Property Division

Libertyville Property Division Lawyer

Vernon Hills Property Settlement Attorney

One of the most contentious issues in divorce is the property division. Pursuant to the Illinois Marriage and Dissolution of Marriage Act, there are numerous factors that the court can take into consideration in dividing property. As my client, I want you to clearly understand those factors and how they apply to your case.

Based upon the thousands of hours I have spent presenting cases at the Lake County court house, I can give you solid information on the range of what the court might do if called upon to decide the property issues in your case. Having this information from the very beginning of your case definitely puts you at a distinct advantage.

As a family law attorney for over 20 years, I have the experience in property division matters to help you thoroughly and fairly acquire property during the divorce process. Once property division agreements are made, they are almost always permanent. That is why it is important that you contact me for a Libertyville property division lawyer.

At The Law Office of Cynthia L. Lazar, I give my clients the option to approach property division matters in a collaborative manner. At the same time, I understand that litigation may be the only option in some cases. However, I do advise my clients to consider a collaborative divorce agreement or mediation that can sometimes be less time-consuming and less costly.

Equitable Division Of Marital Property

In Illinois, property acquired during the marriage is classified as marital property subject to division during a divorce (there are some exceptions). Generally, property acquired before the marriage, nonmarital property, is not subject to division. What can complicate matters includes improvements on a home during marriage, extensive assets/portfolios, small businesses/sole proprietorships, or hidden assets.

As your attorney, I will negotiate with the other party what assets are marital and nonmarital. From there, the negotiation process would become one over how this marital property is to be divided. Assets that are often discussed include:

  • Investments, stocks, bonds and mutual funds
  • Bank accounts
  • Real estate
  • Personal property
  • Business property
  • Pensions and other retirement funds

Division Of Debts/Liabilities

It is important to understand that you are not just dividing assets, but also any debts incurred during the marriage. You need an experienced attorney to help you understand what debts you owe and how this should be divided with your former spouse. Working with an attorney, who strives to preserve relationships while still zealously advocating for your rights, can make all the difference in the resolution of your divorce settlement agreement.

Contact Me

Contact me for a Vernon Hills property settlement attorney if property division is an issue in your divorce. If you are in Lake County you can reach me at 847-680-8520. I will help you reach a solution that is in the best interests of all involved.