Johnson, Johnson, & Nolan Attorneys At Law
Call 618-207-4137
888-628-8977 Toll Free

Factors that influence the division of marital property

According to the State of Illinois Data Portal, there were more than 32,000 divorces in 2009 across the state. For residents of Belleville, or any other part of Illinois, it is important to understand which factors influence how marital property is divided. Filing for divorce is often a big step for many people. Although separation sometimes presents challenges, many couples have been able to work towards an end result that is both emotionally and economically healthy.

On the Illinois General Assembly's site, there is an overview of various factors that courts take into consideration when determining how to distribute marital property. For example, courts will review how long a couple was married as well as each party's financial situation. Prenuptial agreements may also have an impact on how marital property is divided and courts will also look at how much the property is worth. Other factors that affect property division include the anticipated earning ability of each party, tax implications and the health and age of each individual.

Furthermore, courts attempt to protect a child's best interests, which may also have an impact on how marital property is split up. Before filing for divorce, it is essential for people to prepare financially in every possible way. Whether the division of property affects someone greatly, or they experience other financial hardships after separating from their spouse, divorce can change an individual's life in many ways. Fortunately, those who prepare can often secure a more favorable outcome and prevent certain hassles that sometimes arise with divorce.

No Comments

Leave a comment
Comment Information

When you are ready to discuss your legal issue with an experienced Illinois lawyer, we will be here for you.

Email Us For A Response

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Johnson, Johnson, & NolanAttorneys At Law

Johnson, Johnson, & Nolan
11 South High Street
Belleville, IL 62220

Toll Free: 888-628-8977
Phone: 618-207-4137
Fax: 618-277-1184
Belleville Law Office Map

Review Us
Pay Your Invoice | LawPay | VISA | Master Card | American Express | Discover Network