Distribution of Assets and Liabilities

Under Illinois law the marital property, or property acquired during the marriage, is subject to “equitable distribution” in a divorce. But “equitable” does not necessarily mean equal. Courts may consider a number of factors in determining equitable distribution, including the contributions of each spouse to the family, the value of each spouse’s non-marital property, the economic circumstances of the spouses, the length of the marriage, age and health of the spouses, occupations and sources of income, employability, the couple’s liabilities and debts, tax implications, the terms of any prenuptial agreements, and any support awards.

The Law Office of Curtis Bennet Ross provides particular expertise to clients in financial matters. In addition to his extensive experience as a lawyer, Mr. Ross is also a Certified Public Accountant and knows where and what to look for in gathering information about the assets of the marriage, including being able to accurately value retirement accounts, pension plans, real estate and other complex assets. We make sure our clients compile a complete financial picture, so they can obtain a full financial settlement