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Naperville divorce attorney property division

When you have come to the decision that you and your spouse are going to get a divorce, you will likely experience a flood of different emotions, ranging from relief, sadness, depression, anger, and rage. While it may seem strange to experience such complex emotions, divorce is a complicated event that encompasses every area of your life. Once you reach the property division stage of your divorce, you and your spouse will be required to divide your marital property in an equitable manner, according to Illinois law. Your marital property includes anything that either you or your spouse took possession of during your marriage, including items like vehicles, the family home, and other real estate. Determining what to do with these assets -- especially the family home -- typically begins with an appraisal.

What Are the Benefits of a Home Appraisal?

For many couples, the family home is the biggest investment and the most expensive asset they own. Handling these assets carefully is crucial for you to get your fair share of the marital estate. Getting your home appraised before you proceed with the asset distribution process can provide you with an estimate as to how much your home is actually worth. In many cases, especially when there are children involved, there are emotional attachments to the home. This sometimes leads to one spouse wanting to keep the home. In this case, an appraisal can still be useful as you will have an accurate market value of the home so you know how much money you need to “buy out” your spouse’s portion of the home.

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