Brokerage Accounts And Divorce In Illinois
If you are contemplating a divorce or if you have already been served, you may be wondering how brokerage accounts, containing stocks or equities, bonds, mutual funds, money market accounts, or other financial investments, may be affected by the Illinois divorce process.
In divorce, and depending on the particular facts and circumstances, brokerage accounts may be classified as marital or non-marital property. If brokerage accounts are classified as marital property, then they are subject to equitable division between the divorcing spouses. Brokerage accounts may be substantial assets of the parties' marital estate in high net worth divorce cases.
Thoughout the discovery process in an Illinois divorce case, both parties must make a full and complete disclosure of all assets and properties, including brokerage accounts, in which each party has any interest.
Divorce is complex with important legal and financial implications. It is vital to seek the counsel of a skilled divorce lawyer pertaining to the complex property division of brokerage accounts. Barrington divorce attorney Blake Austin Culver at Richard W. Culver, Ltd. can assist in protecting your rights, claims, and interests in brokerage accounts. Blake can help analyze your particular circumstances, and Blake can help guide you through the divorce process.Learn More about Complex Property Division Regarding Brokerage Accounts from a Barrington Divorce Lawyer
Call 847-382-2900 or complete the contact form to schedule a confidential consultation at Richard W. Culver, Ltd. Evening and weekend appointments are available as necessary to accommodate clients' schedules. Utilize seven tips for your initial consultation with a divorce attorney.