303 W. Main Street, West Dundee, IL 60118
 | 847-428-7725
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100 Illinois Street, Suite 200, St. Charles, IL 60174
 | 630-200-4882
By Appointment Only
West Dundee, IL847-428-7725
St. Charles, IL630-200-4882
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Kane County Prenup Lawyer

When couples decide to get married, they may have a prenuptial agreement prepared before the wedding. A prenuptial agreement (prenup) goes over how a couple will divide their assets and handle other matters if they were to get a divorce. 

Marriage trends in society constantly change over time. A shift in gender roles, lifespan, and expectations of marriage have led to an increase in the prevalence of prenups with the millennial generation. 

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West Dundee divorce property division attorneyIf you are considering entering into divorce proceedings, you may be wondering what will happen to the property you own. Each state has its own laws that determine how to divide property in a divorce. In Illinois, the law states that property must be divided in an equitable, but not necessarily equal, manner. Before the court can make the decision regarding how to divide the property, the property first needs to be divided into two categories: marital property and non-marital property. 

Marital Vs. Non-Marital Property

Marital property includes any property or debts that were acquired during the course of the marriage by either spouse. The types of property that are considered marital assets may vary widely. The scope of what is and is not marital property does not stop at large purchases; it can be any type of physical property or financial assets that the couple has in their home or elsewhere. However, some assets may not be considered marital property even if they were acquired during the marriage, such as if the item was a gift or inheritance. 

Most non-marital property consists of assets that were acquired by either spouse before the marriage. However, non-marital property can also include property received in exchange for other property which was acquired before the marriage, property acquired by a spouse after a legal separation, or property not included as marital property because of a legal agreement between the spouses (such as a prenuptial agreement). 

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