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Salvi, Salvi & Wifler, P.C. — Lake Zurich, Illinois Attorneys

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Salvi, Salvi & Wifler, Lake Zurich, IL: three generations of attorneys serving clients throughout Lake, Cook, Kane, McHenry and DuPage Counties since 1952. Work with the best Family Attorrney in Lake Zurich Illinois - Contact Us Today at https://www.salvisalviwifler.com/

How does a court split up property in a divorce? The Law Firm of Salvi, Salvi & Wifler

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Learn How does a court split up property in a divorce? Illinois is called an “equitable distribution” state, meaning that when a couple divorces, their marital property must be fairly divided. The parties can reach a fair agreement regarding the division of property or can ask the judge to make a ruling on the matter. The court first determines whether property is marital or non-marital property. Non-marital property includes property that was acquired before marriage, by gift, by inheritance or subject to a prenuptial or postnuptial agreement. Then, it determines a fair distribution of property based on several factors, including the following: • Each party’s contribution to the marriage, including economic and non-economic contributions • The extent that any party wasted the marital estate • The value of each party’s non-marital estate • The economic situation and earning power of each spouse • Whether the primary custodian of the children wants to retain the marital home •...