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D. Siegel, Esq.
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Chicago Child Custody Lawyer

June 5, 2007

Disposition of Marital Property

Filed under: Property Disposition — davidmsiegel @ 10:00 am

Where the parties were at an advanced age at the time they got married and the marital property substantially represented assets produced by the husband’s business which he had established long before the marriage, the court may have reasoned that in view of these factors he was entitled to a greater share of the marital property, and its distribution of property was not an abuse of discretion.  In re Pancner
 The award of marital home to wife was not erroneous where the marital home was valued at $140,000 with an outstanding mortgage of $55,000; wife’s annual salary for her part-time work was $15,000; husband’s annual income from his employment was $26,000; his annual income from his non-marital assets was about $27,800; and husband’s economic circumstances, including his opportunity to acquire assets and income, were superior; moreover, the result was not inequitable under the circumstances, and the trial result was not inequitable under the circumstances, and the trial court acted within the scope of its discretion in awarding almost all of the marital property to wife.  Atkinson v. Atkinson
 The court order awarding one spouse 60% of the net proceeds from the sale of marital home, and 50% of the other spouse’s profit and savings plan was a proper exercise of judicial discretion in light of the disparate future earning capacity of the respective parties.  In re Theeke

April 20, 2007

Property Disposition

Filed under: Property Disposition — davidmsiegel @ 7:46 am

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