Most people who get married in Illinois do not plan to divorce. Couples set up their home, travel, collect art, open joint bank accounts and move forward in the next phase of life. However, if the writing is on the wall and divorce seems imminent, you can prepare for a smooth separation and protect your assets. At Soffietti, Johnson, Teegen, Argueta & Bawcum, LTD, we often assist clients with family law matters, including prenuptial agreements, divorce and child custody.
For divorcing couples in Illinois, the process of splitting up their marital assets and debts can be quite complicated. Many couples find that their family home is not only their single most valuable asset but it is also one that elicits a lot of emotion due to the memories attached to it. It is not uncommon for one spouse, often the wife, to want to keep a home after a divorce. Despite this desire, many people end up selling their homes when they get divorced.