Frequently Asked Questions About Property Division

Contact our DuPage County property division lawyer for more detailed answers to your most important questions about family law, divorce, and asset division.

WHAT CAN OUR FIRM DO FOR YOU?

How do you take what you have accumulated over your life and divide it?
You, with your attorney, will set out initial needs and goals. You will then work to meet those goals. Your attorney will advise you as to whether your goals are realistic given the facts of your case and the present state of the law.

WHAT FACTORS GO INTO ASSET/LIABILITY DIVISION?

Numerous factors go into asset division: What are the assets? What are the debts? Who has the ability to pay? Who has the ability to earn income in the future? What are the impediments to earning income? What has the lifestyle been? Are there children involved? How much is needed to support them? These and many other factors will be taken into consideration under the law to calculate an equitable settlement.

WHAT QUESTIONS CAN I EXPECT TO HAVE ANSWERED?

Can I keep one asset and trade something or several things for it? What are the upsides and downsides of doing it that way? Will I have to pay all of the debt? Does it matter whose name is on the debt? Am I entitled to keep everything I earned? Can I get my spouse to pay my attorney fees? Do I have to share assets I had before marriage? How does payment of child support and/or maintenance bear on the asset split? What are the tax consequences? Will I pay capital gains if I get stock or retirement benefits? How do I gain access to information about my children? What is a parenting plan?

WHAT CONCERNS WILL BE ADDRESSED:

I’m afraid I’ll never see my children… my spouse said I will be homeless…I won’t get a penny because he/she earned the money and it’s theirs…my children are being brainwashed…my spouse only uses the money I give him/her for himself/herself and not the kids…my spouse is an alcoholic/drug addict/control freak/ bipolar/etc.…my spouse does dangerous things with the kids…my spouse has threatened to take the kids and I will never see them again.

We are able to answer all of these questions and more for you. Our DuPage County property division lawyer hears these questions frequently in divorce cases and you will find that as you proceed through the process of dissolution, you will encounter more and more questions. We will be here to inform you and educate you on your rights AND the right way to handle your legal issues for the long-term.

Contact us  today to start finding answers to the very important questions related to your family law case. A DuPage County property division lawyer from the Law Offices of Laura M. Urbik Kern will meet with you to discuss the specifics of your divorce. We can help devise a plan to best protect your assets to ensure you and your children have secure financial futures.