Illinois is an equitable division state. In divorce, Illinois courts try to split the marital property into a fair arrangement. If you have multiple properties, you may wonder how this affects the outcome of your marriage ending.
Families with multiple homes or other properties like time-shares or cabins need to understand the property division process. See below to learn more about what you stand to lose and how you might protect your assets.
How is property divided?
When dividing your estate, a judge or arbitrator considers the value of each property, the marriage length, economic contributions, finances from previous marriages, childcare expenses, the ability of each spouse to make money and a variety of other social and economic factors. However, since Illinois is a no-fault state, marital conduct does not play a role in determining asset division.
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