St. Charles, Illinois High Asset Divorce Lawyers
Attorneys Assisting with High Net Worth Divorce in Crystal Lake, Geneva, and Elgin, IL
Divorces are complex and emotional, but the stakes are much higher with those involving large amounts of assets and property. At Pucci Pirtle, we understand the sensitive nature of high net worth divorces, and we approach each one with the professional and personalized care they deserve. Our attorneys are experienced in handling all facets of high asset divorces, including property division, hidden assets, retirement and asset protection, complex incomes, and business valuations. We provide committed, quality representation and aggressively pursue the most favorable outcome possible.
High Asset Divorce and Division of Property in Illinois
In the State of Illinois, marital property is divided fairly and equitably, but not necessarily equally. This can be problematic for reasons that go beyond the valuation of marital assets and exclusion of non-marital assets. The term fair is an objective one, and it can send couples into long and bitter arguments.
Some may even go so far as to use deceptive practices, such as asset or income hiding, to keep income or assets in which they feel they are entitled. However, the law dictates what is considered fair in a high asset divorce, and it uses a number of factors in making a settlement determination, including:
- Any existing prenuptial or postnuptial agreements;
- Living standards that were established during the marriage;
- The valuation of marital assets;
- Future earning capacity of each party;
- Health, age, and station of each party;
- Needs and liabilities of each party;
- Financial obligations from a prior marriage;
- Length of the marriage;
- Income and property of each party;
- Allocation of parental responsibilities;
- Occupation, employability, and vocational skills of each party;
- Tax issues and considerations; and
- Any other factors that the court deems necessary.
Our attorneys can assist in obtaining fair and accurate valuations for your marital assets, such as businesses, retirement plans, and stock options. If deceptive practices, such as asset hiding or dissipation are suspected, we can take assertive action to bring those assets into discovery. Alternatively, if you have assets that deserve protection, our skilled divorce attorneys can present a compelling argument to the courts and attempt to have them excluded from the marital estate.
Contact Skilled St. Charles and Geneva Divorce Lawyers
If you are planning on filing for divorce, consult Pucci Pirtle and ask how we can help with your unique high asset situation. We will aggressively advocate for you, in and out of the courtroom. We employ honest and open communication so that you always know where you stand. To schedule your free and confidential consultation, contact us at 847-426-1866 (Elgin, IL) or 630-945-8807 (St. Charles, IL) today. We serve clients in Huntley, Crystal Lake, Geneva, Algonquin, Wheaton, and throughout Kane, DuPage, and McHenry Counties.