Division of Inherited Properties
Division Of Inherited Properties In Chicago
Property division can be the most contentious part of high-asset divorces. Complex legal processes combine with emotionally charged issues that put spouses at odds, particularly when inheritances and gifts are at stake. Legal representation is paramount to protect your rights and best interests.
Chicago High-Asset Divorce Attorneys Skilled In Division Of Inherited Properties
Few Illinois law firms can match the experience and success in high net worth divorces that Boyle Feinberg Sharma (BFS) possesses. Dedicating our entire practice to representing Illinois residents who have significant assets provides us the legal knowledge and insight necessary to identify, value and divide assets.
BFS family law firm also enjoys a network of respected business valuation, forensic accounting, financial planning and property appraisal experts who help it identify if an inheritance is marital or nonmarital property.
Determining Marital Versus Nonmarital Assets In An Inheritance
Inheritances received by one spouse prior to or during the marriage are considered nonmarital property not subject to equitable distribution. However, certain exceptions exist. If gifted money was used for a common purpose, those assets may be subject to division.
Negotiating property settlements puts you in control of the process and provides you with more of your assets following the finalization of a divorce. However, your willingness to settle is dependent on your spouse being open to negotiate. If a middle ground cannot be found, Janet E. Boyle will pursue a verdict by the courts if a trial is in your best interests.
Reliable Lawyers In Complex Illinois Retirement Division Matters
Contact our family lawyers located in Chicago and Arlington Heights to schedule an initial consultation with one of our divorce attorneys about your questions regarding division of retirement in divorce. You can reach us by phone at 312-376-8860, or via email.