property vs. separate property. Although the rule of thumb is based on when the property was acquired (before marriage vs. during marriage), there are exceptions to this rule. If we can get a specific asset classified as separate property, it will not be subject to division in divorce (it may still be considered for purposes of spousal maintenance, however).
Talk To Attorneys Who Get To Know You And Your Goals
At Neubauer, Johnston & Hudson, P.C., our commitment to client service starts with understanding your needs and goals in any family law matter. To that end, we offer a free initial consultation so that you can discuss your options and determine if we are a good fit for you.