Dividing Marital Property after Divorce: Illinois and Equitable Division
In community property states, marital property is split 50/50 between divorcing parties. That is not the case in Illinois, which is an equitable division state. Illinois law recognizes that the value of a party’s contribution to the marriage should affect the value of property that the party is entitled to if the marriage ends. Thus, “equitable” is not synonymous with equal. In fact, Illinois treats marriage almost like a business partnership. More specifically, Illinois considers marriage to be a “joint...
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