When a married couple files for divorce, there are many important decisions that need to be made before their marriage can be legally dissolved. Many of the most important considerations will be related to the division of marital assets and debts. The process of dividing marital property can be complicated, especially when a couple has a high net worth or owns complex assets. When negotiating a divorce settlement that fully addresses all of a couple's assets and debts, as well as other financial issues, it is important to understand the different factors that will need to be taken into account.
At the law firm of Weiss-Kunz & Oliver, LLC, we have the knowledge, experience, and skills to help our clients resolve complex divorce-related issues. We have represented spouses in a wide variety of cases involving high-value assets, large incomes, and other factors that can complicate the divorce process. With our understanding of the divorce laws in Illinois and the methods that can be used to resolve disputes, as well as our dedication to advocating for our clients' interests at all times, we can help you complete the divorce process successfully and achieve an outcome that will allow you to meet your ongoing needs.
Valuing Complex Assets
Before a couple can make decisions about how to divide their marital property, they will need to make sure they both understand the full value of all of the assets they own. It is important to consider both tangible and intangible values when assessing these assets. Tangible values include the monetary value of any physical items or properties that have been acquired by either spouse throughout their marriage, while intangible values refer to non-monetary benefits like business goodwill or intellectual property rights. The value of all assets, including marital assets and separate assets, must be determined so that a fair division of marital property can be negotiated.
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