JOLIET ATTORNEYS FOR HANDLING THE MARITAL HOME DURING DIVORCE

Asset Division Lawyers Serving Will County

A divorce is a major undertaking. As such, the decision to end your marriage should not be taken lightly. Throughout the divorce process, you and your spouse will need to address a large number of issues. With so much to consider, it is understandable that you might feel stressed out, overwhelmed, and uncertain about where to begin. Fortunately, the skilled family law attorneys at Reeder & Brown, P.C. are equipped to help you.

Why the Marital Home Matters So Much

Dividing marital property is an important part of any divorce, but there are some assets that require special attention. The marital home, in particular, is often a point of dispute for many couples, because it represents more than money. Your marital home may be the single biggest investment you have ever made or will ever make. Such a home, however, is more than just a piece of real estate. Your home is essentially a part of your family's story, which means that it has a great deal of intrinsic and sentimental value. As far as the law is concerned, your marital home may also be considered a source of stability and security for your children, if you have any.

According to the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5), each spouse in a divorce is entitled to receive an equitable share of the marital estate. The marital home, however, often makes up a substantial portion of the total value of the marital estate, which can make the process of dividing property rather difficult. In some cases, there may be more value in the marital home than in the rest of the couple's assets combined.

At Reeder & Brown, P.C., our experienced family lawyers have handled some of the most complex divorce cases, including many involving disputes over the marital home. We have the knowledge and resources to help you determine the best way to handle your family home in your divorce so that you can begin focusing on the happier future that lies ahead.

Dividing the Marital Home in DuPage County and Kane County

Before your marital home can be considered for division, it must be assigned a reasonable value by a properly trained real estate appraiser. Our firm maintains a large network of experts, including real estate professionals, who can assist with your case. Once you know how much the home is worth, you will have several options regarding how to incorporate the home into your divorce settlement. Depending on your circumstances, you could:

• Sell your home and divide the proceeds equitably.
• Negotiate a buyout, through which one spouse could keep the home and the other would receive a larger share of the other marital assets.
• Structure a settlement in which one spouse keeps the home and makes ongoing payments to the other spouse over time.
• Continue to own the home jointly with your spouse for a set amount of time, then selling the home at a future date.

Our attorneys will work closely with you in developing a strategy for managing your home in your divorce. If you wish to stay in the home, we will help you find the means to do so. If you are content to sell the home or to allow your spouse to keep it, we will ensure that you receive a fair share of assets so that you will have the financial resources you need in the future. No matter what challenges may arise, our experienced lawyers will help you overcome them.

Contact Our Will County Asset Division Attorneys

If you have questions about how your family home will be affected by your divorce, contact our office to get the answers you need. Call 815-885-5980 for a free, confidential consultation today. Our attorneys represent clients in Joliet, Bolingbrook, Plainfield, Naperville, New Lenox, Lockport, Mokena, Crest Hill, Romeoville, Aurora, Homer Glen, Will County, and the surrounding communities.