When a couple gets divorced in Illinois, they will have to go through property division proceedings to divide their assets and their debt. Many couples understand this and know how complicated property division can become. To avoid these complexities, many couples decide to keep their property separate even after they have married. They might use separate bank accounts, take out individual lines of credit, and take other measures to ensure their property is not combined.
The question is, will this really help in divorce and does it make property division easier?
Property Division in Illinois
During a divorce, any property the couple acquired during the marriage is typically considered marital property. As such, it will be divided fairly during the proceedings, although not necessarily equally....