Protecting Your Rights, Preserving Your Assets
Dividing property and debts acquired during marriage is one of the most important tasks which must be completed during the divorce process. The settlement you receive will form the financial base for your life after divorce.
Calabrese Associates, P.C. has extensive experience in all aspects of this area of family law. We are knowledgeable in the legal and practical aspects of property valuation, and we will work to obtain a settlement which places you in the strongest financial position possible.
Contact us to schedule an appointment with a lawyer.
The Property Division Process
Illinois is an equitable division state, which means that property and debts obtained during marriage are divided an equitable basis, which is not necessarily on an equal basis.
There are three major steps in the property division process:
- Identification of marital assets and debts — our attorneys are experienced in tracing the transformations of separate property into marital property.
- Valuation of assets and debts — when necessary, we work with appraisers, valuation specialists and other professionals who can provide essential insights regarding these issues.
- Division of assets and debts — we often work with financial planners who can make projections regarding the amount of property which our client will need to have to maintain a certain standard of living. We also have experience in cases involving marital investments whose values have experienced signification market fluctuations.
Complex Property Division Cases
We have experience in cases that entail complex property division issues, such as those involving large marital estates and family-owned businesses. When a closely-held or family business comprises a significant portion of a marital estate, we can work with business valuation experts and other professionals to fairly value the business.
In most situations, our careful case preparation skills enable us to negotiate acceptable settlements for our clients. If settlement is not possible, Calabrese Associates, P.C. will litigate assertively to protect your rights and preserve your assets.
If your spouse is dissipating assets, is attempting to hide assets, or has a gambling or drug problem, our firm can obtain an emergency injunction. This can freeze your marital assets in place pending a final resolution of the property division question.
Contact an Attorney
For a consultation with Calabrese Associates, P.C., call 888-849-2905 toll free or contact us online.
From our offices in Warrenville, Illinois, we serve clients in Naperville, Wheaton, Aurora, St. Charles, Glen Ellyn, Downers Grove and other communities in DuPage County, Kane County, Will County and Kendall County.
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