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Get Assistance with the Asset Distribution Process

The asset distribution aspect is often one of the most hotly-contested and heavily-litigated parts of a divorce. Coming to an agreement on which spouse will own which possessions and how much money is something that is nearly always a major point of contention and can slow your entire divorce process down.

If you need representation for your divorce in order to assist you with the property division process, contact a skilled Illinois family attorney as soon as possible. At Wakenight & Associates, P.C., our attorneys are highly familiar with our state’s divorce laws, and may be able to help you protect your most valued possessions while ultimately coordinating an asset distribution plan that is fair and beneficial to your entire family.

Call Wakenight & Associates for a free consultation:

  • In Cook or Lake Counties: 888.351.2843
  • In DuPage, Kane, or Kendall Counties: 888.339.4162
  • In Will, Kankakee, or South Cook Counties: 888.303.1846

Important Assets in a Divorce

Each divorce case is unique in that no two couples ever have the same possessions to their name. While most couples all have a few basic categories, differing monetary values, lifestyle necessities, and family situations make each distribution dramatically different from the last.

Important assets in a divorce can include:

  • Cars/automobiles
  • Homes/apartments
  • Real estate
  • Investments
  • Financial assets
  • Accounts (retirement, savings, etc.)
  • Intellectual property
  • Insurance policies
  • Pets

In order to ensure that an asset distribution is fair, you will be required to disclose all of your assets to the courts. An experienced attorney can ensure you do this properly by helping you consider everything. If you are found to be hiding assets, you will not only face potential legal punishment, you could also be held in contempt of court, which has an extremely negative impact on your case.

Speak to a skilled asset distribution attorney before undergoing the property division process; contact Wakenight & Associates, P.C. today!