Property division is typically the most complicated issue in a divorce. And, while it can be relatively straightforward to place a value on vehicles, a home, and other assets, it can be difficult to value others. And, without a fair valuation, you might agree to a settlement that isn’t fair, especially when you consider the long-term implications of your financial situation following divorce.
In this article, we’ll discuss:
- How marital property is divided in Illinois;
- How to determine the value of complex assets; and
- Other important considerations in marital asset valuation