Property Division

Our Illinois property division lawyers regularly deal with complex financial cases and are well qualified to find, categorize, value, and achieve the best property divisions for our clients. 

Once married, couples often share assets with each other. Whether this is legally owned property or a joint bank account, it’s not uncommon for both parties to claim ownership. However, property division during a divorce is much more complicated than simply splitting everything down the middle.  

Asset Discovery 

Before parties can divide property, they first must discover it. An intense research process dives deep to uncover and document each asset that needs consideration. Parties may volunteer this information up front, but in some cases, a skilled property division lawyer may facilitate a thorough investigation on behalf of their client. Either way, they will lay out any asset owned by either party for evaluation. 

Marital Property vs. Non-Marital Property 

Illinois law does not follow a “what’s mine is yours” philosophy when it comes to property division. The division of assets depends on whether it is marital or non-marital. The key differentiating factor is when the individual acquired the property. For example, if one party bought a home prior to the marriage, then it falls under the non-marital category. If that same party bought a home during the marriage, then it’s marital, even if the home is only in one party’s name. Exceptions to this general guideline include gifts or inheritances. 

The distinction between marital and non-marital property is not always this easy, and some parties may fight to retain full ownership of assets that should be joint property. That’s why it’s important to have a competent property division lawyer in Illinois. At Schiller DuCanto & Fleck, we employ investigative skills to ensure we discover all property and categorize it. 

Property Value 

An asset’s value can be key during divorce proceedings. In many cases, the court will allocate certain assets to each party, rather than dividing every asset in half. To ensure fair and equitable division, they must know the property’s value. It’s also important to note that in Illinois, a 50/50 division is not always valid. Other circumstances may weigh one party’s entitlements as heavier than others.  

One factor that the Illinois courts are prohibited from considering is fault. Whether the marriage ends due to marital misconduct, cruelty, or desertion, these circumstances cannot affect judgement.  

Schiller DuCanto & Fleck’s Illinois property division lawyers are well-versed in asset discovery, categorization, and valuation during a divorce. We assist clients in Chicago, Lake Forest, and Wheaton. Contact us today to request a consultation. 

News and Insights

Aug 21, 2025

Partner Kimberly A. Cook Receives 2026 “Lawyer of the Year” Award in Mediation from The Best Lawyers in America©

Schiller DuCanto & Fleck is proud to announce that our partner, Kimberly A. Cook, has ...
Aug 21, 2025

Schiller DuCanto & Fleck Celebrates 31 Attorneys Recognized in the 2026 Edition of Best Lawyers®

Schiller DuCanto & Fleck is proud to announce that 31 of our attorneys have been ...
Aug 21, 2025

Jennifer Enloe is recognized as the 2026 “Lawyer of the Year” in Collaborative Family Law by The Best Lawyers in America©

Schiller DuCanto & Fleck LLP is proud to announce that our partner, Jennifer Enloe, ...

Looking for a firm that knows Family Law, inside and out? We're ready to listen.