DuPage County Complex Asset Division Lawyers

Glen Ellyn Complex Asset Division Lawyers

Attorneys in Wheaton for Managing High-Value Assets in Divorce

According to relationship experts, disagreements over financial concerns are among the leading causes of divorce in the United States. It is also not uncommon for such disagreements to continue well into the divorce process. For many couples, in fact, dividing marital property is one of the most challenging aspects of a divorce.

At McSwain Nagle & Giese, P.C., we understand that most divorces will involve the division of property to some extent, but many such cases are fairly simple, as they involve assets such as furniture, jewelry, vehicles, and the marital home. The property division process can be much more challenging, however, when the marital estate includes more complex assets such as retirement savings, real estate investments, business holdings, and substantial family wealth. If you and your spouse own complicated assets such as these, our attorneys can help you protect your rights and long-term best interests during your divorce.

The Effect of High-Value Assets on an Illinois Divorce

Illinois is known as an "equitable distribution" state in regard to allocating marital assets in a divorce. This means that each spouse is entitled to receive a fair and just portion of the marital estate, not necessarily an equal portion. Determining what is "fair and just" requires careful consideration of the circumstances of the marriage, the divorce, and the foreseeable future.

The law in Illinois encourages divorcing spouses to negotiate a workable property settlement agreement, even when complex and high-value assets are involved. In simple cases, the parties may be able to negotiate with one another either directly or through their attorneys to develop such an agreement. More complicated situations may require the help of outside experts such as accountants, financial planners, and other professionals.

At McSwain Nagle & Giese, P.C., we work closely with a large network of financial experts whose input can be crucial throughout the asset division process. With their insight and assistance, we are equipped to help you:

  • Valuate and protect closely-held family businesses;
  • Determine the value of complex business investments and their status as marital or non-marital property;
  • Protect multigenerational family wealth;
  • Valuate and protect real estate holdings or investments;
  • Identify and evaluate the marital portion of your retirement savings;
  • Draft QDROs, QILDROS, and COAPs to facilitate the division of retirement assets; and
  • Find assets or income that your spouse may be attempting to conceal.

Why Experience Matters

At McSwain Nagle & Giese, P.C., our attorneys have more than 65 years of combined experience in the practice of family law. We understand how complicated the process can be, especially when you are dealing with high-value and complex assets. A seemingly minor mistake during asset division could end up costing you many thousands of dollars. We know what is at stake, and with our background, knowledge, and resources, we are equipped to help you protect your rights and your best interests at every stage of your divorce.

Schedule Your Free Consultation Today

If you are facing a divorce that involves substantial or complex assets, contact our office to get the guidance you need from a team you can trust. Call 630-407-1200 for a free consultation and case review at our firm today. We represent clients in Wheaton, Glen Ellyn, Naperville, Winfield, Warrenville, Carol Stream, Glendale Heights, Kane County, Kendall County, Will County, Cook County, DuPage County, and the surrounding areas.

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