The Law Firm of Debra J. Braselton, P.C.
Illinois Matrimonial and Family Law 630-DIVORCE

Oakbrook Terrace Family Law Blog

Understanding property division in Illinois

Property division can be a primary concern during the divorce process so it is helpful to understand the process. The division of assets during divorce is conducted in Illinois according to equitable property division which means that marital assets will be divided fairly so it is helpful to understand what that means.

Marital property is divided during the divorce process which generally includes all property acquired during marriage. Property that may be subject to division includes homes; household furniture and furnishings; cars; bank accounts; pensions and retirement plans; stocks; business and business interests and other assets as well. To reach a fair division of the marital property, the family law court will consider a number of factors.

Social media: The reason you may lose assets in your divorce

Using social media apps causes many problems in the lives of users. Fidelity in relationships may be questioned, and lifestyle comparisons drive many people to make rash decisions with money.

During a divorce, using social media may cause even more issues. Keeping a public profile different from your courtroom persona raises suspicion. Flaunting money or posting with questionable people may tarnish your reputation with the judge. It is immensely important to be cautious online.

The importance of knowing your assets in divorce

It goes without saying that divorce can be an emotionally traumatic experience. This is especially true when you have put in years of time and effort maintaining a marriage that ultimately has come to an end. As emotional as people may get in times of divorce, it must be seen for what it truly is: a business transaction. Indeed, this may be easier said than done in the moment, but it is a reasonable and practical position to take given that life invariably goes on after a divorce decree is finalized.

For those who divorce later in their lives (i.e. after age 50) the importance of knowing your assets is paramount. Unlike those who divorce in their 20’s and 30’s, so-called “gray divorcees” have less time available to makeup budget shortfalls in anticipation of retirement.

Pet disputes in Illinois divorces

When pet owners are divorcing, what will happen with the family pets can be a very big issue. Spouses might reach an agreement on where the pets will live and who will take care of them moving forward. But what if you and your spouse aren’t able to come to such an agreement? What will Illinois courts consider when it comes to pet disputes in a divorce?

In most states, pets are considered to just be property in divorces. Courts in these states typically use property-division-like factors when deciding on pet-related disputes among divorcing spouses. However, Illinois is now among the states that takes an alternate approach to such disputes.

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