Mutual Funds And Illinois Divorce

Barrington Divorce Attorney | Safeguarding Mutual Funds in Divorce

If you are considering the filing of a divorce action or if you have already been served, you may be asking yourself how mutual funds may be affected by the divorce process.

In Illinois, and depending on the particular circumstances, mutual funds may be classified as marital property or non-marital property during the divorce process. If the mutual funds are classified as marital property, then they are subject to division or distribution between the divorcing spouses. Please note that mutual funds may be a large portion of the parties' marital estate in high net worth divorce cases.

During the discovery process in an Illinois divorce case, both spouses must make a full and complete disclosure of all assets and properties, including mutual funds, in which each party has any interest.

Experienced Barrington divorce attorney Blake Austin Culver at Richard W. Culver, Ltd. can help protect and safeguard your legal rights and financial interests in connection with mutual funds. Blake can examine your specific circumstances and can help guide you through the divorce process.

Possible Dissipation:

In the event that you suspect your spouse is liquidating mutual funds without your approval, click dissipation for further information.

Answers to Your Questions About Mutual Funds and Divorce

Call 847-382-2900 or complete the online contact form to schedule a confidential consultation at Richard W. Culver, Ltd. Evening and weeking appointments are available as necessary to accommodate clients' schedules. Utilize seven tips for your initial consultation with a divorce attorney.