Gifts, Inheritances, and Illinois Divorce
In Illinois, if you are contemplating a divorce or if you have already been served, you may be concerned how gifts and inheritances may be affected by the divorce process.
Gifts and inheritances may be classified as marital or non-marital property depending on the specific facts and circumstances in a divorce case. If gifts and inheritances are classified as marital property, then they are subject to equitable division between the divorcing spouses. Please note that gifts and inheritances may be substantial assets in high net worth divorce cases.
Throughout the discovery process in an Illinois divorce case, both parties must make a full and complete disclosure of all assets and properties, including gifts and inheritances, in which each party has any interest.
Due to the comlexity of divorce and its evidentiary burdens, it is vital to seek the counsel of an experienced and skilled divorce attorney. Attorney Blake Austin Culver at Richard W. Culver, Ltd. can help explain more about gifts, inheritances, and Illinois divorce. Blake can assist in protecting your rights, claims, and interests in gifts and inheritances during divorce, and Blake can help navigate you throughout the divorce process.Understand More about Complex Property Division from a Barringtion Divorce Lawyer at Richard W. Culver, Ltd.
To arrange a confidential initial consultation and case evaluation at Richard W. Culver, Ltd., call 847-382-2900 or complete the online contact form. At Richard W. Culver, Ltd., evening and weekend appointments are available as necessary to acommodate clients' schedules.