Cook County Marital vs. Non-Marital Property Attorney
While property division might seem like a straightforward process on its surface, it is often a hotly disputed area in most divorces. Issues such as proper valuation and marital property versus non-marital property can be debated by both parties. In these situations, it is wise to seek the counsel of an experienced Northbrook marital property division attorney.
At the Law Offices of Edward I. Stein, we understand the emotion, frustration and anger that can accompany a divorce proceeding. Even if the parties are in agreement on many aspects of the marital settlement, the division of property can put a great strain on both mediations and trial litigation. We are confident in our ability to effectively guide our clients through all phases of this process.
Property in a marriage is categorized in one of two ways:
- Marital: Marital property is all property acquired during the marriage such as a house, vehicles or investments made in both party's names.
- Non-marital: Non-marital property is typically defined as assets owned before the marriage, received as a gift during the marriage or acquired through an inheritance. It is possible to keep property separate during a marriage by the use of a prenuptial or postnuptial agreement.
Our firm will go to work immediately to investigate every aspect of your property to accurately assess whether those assets will be considered marital or non-marital. For marital property, we have built a network of experts whom we trust to conduct a proper business valuation, as well as the valuation of other assets. Trust our lawyers to guide you through the process while making every effort to ensure you receive a beneficial settlement in your property division.
Contact Our Firm
If you have questions regarding marital and non-marital property in Illinois, contact the Law Offices of Edward I. Stein to schedule a consultation. In addition to our main office in Northbrook, we maintain offices in Deerfield, Skokie and Chicago for use by appointment. Call us at 847-480-9090 or contact us via this website.