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property division Archives

What is non-marital property with property division?

One of the most difficult issues to settle in an Illinois divorce case is property division. This is true whether it is a high asset divorce and there is significant property that both parties stake a claim to or if it is a more modest divorce and there are items of financial and sentimental value in dispute. The law has certain requirements for what constitutes marital and non-marital property. While there can still be a certain amount of confusion and disagreements over property, it is important for people who are planning to divorce or are in the middle of a divorce to understand the difference.

On prenuptial and postnupital agreements

Any couple that has decided to walk down the aisle should, at the very least, have a discussion about a prenuptial agreement. The reasons for this are twofold. First, just having the discussion -- even if you decide against signing a prenuptial agreement -- can help you and your spouse figure out potential financial stumbling blocks involved in your soon-to-be marriage. Second, and maybe more importantly, a prenuptial agreement can do wonders for your marriage and, if it goes that way, your divorce.

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