What Happens to Property During a Divorce in Bloomington, IL?
Divorce is tough, and figuring out who gets what can make it even harder. If you’re getting a divorce in Bloomington, IL, it’s important to know how property and debts are divided. Illinois has specific rules to make sure things are split fairly, and understanding these rules can help you feel more in control. How Property is Split Illinois uses a system called “equitable distribution.” This means that property and debts from the marriage are divided fairly, but not always 50-50. The court looks at things like how much each person earns, what they contributed to the marriage, and what they’ll need in the future. For example, if one person stayed home to take care of the kids, they might get a bigger share of the property. What Counts as Marital Property? Not everything you own will be divided. Marital property includes things you got during the marriage, like a house you bought together or a car you both used. Non-marital property is stuff you owned before the marriage, like an inherit...