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Naperville | Wheaton | St. Charles

Naperville Real Estate Division Attorneys

Downers Grove Real Estate Division Divorce Attorneys

Lawyers for DuPage County Divorce Disputes Regarding the Marital Home 

When you decide to end your marriage through divorce, there are numerous considerations that you and your spouse will need to address. With so much to think about, you may be overwhelmed, over-stressed, and unsure of how or where to start. This might be especially true if you and your spouse have amassed a substantial amount of wealth and assets throughout the course of your marriage. Assets such as complicated retirement investments, business holdings, and real estate must all be considered during the property division process. At Goostree Law Group, our experienced lawyers will help you understand your available options and work hard to protect your best interests.

Dividing Real Estate in Wheaton and Warrenville

Under Illinois law, virtually any property—including real estate—that is acquired by either spouse during their marriage is considered to be marital property and, therefore, subject to division in a divorce. There are very limited exceptions to this rule. With this in mind, it makes little difference whose name is on the deed to a particular property; if it was acquired during the marriage, it is probably part of the marital estate. Illinois law also requires the marital estate to be divided equitably between divorcing spouses. Doing so requires an accurate valuation of the real estate property in question.

At Goostree Law Group, we maintain strong working relationships with appraisers and other real estate professionals throughout DuPage County and the surrounding areas. These experts are qualified to determine the value of your property holdings in accordance with accepted industry practices. In addition, they are also willing and able to support their findings in depositions or courtroom testimony as needed.

Once a value has been established, the property can then be considered alongside the other components of the marital estate. It may make sense to negotiate a buyout, either through a one-time exchange of assets or through a structured settlement over time. Or, putting the home on the market and coming to an agreement on the proceeds in conjunction with all of the other marital assets may be the best option. 

Unique Considerations for the Marital Home

For many couples, their marital home is the biggest investment of their lives. Our attorneys recognize that the family home is much more than a piece of property. It is, in many ways, a part of your family's history and carries great sentimental value. In the eyes of the court, the family home may also be seen as a source of security and stability for your children.

When parents get divorced, one of the parents often remains in the marital home so that their children may stay in the same school, keep the same friends, and otherwise maintain many of the same routines. There are many ways to structure a divorce settlement to allow for such an arrangement, and our lawyers can help you find the one that works best for your unique situation. We will help you keep the marital home if doing so is possible. If not, we can facilitate the sale of your home so that you can provide your children with the happier future they deserve.

Call 630-364-4046 Today

To learn more about the DuPage County firm of Goostree Law Group, contact our office. Call 630-364-4046 for a free, no-obligation consultation with a member of our team today. We offer trusted guidance to clients in Naperville, Wheaton, Warrenville, Woodridge, Downers Grove, Lisle, Aurora, and the surrounding areas.

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