10. Understanding Marital vs. Non-Marital Property

03/06/2025 27 min Temporada 1 Episodio 10
10. Understanding Marital vs. Non-Marital Property

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Episode Synopsis

In this episode of the Illinois Divorce Guide Podcast, Greer Howard and top Illinois divorce attorney Bobby Buchanan dive into one of the most important financial aspects of divorce: understanding the difference between marital and non-marital property.From inherited assets and retirement accounts to real estate and debt, Bobby breaks down what gets divided during a divorce—and what doesn’t. You’ll learn how Illinois law classifies assets, how “commingling” can impact ownership, and what “transmutation” really means in divorce proceedings.Bobby also shares insight into equitable division (hint: fair doesn’t always mean equal) and explains how tools like prenuptial and postnuptial agreements can help protect your interests. Whether you're contemplating divorce or already in the process, this episode offers clarity and practical knowledge to help you make informed decisions about your financial future.🎧 Listen now to understand:What qualifies as marital vs. non-marital propertyHow courts approach asset division in IllinoisWhy “mixing” your assets might change ownership classificationThe impact of inheritance, mortgages, and renovationsHow to safeguard your assets during marriageDisclaimer: This podcast is for informational purposes only and does not constitute legal advice. Please consult a professional for legal guidance specific to your situation. Connect with Us: 📺 Watch More on YouTube: https://www.youtube.com/@illinoisdivorcetv/🌐 Learn More: https://www.rbbfirm.com📞 Consult Bobby’s Firm: 312-757-4833📧 Email: [email protected] If you found this episode helpful, be sure to subscribe, rate, and review to help others going through the divorce process.

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