Property Division

DuPage County, Illinois, Marital Property Division Attorney

Dividing marital assets, especially after a long marriage, can be difficult and contentious. Your divorce lawyer can help you determine what is marital property and what is an equitable distribution of assets. Contact the divorce attorneys at the law office of Kathryn L. Harry & Associates, P.C. to arrange a free consultation and explanation of your rights.

Most divorces are quite different and there are a multitude of complexities to consider. There is no "typical" divorce. Some cases involves a union of many years with considerable marital property, both personal property and real estate, children, large or concealed debts, joint and separate accounts, investments, insurance, pensions, retirement benefits, and other assets. Other cases are less complex. In Illinois, property is characterized as either marital property, non-marital property, or a combination of both depending upon the circumstances in which it was acquired, how it was titled or held, and how it was handled during the marriage.

One of the most challenging, time consuming, yet important parts of the division of marital assets is first determining what is classified as “marital property” and “non-marital property"." Kathryn L. Harry & Associates, P.C. will work with you to identify what marital property which is subject for division, and what is equitable non-marital property. Each case is different. By listening to your unique needs and interests, they will develop a solution that meets your objectives.

The firm will help you conduct a thorough discovery of assets and debts and provide a full and fair assessment of the property in question. They will assess tax issues, conduct business valuations, evaluate prenuptial agreements, perform an asset locator searches, and take all steps necessary to identify marital property.

Other factors that must be considered when developing a fair property division settlement include are considered by the court are length of marriage, age of the spouses, who contributed to the property, whether the property was commingled, other non-marital assets, and the cost of maintenance for a lifestyle to which both parties have grown accustomed.

Property agreements must be fair and equitable. Kathryn L. Harry & Associates, P.C. has over 15 years experience drafting final settlement agreements and other legal documents related to property division. They seek to carefully resolve their clients’ property issues so that they will be secure in the final resolution and able to move forward with the rest of their lives.

In addition to monetary assets and tangible, physical property, they also understand how precious their clients’ pets are. Pets are like members of the family. The attorney will work with their clients to draft an agreement that is respectful of their your rights as pet owners.

You can trust the divorce lawyers at the law office of Kathryn L. Harry & Associates, P.C. to provide you with a well-crafted agreement in order to avoid future problems. Contact them today to discuss the fair division of your marital property.