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Cook County divorce attorney asset division

For some couples, the process of dividing marital assets during a divorce may not require much consideration. Families with only a few large assets, such as the marital home and family cars, can divide their marital property by allocating the family home to one spouse and giving the remaining large assets to the other. But what about families who have a bit more in the bank? The property division process requires additional consideration when the financial stakes are higher. Despite Illinois law requiring the equitable distribution of assets, many divorcing couples with a large portfolio of assets can, unfortunately, attempt to conceal a portion of their property and set it aside for themselves.

Understanding the Discovery Process

The discovery process may not always be necessary when it comes to divorce. This step in the divorce process involves both legal and financial professionals taking a deep dive into the details of your finances by requesting official documents that present proof of all of the marital assets. In other words, it is an investigation tied to your divorce that ensures that both spouses are being honest about their marital assets. For couples who have an amicable relationship and can easily divide their minimal number of large assets, requiring discovery may seem unnecessary, but for those with a large amount of high net-worth assets, these additional measures should always be taken.

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