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Rolling Meadows Division of Marital Assets Lawyer

Palatine Illinois division of assets attorney

Are you unsure about how issues related to the division of marital assets will be handled during your divorce? For instance, if you owned your house before your marriage, and a joint checking account pays the mortgage, is the house considered a non-marital asset? The Law Office of Nicholas W. Richardson, P.C. can help you understand your rights regarding the equitable distribution of marital assets, and we will work with you to determine the best ways to protect your rights and interests throughout the divorce process.

Nicholas W. Richardson will listen closely to your concerns. He will take the time to thoroughly examine the assets that will be need to be addressed during your divorce, and he will help you distinguish between the possessions that are considered to be marital or non-marital. If any commingling of assets has occurred, he can make a special effort to distinguish between different types of assets or determine whether the marital estate will need to be reimbursed for contributions made to non-marital assets.

Are you struggling to finalize your Illinois divorce due to disagreements about the division of your marital property? Skilled Palatine family law attorney Nicholas W. Richardson can help. Contact our office today to set up a free initial consultation. Call 847.873.6741.

Protecting Your Rights and Financial Investments

Before the marital estate can be divided, each asset owned by a couple must be identified as marital or non-marital. Nonmarital assets may include:

  • Gifts given to one spouse
  • Inheritances received from family members or other loved ones
  • Property that either spouse acquired before getting married
  • Assets excluded from the marital estate by a prenuptial or postnuptial agreement

The marital estate will include any assets or debts acquired after a couple was married and before they were legally separated, regardless of which spouse made purchases, whether assets are titled solely in one spouse's name, or who earned the majority of the couple's income. All assets and debts in the marital estate must be divided between the spouses according to the principle of "equitable distribution." While an equal division is not required, each spouse must receive a fair and just portion of marital assets.

Palatine Divorce Asset Division Attorney

There are a variety of complex issues that can play a role in decisions about the division of marital property. Contentious disputes can arise when spouses disagree about ownership of assets that have sentimental value for both parties. In some cases, a person may need to address concerns that their spouse has attempted to hide certain types of assets and avoid dividing them during the divorce process. A person may need to determine whether asset dissipation has occurred in which the other party used marital assets for non-marital purposes, such as to buy gifts for someone else during an extramarital affair. If complex property-related issues or financial concerns arise as you proceed with the divorce process, Nicholas W. Richardson will work to preserve your assets, and he will help you take steps to protect your financial interests as you work to resolve disputes about marital property.

Contact Our Arlington Heights Marital Property Division Lawyer

To get legal help with the division of marital assets and ensure that your rights will be protected throughout the divorce process, contact The Law Office of Nicholas W. Richardson, P.C. Attorney Richardson has the experience needed to help you achieve positive results.

Call 847.873.6741. We respond promptly to your emails, voice mails, faxes, and click-to-chat messages left after business hours. We serve clients in Palatine, Barrington, Schaumburg, Arlington Heights, Rolling Meadows, Cook County, and DuPage County.

Introducing The Law Office of Nicholas W. Richardson

Nicholas W. Richardson is an experienced divorce lawyer and mediator whose comprehensive legal knowledge, commitment to clients and reputation for results bring lasting solutions to your problems.

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