Posts Categorized: Property Division Attorney

How to Reduce Capital Gains Tax Selling the Marital Home

There are emotional and financial challenges involved with any divorce, but some parties will also need to incorporate strategies for tax matters when ending their marriage. Specifically, there can be taxable events and other tax-related issues that arise with the division of marital property. The different transactions and ownership changes that result from a dissolution of marriage may trigger the Internal Revenue Code section on capital gains and losses, particularly related to the marital ho...   Read more ...  

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Are Personal Injury And Workers’ Comp Awards Considered Marital Property In Illinois?

marital property

When property must be divided during a divorce, Illinois follows an equitable distribution rule, meaning the division must be equitable, which is not necessarily equal. One of the most challenging issues that arise with property division is what is marital and non-marital property. For example, if you have compensation from a personal injury or workers’ comp case, are those considered marital or non-marital property? If you have questions about property division after reading this blog post, o...   Read more ...  

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