High asset divorces, or high net worth divorces, in DuPage County often come with their own complications and issues that make them distinct from more traditional or straightforward divorce cases. Whether you are currently in a marriage in which one of the spouses was the primary earner, or both spouses together have been high earners during the marriage, it is critical to learn more about the particularities of high net worth divorces in Oakbrook Terrace and throughout DuPage County.
At Farooqi & Husain Law Office, we know how important it is to have an experienced and dedicated attorney on your side who understands your situation. Our firm has been representing members of the DuPage County Muslim community for years, and our Oakbrook Terrace family law attorneys are here to assist you with your case. In the meantime, the following are some of the common issues that you might anticipate in a high asset divorce in Illinois.
Complex Property Division
Under the Illinois Marriage and Dissolution of Marriage Act (IMDMA), divorces in the state require that all property owned by the spouses be classified as either separate property or marital property. When it comes to dividing property in the divorce, only marital property is divisible, and it is divided according to the theory of equitable distribution....