St. Charles, IL Property Division Lawyers
Experienced Divorce Attorneys Serving Crystal Lake, Huntley, Algonquin, and Elgin, IL
Division of property is one of the most multifaceted aspects of a divorce. Years of joint purchases, banking, investments, and debt must be separated from non-joint earnings and assets. Everything must then be properly valued and equitably divided. At Pucci Pirtle, we have the experience and resources needed to accurately value your marital estate. Our attorneys are committed to your future, and we will assertively work toward the most favorable settlement for your high asset divorce. We offer the personalized, comprehensive legal services you deserve.
Marital Assets vs. Non-Marital Assets
Before a marital estate can be valued, marital assets and non-marital assets must be determined. Marital assets include any property, investment, or income acquired during marriage. It does not matter whose name these assets are in, or if they are only owned by one party. Examples include:
- Bank accounts;
- Primary residence;
- Vacation homes;
- Retirement accounts;
- Valuable furniture;
- Stocks and stock options;
- Personal property;
- Investment accounts; and
- Earned income.
Non-marital assets, which are typically excluded from the marital estate, may include assets purchased before the marriage, assets excluded in a prenuptial agreement, single-owner gifts and inheritance, or property/assets that were purchased with non-marital funds. However, non-marital assets can become marital property if they were co-mingled with marital assets. For example, an inheritance or gift placed into a joint bank account may become a marital asset. Our attorneys can help you separate your marital assets from your non-marital assets and explain how to legally and effectively protect your assets during divorce.
Asset Division Law Firm in Elgin and St. Charles, IL
Once assets have been separated, they must then be accurately valued to determine the total value of the marital estate. Our attorneys are highly experienced in performing business valuations, stock and stock purchase plan valuations, and retirement account valuations, among others. We will carefully examine the details of your case, provide thoughtful answers to your questions, address any concerns you may have, and give an honest, straightforward assessment of your situation so that you know what to expect.
If you are filing for divorce, let the experienced legal team at Pucci Pirtle advocate for your needs. We make your future our top priority and work hard to protect it during your high asset divorce. Our attorneys offer free initial consultations and serve clients in DuPage, McHenry, and Kane Counties. To learn how we can help with your divorce, contact us at 847-426-1866 (Elgin, IL) or 630-945-8807 (St. Charles, IL) today.