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Wakenight & Associates, P.C.

707 N. York Street, Suite 201, Elmhurst, IL 60126

Elmhurst | 630-528-0734

Mokena | 815-458-5660   Oak Park | 708-480-9651

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Elmhurst divorce lawyer finances assets debtsThere are many important elements during the divorce process that require careful attention and deliberation. High among these are the multitude of financial concerns that typically arise. When a couple splits, it can lead to significant monetary strain. That is why you need a skilled divorce attorney who will fight for you as divorce agreement negotiations commence, or if you require courtroom litigation to settle relevant issues.

Here are some of the primary financial concerns that come up in divorce cases: 

Division of Marital Property

Spouses usually keep anything they brought into the marriage. Any possessions or financial accounts accumulated during the marriage are considered marital property, which in Illinois is divided on an equitable basis, but not necessarily an even split. The division may be substantially uneven if one spouse has a significantly higher earning capacity and the other’s quality of life is best preserved by receiving more of the couple’s property.

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