Divorce and Family Law
Allocation of Marital Property and Marital Debt
The idea that spouses must equally divide their property in a divorce is a common misconception. It is common for the Court to begin with the assumption that property and debt will be equally allocated to the divorcing parties. However, the court will also consider a number of other factors including without limitation the earning capacity, non-marital property, and health and well-being of the divorcing parties. It is not unusual for the party with less earning capacity, less non-marital property, or serious health issues to receive more than half of the marital property and less than half of the marital debt.
The Bruning & Associates PC Crystal Lake divorce lawyers can provide skilled and experienced counsel to achieve a favorable allocation of marital property and marital debt for you. Bruning & Associates PC has offices conveniently located near you in Chicago, Schaumburg, and Crystal Lake, Illinois. Please contact Bruning & Associates PC to schedule your free consultation regarding your divorce case and issues regarding the allocation of marital property and marital debt.
Serving divorce clients with marital debt and property issues in Northern Illinois, including Cook County, DuPage County, Kane County, McHenry County, Lake County, Will County, Boone County, DeKalb County, Kendall County, LaSalle County, and Winnebago County.