Posted on December 18, 2018 in Divorce

When two people get married, they usually have every intention of building a life together. In most cases, this means sharing their assets and assuming joint responsibility for their debts and obligations. When a couple decides to get divorced, they are faced with the task of dividing those shared assets and debts. Under the law in Illinois, marital property must be divided between divorcing spouses in a manner that is fair and equitable based on the couple’s circumstances.

It can be difficult, in some cases, to know for sure whether a particular asset should be considered marital property. This is especially true for high-value assets like a car or the marital home that might have only one name listed as the owner. Can an asset that is titled in the name of just one spouse be considered marital property during divorce?

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