Naperville Property Division Attorney

Skilled Divorce Lawyers for Complex Asset Allocation in DuPage County, IL

Property division in a divorce means that the couple must find a fair and equitable way to divide the assets and debts that were accumulated or incurred during the marriage. In most marriages, the assets fall into three areas: the equity in the family home, checking and savings accounts, and retirement accounts.

The Law Office of Ronald L. Hendrix, P.C., is experienced in helping spouses navigate the difficult components of a divorce involving asset division. One of the most important decisions you can make is to determine your personal and financial goals after the divorce and then structure the division of assets in a manner that allows both parties to meet their best interests and those of their children. Attorney Ronald L. Hendrix has been an attorney since 1985 and is skilled in conflict resolution, including mediation, the collaborative law approach, and traditional litigation. His formal education — a Master of Arts degree in guidance and counseling — uniquely qualifies him to provide sound counsel and solid support to a family going through divorce.

To schedule a free initial consultation with an Illinois lawyer who is experienced and knowledgeable in property division, call our Naperville law office at 630-355-7776 or 815-722-7050. We serve divorce clients throughout the Chicago area, including DuPage and Will County communities like Bolingbrook, Wheaton, and Aurora.

What To Do With The Family Home in an Illinois Divorce

We have helped many clients struggling with debt during divorce. One of the biggest issues facing divorcing couples is what to do with the family home. Due to the recent economic downturn, your home may not be worth what you paid for it, or it simply may not be a good time to sell. The house you bought as an investment for the future may now be underwater. If you decide you no longer wish to live in the home or cannot afford the payments as a divorced single, you need to know the options that are available to you so you can make informed decisions.

There are options in divorce when it comes to dividing the assets. For instance, some couples are electing to continue to own the family home together until the market improves, and this may coincide with the parties' interests in maintaining a familiar environment for the children during this difficult time. Or the division of assets may be structured in a manner to allow one ex-spouse to maintain the family home as his or her own property following the divorce. We can discuss your case with you and advise you of the best path for your financial future.

How Are Debts Divided in Illinois Divorces?

Assets, such as the equity in the family home, checking and savings accounts, and retirement accounts, as well as debts such as credit cards, must all be divided fairly and equitably. If your divorce goes to court, the judge will divide up your debts according to the principle of equitable distribution, taking into account the financial resources of each spouse.

In order to make important financial decisions during a divorce, you must know what your goals and interests are after the divorce. At the Law Office of Ronald L. Hendrix, P.C., we listen carefully to our clients and strive to meet their goals and interests during divorce. We remember one simple fact that many attorneys forget: It is your divorce, not our divorce!

Contact Our Property Division Lawyer In Naperville, Illinois

We are available for free initial consultations weekdays and at other times by appointment. Contact our Naperville, IL asset division attorneys online or call 630-355-7776 or 815-722-7050 today.