Property division is often one of the most complex matters associated with a divorce. Determining which property is marital property and what is an equitable distribution of that property can be contentious and may require the help of professionals in a number of disciplines. At the law firm of Sullivan Taylor, Gumina & Palmer, P.C., in Naperville, Illinois, we have extensive experience handling simple and complex property division matters for clients throughout Cook County, DuPage County, Kane County, Will County, DeKalb County and Kendall County. Our firm regularly works with accountants, forensic accounts, certified business appraisers, and other experts in determining the debts and assets involved in a division of marital property.
Understand what is involved and what you could potentially face in terms of the division of your retirement fund, home, stocks, bank accounts, and debts - contact the law firm of Sullivan Taylor, Gumina & Palmer, P.C. today.
Typically, marital property consists of any property that was acquired during the marriage. Non-marital property consists of inheritances, gifts, and property owned prior to the marriage and maintained as separate property throughout the marriage. If you or your spouse owns a business, it will need to be evaluated and its assets divided appropriately. Our attorneys have significant experience helping our clients determine what is, and what is not marital property.
In addition we recognize that many of the decisions made during a divorce can have significant financial and tax implications. Issues such as "who gets the house" and "who is responsible for the debts" can have significant impact on our clients' future financial well being.
We understand that determining the value of marital property can be difficult. Determining the value of a retirement fund, 401K, non-vested stock options, and closely held or family businesses can require the services of professional business evaluators, accountants, and real estate appraisers. In addition, we work with forensic accountants to help us discover any assets that a spouse may be hiding. Our firm regularly works with professionals in a variety of disciplines to help us determine a fair division of marital assets. We have significant experience handling Qualified Domestic Relations Orders and other methods of protecting our clients' long term-financial interests.
If you have any questions about property division or Qualified Domestic Relations Orders, please contact the Naperville family lawyers at Sullivan Taylor, Gumina & Palmer, P.C. We can be reached by phone at (630) 756-5112 or by filling out the in-take form on our Contact Us page.