Kendall County Property Division Attorney
Determining Marital and Nonmarital Property in a Divorce
If and when a divorce is litigated, a judge looks at a variety of case-specific circumstances in order to determine the "equitable division of the marital estate."
The marital estate is defined as all property acquired during the course of a marriage. Property acquired prior to marriage is considered nonmarital property and is not divided. That said, certain exceptions are made for specific types of inheritances or gifts to one individual party during the course of a marriage. That said, even inherited assets can become part of the marital estate if commingled. Inherited funds kept in a joint bank account can be considered marital. A particular addition made after a marriage to property purchased prior to marriage can also be considered marital property.
Similar considerations may apply to debts and liabilities as well. If you are facing property division issues, it is critical to partner with a skilled attorney who is versed at valuing even the most complex assets.
Aurora and St. Charles Nonmarital Property Division Attorney
For nearly a decade I have been working on complex marital division issues. Regardless of the issues you face, I am ready to help you reach an ideal resolution.
I have extensive experience valuing and dividing even the most complex types of assets, including:
- Real estate
- Vehicles
- Investment portfolios
- Retirement accounts and pensions
- Stock options
- Bonuses and commissions earned during marriage
- Secured and unsecured debt
- Business interests
- Possessions
Because an ideal outcome is dependent on decisive action, I encourage you to reach out.
To schedule a consultation to discuss property rights in divorce with Naperville marital property division attorney, Matthew M. Williams, call 630-409-8184 or e-mail the Law Office of Matthew M. Williams, P.C.