One factor that is likely to make the already-challenging matter of divorce more so is high assets. Your financial rights are critical to your future, which makes fiercely advocating for an equitable division of your marital property well worth the effort. One of the most important steps you can take toward this end is working in close tandem with an experienced high-asset divorce attorney near you from the start.
In Illinois, those assets that you, your spouse, or both of you together come to own after you’ve married are identified as marital property. This marital property – or its overall value – must be distributed between you equitably upon divorce, which ultimately means fairly in relation to several guiding factors but does not necessarily mean equally. Separate property refers to assets that belonged to either spouse separately prior to marriage, which remains the property of that spouse alone if it’s kept separate throughout the marriage. The matter of keeping separate assets strictly separate is no easy feat, and this fact can further complicate the division of high assets.
It’s only natural for both spouses to want their fair share of their marital assets in the face of divorce, and high assets conjure a range of additional complications that include the following:
When it comes to high assets, all the following factors can prove complicating:
There is a range of factors that guide the equitable division of marital property, including:
High assets are very likely to further complicate the division of marital property, but the distinguished high-asset divorce attorneys at Hammer Serna & Quinn, LLC, are standing by to help secure your financial rights. Learn more by contacting us today.
Call or email Hammer Serna & Quinn, LLC today to schedule a consultation.