The basics of property division in Illinois
Splitting up property during a divorce can be the root cause of many heated disputes. How do couples already at odds decide who stays in the family home, or how to distribute bank accounts? Here is a quick look at how property division works in Illinois to find out. Determine what is marital property Couples only have to divide marital property during their divorce. And state law classifies anything that each spouse owned before the marriage as separate property. Separate property also includes any gifts or inheritances in one individual's name. On the other hand, marital property includes anything that the spouses purchased...
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