Free 30 Minute Consultation: (630) 852-1100
45 S. Park Blvd., Suite 230, Glen Ellyn, IL 60137

Property Division

Disputes over finances are often cited as the number one cause of divorce in the U.S. As such, it is not surprising that the matter of property division within divorce proceedings is often the most contentious issue. At the law firm of Mulyk, Laho & Mack, LLC, our lawyers are highly experienced in handling this often complicated aspect of the divorce process.

Contact the Property Division Attorneys at Mulyk, Laho & Mack, LLC at (630) 852-1100

There are three main steps in dividing property in a divorce—determining which property is marital property, assigning a value to the marital property and determining how the marital property will be distributed. In general, marital property consists of all property that is acquired during a marriage, which was not acquired by one spouse through an inheritance or as a gift. Valuing that property can be difficult and often requires the assistance of accountants and appraisers.

Understanding Equitable Distribution

Illinois is an equitable distribution state. The takes into consideration many factors to determine an equitable or fair split of the marital property, including but not limited to:

  • Duration of the marriage
  • Contributions of each spouse including homemaking services
  • Earning power of each spouse
  • Who earned the property
  • Value of non-marital property
  • Post-divorce circumstances of the spouse including child custody arrangements
  • Pre-nuptial agreements

Our attorneys are knowledgeable concerning all of the factors that go into determining an equitable distribution of property. As skilled negotiators and litigators, we fight for the interests of our clients whether it is across a table or in a court room.

If you are in need of an attorney that concentrates in the area of family law or any of our other related practice areas, contact Mulyk, Laho & Mack, LLC at (630) 852-1100 or by email to make an appointment for a consultation.

  • Facebook
  • Twitter
  • Google
  • LinkedIN
  • YouTube

Family Law Alert

As of January 1, 2016, major changes to child custody and visitation laws went into effect. Read more.

From Our Blog...

What Makes a Good Parenting Plan?

April 20, 2017

Under Illinois law, a parenting plan is a written agreement that sets forth how parents will make decisions related to their children and how they will divide parenting time. Having...

Reasons to Get a Prenup in Illinois

April 13, 2017

Many people do not fully understand what marriage entails from a financial and legal standpoint. Often what is impressed on couples before getting married is how spouses should act towards...

Is a Stepparent Adoption a Possibility for Your Family?

April 06, 2017

Many times when a blended family forms, stepparents wish to adopt stepchildren in order to legally reflect the relationships that have formed. When a stepparent adopts a child it means...

The law offices of Mulyk, Laho & Mack, LLC
45 S. Park Blvd., Suite 230, Glen Ellyn, IL 60137
Phone: (630) 852-1100
Fax: (630) 852-1128