Illinois isn’t a group property state. As an alternative, it follows the ideas of equitable distribution. Which means that in a divorce, marital property is split pretty, not essentially equally. For instance, whereas a 50/50 cut up is widespread, a choose could think about components like every partner’s contribution to the wedding, financial circumstances, and length of the wedding to find out a simply division of belongings.
The equitable distribution system goals to supply 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 the direction of equitable distribution displays a broader societal recognition of the non-financial contributions spouses make to a wedding.