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Kane County divorce attorneysOne of the most difficult parts of the divorce process is the often division of assets. Married couples usually accumulate a significant amount of property during their marriage. When a couple decides to divorce, differentiating between martial property and non-marital property can become quite complex. Assets that were once considered personal, non-marital property can be transformed into marital property, which is then eligible for division. When property division issues become convoluted, it is best to hire a divorce attorney with experience managing complex property division during divorce.

Illinois Equitable Distribution Law

Illinois law regarding property division in a divorce follows a set of principles known as “equitable distribution.” Under the doctrine of equitable distribution, a couple’s marital estate is to be divided equitably, or fairly, according to each spouse’s needs and financial circumstances. There is no guarantee that each spouse will receive an equal share.

It is important to realize that only marital property is divided in an Illinois divorce. Marital property includes any assets which were acquired by either spouse during the marriage, and non-marital property includes assets which the spouses owned before the marriage as well as certain types of gifts and inheritances. Non-marital property is assigned to the original owner during a divorce. Asset division can become especially confusing when assets are commingled or mixed.

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