Experienced Illinois Division of Property Divorce Attorneys
One of the most tedious elements of divorce proceedings is dividing marital property. Illinois is an equitable distribution state, which means that a couple’s assets do not need to be divided exactly 50-50, but they should be divided fairly and “equitably.” At the Law Offices of Peter M. DeLongis, Ltd., we are experienced in handling property division issues. We help clients achieve an equitable resolution to their divorce through mediation, negotiation, and litigation.
Skilled Division of Property Representation
The first step in the property division process is separating marital and non-marital property. Marital property is subject to division in divorce proceedings, but non-marital property is exempt. Marital property includes any assets acquired during the marriage. Examples of non-marital property include:
- Property and assets owned by one spouse before the marriage
- Gifts given to one spouse during the marriage
- An inheritance received by one spouse during the marriage
- Property excluded by a pre-nuptial or post-nuptial agreement
Property division disputes are often centered on what is defined as marital property. Attorney Peter M. DeLongis is skilled in working through the property division process. He can help you understand what is and is not considered marital property in your marriage and effectively argue on your behalf in court.
When negotiating or litigating property division issues, it is important to consider the big picture. We work closely with our clients to understand their financial objectives, and we help our clients strategize to achieve both short-term and long-term financial goals for themselves and their families.
If you are considering a divorce or have already begun divorce proceedings, contact us to schedule a consultation to discuss your situation. We will help you understand what to expect from the divorce process and answer all of your division of property questions. We work with clients throughout the Chicagoland area including DuPage, Cook , Kane, and Will Counties.