Kane County High Asset Divorce Attorneys
Lawyers for Protecting Assets and Investments During High Net Worth Divorces in Illinois
If you are looking to file for divorce, you have the chance to protect your rights and assets before you begin the formal processes. Though divorces can be amicable, tensions can quickly rise, and situations can change drastically. It is imperative to discuss your impending divorce with an experienced divorce lawyer.
At The Stogsdill Law Firm, P.C., our attorneys work with those who already started divorce proceedings and clients considering the process. We can help you protect your assets so that you receive a favorable settlement or judgment. When a divorce settlement cannot be resolved, however, our attorneys also represent our clients in the courtroom through aggressive litigation.
Protecting Your Assets During Divorce
During divorce proceedings, each spouse has the right to an equitable division of assets. To ensure you receive a favorable settlement, it is important to assess your marital assets accurately. All financial assets and debts must be reported. In order to protect your assets and investments, it is important to complete the following:
- Get copies of all financial records for the past three years, such as bank and investment statements, retirement accounts, and tax returns. Also, try to obtain all business records if a business is part of the marital estate, including accounts held in your ex's name only;
- Review bank account deposits and ensure that all income reported matches (or does not match);
- Open a bank account in your name only;
- Establish your own credit line if you do not have a strong credit history already;
- Record and photograph all valuable property in your marital estate, such as jewelry, electronics, artwork, antiques, cars, etc.; and
- Avoid mixing any non-marital income you receive (like an inheritance). Deposit these types of assets into a separate bank account.
These steps can help you obtain the best settlement possible in your pending divorce. However, sometimes spouses also want to protect assets he or she feels they are owed by hiding the assets or concealing income. In these instances, our attorneys can help you through the process called forensic accounting. A forensic accountant can help uncover hidden assets or income that have been blatantly closeted. Our lawyers regularly work with these professionals to ensure our clients' rights are protected.
Contact a Kane County Divorce Lawyer
If you are filing for divorce or have already begun divorce proceedings, contact The Stogsdill Law Firm, P.C. to schedule an initial consultation. Call 630-462-9500630-462-9500 to speak with a divorce attorney about your specific marital asset concerns. We will help you through the process and guide you to achieve your financial goals. We serve clients throughout Kane County, including Aurora, St. Charles, Geneva, Elgin, and throughout the surrounding villages and counties.