Chose in Action And Divorce
Aside from the divorce case, a pending lawsuit, such as a personal injury case, that you and/or your spouse may be involved in is known as a "chose in action." For example, you and/or your spouse may have been injured in an accident and are expecting a possible settlement or jury verdict during the divorce case.Let a Barrington Law Firm Guide and Advise You during Divorce:
Consequently, you may be wondering some of the following questions regarding the impact of a chose in action on an Illinois divorce case: Should the net proceeds from a pending lawsuit be classified as marital property or non-marital property? If the net proceeds from a pending lawsuit are classified as marital property, how will they be apportioned between the spouses?
A chose in action may be a substantial asset of the parties' marital estate. Due to the complexity of divorce and its significant legal and financial implications, it is wise to seek the counsel of a diligent complex property division attorney. Barrington divorce attorney Blake Austin Culver at Richard W. Culver, Ltd. can help answer you questions regarding complex property division, and Blake can help advocate for you throughout the divorce process.Contact a Barrington Divorce Lawyer Today
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.