Real Estate
Same Day & After Hours Appointments Available | In-Person or Zoom Meetings | Over 20 Years Experience
Our Flat Fee Divorce Rates
$1,500
Uncontested Divorce No Children
Starting At$1,800
Uncontested Divorce With Children
Real Estate Property Division Attorney
Lawyer for Dividing the Home and Other Properties
When a married couple decides to get divorced, their real estate properties are often among their most valuable assets, and this can make them some of the most difficult to divide. For many couples, the marital home is the primary real estate property they will need to be concerned with, but there may be several other real estate properties in play. As you and your spouse decide how your real estate assets should be divided, an experienced attorney can help you protect your interests.
At Reifman Law Offices, we understand that your home and other real estate properties often have sentimental as well as financial value. We will approach your case with compassion and understanding, as well as a strong legal acumen honed through nearly 20 years of experience. We can help you protect your most important properties and pursue a property division resolution that leaves you in a good place financially after the divorce.
What Kinds of Real Estate Properties Are Divided in a Divorce?
During the time that a couple is married, they may accumulate a variety of real estate properties together. Some of the most common properties that are divided in a divorce include:
- The marital home– A married couple’s primary residence often takes center stage in the division of marital property because of its financial value, associated debts and expenses, and implications for the living arrangements of the spouses and their children.
- Vacation properties– A couple may have a second home or other properties that they use for weekend getaways or longer family trips.
Rental properties – Some couples use real estate property to operate a business, including as landlords for long-term tenants or managers of a short-term rental property like an Airbnb. - Undeveloped land– Land purchased as an investment or in anticipation of building a home may also be subject to division in a divorce.
It is important to note that most real estate property of any kind is subject to division in a divorce if it was acquired during the marriage, whether one or both spouses’ names are on the title. On the other hand, real estate property owned by a spouse before the marriage is likely protected from division. The same is true for real estate that was inherited during the marriage and real estate that is protected by a prenuptial or postnuptial agreement.
Considerations When Dividing Real Estate Property
Whenever marital real estate property must be divided in a divorce, it is important to obtain an accurate valuation of the property before deciding how to divide it. We can help you work with a realtor or financial professional to obtain a market or appraisal value based on a comparison to similar properties in the area.
The results of the valuation can help you decide how best to approach your real estate assets in the division of property. In some cases, it may be best to sell a property and divide the proceeds. In others, it may be important for you to keep certain properties, like the home you live in, especially if you are still raising your children there. Before you decide to try to keep a property, you should be sure that you are comfortable with taking over the mortgage and upkeep expenses on your own, as well as giving up other marital assets to compensate your spouse.
Contact a Palatine Real Estate Asset Division Lawyer
As you prepare for divorce, we can help you develop a plan for your real estate assets and represent you throughout the divorce process to help you achieve your goals. Contact us today at 847-229-8433 to schedule a free consultation. We serve clients in Palatine, Rolling Meadows, Schaumburg, Streamwood, Barrington, Hoffman Estates, West Dundee, Arlington Heights, Elk Grove Village, and the surrounding areas.
At Reifman Law Offices,
we will take the weight of dealing with family legal issues off of your shoulders.
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Cost is a significant factor when considering hiring a lawyer. At Reifman Law Offices, we understand that our clients are real people—people on a budget with limited time.
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What Our Clients say about us
Arkady took over in the middle of my divorce. Found him by chance, but couldn't be happier. He is very reasonable in prices, follows up promptly, but most of all he was understanding for every issue I wanted to bring...
I’m very thankful to Arkady for his assistance with my divorce! He is very knowledgeable and was always prompt with responses. I would recommend him to anyone who needs family attorney help!
Arkady Reifman is an excellent divorce attorney who delivers a high-quality service. He helped me with my case with personal attention to details, responsiveness to questions, and very good communication skills in court and in writing letters. He also speaks...
Great lawyer, to the point and gets things done.
Affordable and very helpful , gets back to you asap and updates you in timely manner , Thank you so much for your help ... If you're looking for a lawyer that has you in mind REIFMAN will not disappoint,...
Great attorney, Always available and responsive and will give the best advice!
Firstly, I want to thank Mr. Arkady Reifman for the amazing and professional services he provided me with. Whenever I had a question, he explained thoroughly and carefully and adjusted to my circumstances when I didn't understand he always did...
Arkady Reifman is an excellent attorney who really goes above and beyond for his client, I'd trust him with anything, do not hesitate to call him.
In a divorce, you need advocates. Advocates that are willing to listen, empathize with your situation and quickly ascertain what rights and entitlements one has. I was fortunate enough to be paired with Arkady Reifman. From our first meeting, I...
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Arkady took care of my divorce case. He has done an amazing job understanding my needs and was able to prepare a divorce contract that covered the detailed scenarios of what was needed. As a result, my divorce process was...
I was seeking a simple uncontested divorce and I came to the right place. The consultation was over an hour and was free. Arkady took the time to understand my situation and guided me through the process which others I...
I contacted Arkady for an uncontested divorce. I received a detailed extensive free consultation and was able to figure out the remainder of the details I needed to work out with my spouse in order to finalize the process. With...
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Arkady Reifman was recommended to me by a relative and I'm happy I decided to go with him to represent me in my divorce case. His fees are reasonable, communication was clear and to the point, and he explained the...
We contacted Arkady to help get a divorce settlement for my guy. It had been almost a year and his original divorce attorney did nothing to help. We gave him our retainer and he worked diligently to help us. Only...
Arkady Reifman is a seasoned and professional attorney. I appreciate his help in providing counsel which was effective in the completion of my case.
Mr. Reifman has handled with great discretion and high competence several matters of importance for our family and we highly recommend him.
Arkady Reifman represented me in my divorce case. He was always very supportive through a painful time in my life. I feel secure and confident every time after conversation with him. He also was always very prompt to respond to...
Thank you Mr. Arkady Reifman for representing me in my divorce case. With your guidance and experience of the law. I would recommend you to family or friends or anybody who ask for a family lawyer.
Great attorney, professional, exceeded my expectations, very thankful!!!
Attorney Arkady Reifman was professional on working on my case. Answer all my questions with everything I had. Highly recommend this Attorney
If you are in need of any legal service, talk to this firm first. Our family has used Mr. Reifman's service to resolve a complex child support matter that involved a defendant that tried every legal maneuver to delay his...
Arkady is an excellent attorney. He took my complex divorce case and handled it with compassion and pure professionalism. The result was far better than I had expected. Arkady handled my case effectively and made the process as painless as...
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