Division of Assets

Krentz, Salfisberg & Swanson Haggard. P.C.

Phone (630)-552-8213

 

100 W. Main Street Plano, IL 60545

Real Estate Law

Real Estate Law

Estate Planning

Estate Planning

Family Law

Family Law

Illinois is an “equitable division” state, meaning it requires assets to be divided equitably, not referring to a specific formula. The court looks at many factors when dividing assets to each spouse. Division of assets is especially complicated if a prenuptial agreement has not been in place. We will work to ensure you receive an equitable division of your marital assets.
Marital Assets in Illinois

In Illinois, the property acquired by either spouse during the marriage is presumed to be “marital property” and will be included in the division of assets. Even investments, property, or income that is under one spouse’s name can still be divided equally amongst both spouses, regardless of whose name it is under.

Common Examples of Marital Property:

Pensions, 401Ks, retirement plans
Bank and investment accounts
Homes and leisure homes
Vehicles
Household furniture
Stocks
Business and partnership interests

How We Can Help You

With over 58 years of experience, our attorneys at Krentz, Salfisberg & Swanson Haggard are highly experienced in this area of law. Contact us today to discuss specific factors in your case and answer your questions with a free consultation. We are here to get you the property settlement you deserve.

Family Law Attorneys

Family Law is a large general practice area

This includes

  • Paternity Matters
  • Grandparent Visitation
  • Guardianship
  • Divorce Representation
  • Divorce Mediation
  • Child Custody
  • Child Support

As well as

  • Visitation
  • Division of Marital Assets
  • Prenuptial Agreements
  • Postnuptial Agreements
  • Alimony & Maintenance

Cohabitation Agreements and spousal support are important factors to consider as well.

It does not matter what your legal concerns may be, we can help you find the best way to approach family issues and any subsequent matters, to ensure a supportive and less stressful process.

It does not matter what your legal concerns may be, we can help you find the best way to approach family issues and any subsequent matters, to ensure a supportive and less stressful process.