How to Determine Marital Property in Illinois
Illinois is what is known as an equitable distribution state, so everything considered marital property is examined and divided via a “just division”.
But what is “marital property”?
In Illinois, almost anything acquired during the marriage is considered marital property, including retirement accounts or stocks that accrued funds during the marriage and will be included in the property division.
Some other typical examples of marital property include vehicles, furniture, household appliances, the home, and checking accounts.
This classification is true regardless of who in the marriage specifically holds the title to an item.
References: Marital Property
Property Division Articles & Frequent Questions
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