Most people are aware that divorcing couples need to divide their assets, but if you have never been divorced before, it can be hard to imagine everything that entails. Splitting money in a shared account and dividing stocks and bonds might seem straightforward, but when it comes to deciding what to do with your home, it can quickly become much more complicated.
You may feel strongly about keeping your home, especially if your children have grown up there and you are their primary caretaker. Unfortunately, a judge can force you to sell your home during divorce, even if you object. Illinois courts have broad authority to divide marital property in whatever they consider to be a fair way. That includes ordering the sale of the home, if that is the fairest way to divide assets between spouses. To understand more about what might happen to your home in a divorce, speak with a qualified Chicago, IL divorce lawyer who can answer your questions and offer valuable insights.