Illinois isn’t a neighborhood property state. As an alternative, it follows the ideas of equitable distribution. Which means in a divorce, marital property is split pretty, not essentially equally. For instance, whereas a 50/50 break up is widespread, a decide could take into account elements like every partner’s contribution to the wedding, financial circumstances, and period of the wedding to find out a simply division of property.
The equitable distribution system goals to offer a versatile and individualized strategy to property division, recognizing that every marriage and its monetary dynamics are distinctive. Traditionally, many states operated below common-law property guidelines the place possession was typically solely tied to the person who earned or acquired the asset. The shift in direction of equitable distribution displays a broader societal recognition of the non-financial contributions spouses make to a wedding.