Non Marital Property Division
Summary
Non-marital property in Illinois refers to assets owned individually by one spouse and not subject to division during divorce. Marital property is divided equitably, while non-marital property remains with the owning spouse. Determining whether an asset is non-marital can be complex, especially if acquired before marriage or as a gift or inheritance.Full Conversation
In Illinois, non-marital property refers to assets owned by one spouse individually. These assets are not subject to division during divorce proceedings. While marital property is divided equitably between both parties, the non-marital property remains with the spouse who owns it.
Hello ****, you're correct about non-marital property in Illinois. However, it can sometimes be complex when determining whether an asset is non-marital. Did you acquire your property before the marriage or as a gift or inheritance?