Tag Archives: Equitable Distribution

Top Ten Myths in Illinois Divorce Cases [Myth #2]

Myth: Illinois is a 50/50 property division state. Probably one of the most commonly asked questions I receive from clients is, “Is Illinois a 50/50 property division state?” It can be, but not necessarily. 50/50 states are known as community property states; California, Louisiana and Wisconsin are examples. Illinois is what is called an equitable […]

Divorcing in a Volatile Economic Market

In uncertain times, dividing the matrimonial pie is more than slicing equal pieces For couples contemplating a divorce, the volatility in the financial and real estate markets has created an impediment that has left many questioning how they will achieve future financial security while attempting to establish two households.  A common goal may be to […]

Alimony in Lieu of Property

Under Illinois divorce law, the so-called “equitable distribution” principle (enacted in 1977) allows courts to allocate marital property in myriad ways.  The asset mix in the “marital pot” in numerous cases, however, does not lend itself to a percentage division that a court is likely to order (or on which the parties might ideally agree).  […]

Equitable Doesn’t Mean 50/50

A Primer on How Property is Divided in an Illinois Divorce Case If you follow the tabloids and Hollywood divorces, you might mistakenly believe that property is automatically divided 50/50 in a divorce.  While that is true in community property states like California, it is not true in Illinois.  Illinois is an equitable distribution state, […]