Dividing assets accumulated during a marriage can be one of divorce’s most complicated and nerve-wracking processes. One question that sometimes arises is whether wedding gifts are subject to division. Suppose you have concerns regarding property division in your Illinois divorce. In that case, competent lawyers are available to ensure that your future is safeguarded and that the decisions made during the division of assets process can fully support and safeguard your best interests.
Classification of Wedding Gifts
In Illinois, wedding gifts are generally considered marital property. This is because wedding gifts given before the marriage are intended to benefit both spouses instead of one individual spouse. It is also important to remember that most wedding gifts are given to the couple jointly rather than individually. So, as long as the gift was intended for both spouses, it is likely considered marital property and thus subject to division in a divorce.