In most cases, property that is individually held by a spouse and was acquired before the marriage is considered the non-marital property of that party. This may include assets, debts, and other obligations.
Section 503 of the Illinois Marriage and Dissolution of Marriage Act defines property as non-marital if the property is:
Property considered non-marital in Illinois may also include:
Income from property acquired by a method listed in paragraphs (1) through (7) of this subsection if the income is not attributable to the personal effort of a spouse.
Assets with mixed characteristics can be divided by the courts in several ways. In the case of a pension, for example, the value of the pension at the time of the marriage, along with any accumulated interest, could be considered non-marital in character. However, after the marriage contributions made toward the pension as well as any growth on that amount may be considered marital in character. This is a simplified example, and issues with characterizing, determining and allocating an asset as marital or non-marital are often much more complex.
In sum, non-marital property is (generally) any property that one spouse obtained during the marriage through gift or inheritance or owned prior to the marriage, including any income or debt that flows from that property, appreciation in the value of the non-marital property, a property exchanged for a non-marital property, or property purchased exclusively with proceeds from the sale of non-marital property. However, there are ways in which non-marital property can be converted to marital property during the marriage.
Retaining a highly-experienced and knowledgeable Chicago based divorce attorney is important to ensure that the proper characterization and allocation of marital and non-marital assets will occur. Contact WARD FAMILY LAW, LLC, today.
I'm so thankful that I found Jennifer and her awesome team to help me with my divorce! It was incredibly stressful and scary to go through this process, especially with two little ones, but she has given me the support and confidence that I need. She is extremely intelligent, level-headed, supportive, and reasonable! I was anxious in the beginning thinking that I would have to go to court, but she gave me the peace of mind that I needed to get thru it and not be anxious. I would highly recommend her to anyone going through this difficult process. I…
She is a nice lawyer. She helped me to fix my passport issue among other things, including family problems.
Initially, I'd thought to navigate through troubled waters on my own in the divorce process due to the cost. I hadn't before needed representation in any court case, and, not being familiar with the costs involved in having a lawyer, I was worried about moving forward with one. My fear was the expense. I felt comfortable with Jennifer Ward from the moment I first spoke with her - contacting her to set up a consultation costs you nothing. In the end, the retainer and fees spent to end my case on a high note were worth every penny. They sent…
As with most family law issues emotions were running very high and I needed legal help with my divorce and to reach my goals for parenting time with my children. I found WARD FAMILY LAW after a lot of research and everyone there worked out great for me. Jennifer and Tania always took the time to listen to the situation and really assess what the best plan of action would be. They really helped with the situation and helped me get to a place of peace with my divorce and time with my children. I highly recommend them!
Jennifer Ward and the lawyers at WARD FAMILY LAW were the perfect attorneys for me in a very complex and challenging child custody case. This was an intensely painful, frustrating and contentious relationship with the father throughout the months it took to resolve parenting time. Jennifer was patient, affirming, honest, realistic, and available at every turn. She explained the various court actions and helped me balance the risks and benefits of each move. Her advice was right on. After countless court dates, I got more than I could have ever imagined or dreamed of. Words can't express the gratitude I…
Jennifer Ward of WARD FAMILY LAW made me feel safe and comfortable, but most importantly heard. Her whole legal team was professional and communicated well. Fast responding when I had questions... I feel like they really understood my concerns and backed me up and that felt good! I would recommend her to anyone looking for support through the divorce process.
I typically do not do reviews but after my experience interviewing lawyer after lawyer, I felt compelled to share my experience. So many offer a “free consultation” but don’t be fooled. Often this is just to get you in their office and start charging. I was referred to Jennifer by a friend and didn’t go right away. When I felt like I had exhausted all my options I called Jennifer for her free initial consultation - which was actually free - she took the time to listen to all the facts of my case, my concerns, what outcome I was…
Highly recommended. I know Jennifer Ward personally and professionally - she has an apt ability to provide meaningful insight and clarity into complex issues. I have and will continue to recommend her services to anyone seeking legal assistance.
Jennifer was very helpful, professional and gave me very sound advice. The process was quick because she filed everything in a timely manner. I'm very happy with how she represented me.
Working with Jennifer was a smooth and seamless process. I was most impressed with her negotiation skills, attention to detail, and knowledge of the law. I highly recommend WARD FAMILY LAW to anyone looking for a skilled attorney.
How did we do?
Note: Your review may be shared publicly.