Dividing Property And Debt In Your Divorce
Depending on the duration of the marriage, it is not uncommon for couples to have amassed a great deal of both assets and debts. When divorce becomes a reality, it can become challenging for couples to agree upon an efficient split of this property. An experienced property division attorney can provide the guidance needed.
At Bruckert, Gruenke & Long, P.C., we will carefully examine our clients’ assets in an effort to reach an appropriate split. From uncovering hidden assets to dividing marital debt, our family law attorneys have the experience necessary to guide clients through a challenging divorce.
Our lawyers have extensive experience representing clients divorcing in Illinois. We are prepared to protect the best interests of our clients in matters centering on:
- Dividing multiple properties
- Dividing a family business
- Dividing retirement accounts
- Dividing stock options
- Dividing vacation homes
- Dividing heirlooms and asset collections
Once a property is determined to be a marital asset, our firm will go to work reaching a beneficial division. Typically, the only property that is not considered marital is that which was clearly brought into the marriage or items that were bequeathed or gifted to specifically one or the other party in the marriage.
In recent years, it has become increasingly important for a divorcing couple to pay special attention to not only the division of assets but the division of debts. It has become more and more common for couples to share the cost on large purchases such as homes or vehicles. Additionally, long-term costs such as those associated with a family business or a spouse’s educational costs can be carefully examined by a family law attorney.
Discuss Your Case
With offices in O’Fallon and New Baden, we represent clients’ interests in Clinton County, St. Clair County and across the Metro East. Bruckert, Gruenke & Long, P.C., is prepared to help you reach a fair property and debt division in your divorce. Schedule a consultation at either of our convenient office locations to discuss your case. We can be reached by email or by phone.