Through the dissolution of marriage proceedings in Illinois, a frequent level of competition entails the marital residence. The allocation of this vital asset necessitates cautious consideration of authorized statutes and particular person circumstances. The result hinges on whether or not the property is deemed marital or non-marital, impacting its potential division.
The equitable distribution of property in a divorce seeks equity, not essentially a 50/50 break up. Components influencing the choice embody every occasion’s contribution to the property’s acquisition and upkeep, the financial circumstances of every partner, the size of the wedding, and any dissipation of property. Historic context exhibits a shift from contemplating solely monetary contributions to a extra holistic analysis encompassing non-monetary contributions as effectively.