While there are many reasons why a divorce can be contentious, one of the most disputed issues when parties are parting ways is that of asset division. In many cases, both parties feel as though they’re entitled to certain assets, leading to fighting over who gets what. If you’re getting a divorce in Naperville or surrounding areas of Illinois, understanding the law regarding division of property, and the methods available of navigating it, is critical. Here’s a look into what you need to know:
Asset Division in Divorce: What Does the Law Say?
In Illinois, the court requires that a divorcing couple divide their assets in a manner that is equitable. Equitable means fair but does not necessarily mean equal; couples are not asked to split their property 50/50.
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