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Bolingbrook divorce attorney asset division

One of the most difficult decisions you may ever be faced with is determining when the time is right for a divorce. All couples go through periods of being unhappy, but when it becomes a frequent occurrence, you may begin to wonder whether or not you would be happier alone.  In most cases, there is some form of resentment during the divorce, whether it is about a specific issue, or the divorce itself. In many cases, this can lead to mistrust. Even though you are ending your relationship, there are many things that require a level of trust during a divorce, with the most important of them being the financial side of things. Is your spouse being honest and open about his or her assets? If you feel they are not being honest and you are worried about not receiving your fair share of the marital estate, the discovery process can be used to ensure that property issues are settled fairly.

Tools You Can Utilize During Discovery

When you begin the divorce process your first step is to try and come to an agreement on

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DuPage County divorce attorney

In Illinois, there is such a thing as the simplified joint marriage resolution procedure, or simple divorce, commonly referred to as an uncontested divorce. However, many couples opt to litigate their divorces since there are usually some or many things that require negotiations, including property and debt. When these contested divorces include added complications, such as major concerns about children, high-value assets, and business ownership, they are considered complex divorces. In general, the following five concerns could make your divorce far more of a complex divorce compared to a simple divorce or typical divorce.

5 Issues That Can Complicate Your Divorce and Make it Complex

  1. Valuable AssetsHigh-asset divorces might include high-value property, collector’s items, or accounts, among other things. In those cases, dividing the property takes on a heightened sense of financial substance by its sheer volume. Big-ticket items can include boats and million-dollar houses to heirlooms and other valuable items. In addition, retirement accounts and pensions as well as major investments and banking accounts may all require forensic accounting to get to the fairest and equitable decision during such a complex divorce.

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