Under Illinois law, courts consider the equitable distribution of property in divorce cases. This may or may not result in an equal division of property in the event of a divorce. Many complex issues are often involved in the division of property, including whether the property in question is classified as marital or non-marital in nature, determining real and personal property valuation, whether a spouse has dissipated marital resources for non-marital purposes, the existence of a prenuptial or postnuptial agreement, and whether any tax consequences may result from property division.
Jennifer L. Lavin, P.C. is experienced in resolving property division issues in divorce cases involving financial estates at all economic levels. Please contact me at (312) 919-8857 to schedule a complimentary consultation to discuss your property-related questions.