Many couples may not envision divorce when they exchange marital vows, but it is an unfortunate possibility. The emotional turmoil of divorce is disheartening and at Glasgow & Olsson of Schaumburg, Illinois, we strive to create an atmosphere of reason and calm for innately stressful legal matters. Drawing on a collective legal background spanning five decades, our attorneys are at the forefront of multiple areas of practice and therefore provide a comprehensive approach to complex divorce issues such as the division of marital assets and debts.
In Illinois, marital property must be equitably divided when a marriage is dissolved. In general, any property or asset acquired during a marriage is considered marital property. While there are exceptions, such as inheritance, absolute traceability is essential for characterizing property as jointly or individually owned. In addition, some assets have marital and non-marital components and must be carefully analyzed to ensure fair reimbursements for both parties.
According to Illinois laws (750 ILCS 5/503), non-marital property can be acquired:
There are additional classifications for non-marital property and our firm has experience with accurate interpretation of complex property disposition laws to ensure the correct allocation of marital assets and property.
Commingled assets, stock options, business valuations, high net worth issues and retirement accounts require additional layers of expertise in asset characterization and our attorneys are well-equipped to handle every aspect of the divorce. We will evaluate the history of the marital assets and structure a response that carefully evaluates:
A thorough evaluation not only requires knowledgeable legal counsel, but a strong desire to achieve justice in asset protection and provide equitable solutions during a challenging time. Whether you are going through or anticipating a divorce, we can help guide decisions to seek the best possible outcome now and for the future.
If you need assistance in your complex divorce matter, contact our office today. We are skilled in defining and navigating the fair distribution of marital assets. We serve clients throughout Cook, DuPage and Kane Counties. Our offices are in Schaumburg, Illinois, and we serve clients in Barrington, Barrington Hills, Geneva, Hoffman Estates, Rolling Meadows, Palatine, Wheaton, and throughout Chicagoland. Please call 847.577.8700 today.
Mr. Glasgow is one of the most professional attorneys I know. He goes above and beyond to communicate with his clients. He is very clear about what to expect from the beginning. He is passionate, understanding, honest and makes himself available to his clients. I highly recommend Mr. Glasgow to anyone who is in need for legal counseling.
I hired Tom Glasgow and his firm to seal some criminal cases out of Cook County. The charges were very serious, and although I was not convicted of those charges, I knew it would still be an uphill battle in court. During the two years my case was pending, Tom never wavered in his complete dedication to seeing a positive outcome for me. He has excellent legal skills and knew exactly how best to present my case to the judge. He presented the court with a detailed packet of my background and information that undermined the charges filed against me. The judge granted my petition to seal those arrest records. My family and I are grateful to Attorney Glasgow and his firm for everything they did on my behalf. Because of Tom Glasgow, what I believed was a nearly impossible feat turned into a reality for me. I highly endorse and recommend Tom Glasgow for criminal matters and sealings/expungements. Thank you, Tom!
If you are looking for: Exceptional legal leadership, a cohesive and collaborative team who are meticulous in detail, trustworthy, loyal, hard working, and approach cases with tenacity; then Glasgow & Olsson is the best legal team to represent you.
I could not recommend a more caring and competent attorney. I had the experience of using Mr. Glasgow for three separate matters, and he was superb on all of them.
Tom was highly recommended by a personal friend (another attorney) to assist me in a civil matter. Tom took the time to get to know me and my situation, and it was very clear from the beginning that he had my best interests at heart. I felt very comfortable with his demeanor, expertise and most importantly his compassionate approach. Tom was always available when needed and instilled confidence as I dealt with a challenging situation. I highly recommend Tom for any legal needs. He is amazing attorney with a kind heart.
Please know I’m a grateful mom and appreciate both your expertise and gentle manner communicating with our daughter and all you achieved on her behalf.
If you need a caring attorney who is compassionate and honest this is the firm you need to call. Nicest most caring attorney I have ever met.
Thomas is an extremely skilled attorney who works very hard for his clients. I would highly recommend him.
Very professional and personable! Exceeded my expectations on the overall outcome of my case. I was very pleased with my representation. Removed the stress and anxiety from the formal process. Reassuring and straight forward the entire way from start to finish. 10/10 would recommend to friends and family for potential future representation.
I got my life back thanks to Thomas Glasgow. I was facing a potential second DUI and was challenged with the daunting task of finding a lawyer who I could trust. After reviewing hundreds of lawyers in my area, I took the recommendation of a friend to contact Mr. Glasgow – and I am forever thankful that I did. Mr. Glasgow was able to skillfully prove my innocence and have all of my charges dropped for both the DMV and criminal hearing, which I hear is a near impossible outcome. He exceeded my expectations in every aspect of the case. Mr. Glasgow is an upstanding individual who truly cares about his clients and has a passion for what he does, which are comforting qualities during this incredibly stressful process. His courtroom presence is simply excellent – very confident, thorough, and respectful yet aggressive. It was quite amazing to stand next to him during the cross examination of the arresting officer. His questions were direct and skillfully used to discredit the testimony of the officer. I couldn’t ask for a better individual to represent me. If you are looking for the best chance of winning your case, don’t waste time and please do not hesitate to contact Mr. Glasgow. Thanks again Mr. Glasgow.