Your home may be one of your most treasured assets in your marriage. However, you may wonder what will become of it in your divorce if your name isn’t on the deed. The answer is complicated, and may hinge on a number of different factors. The important thing to keep in mind is that the name on the deed matters less than when the house was acquired.
A Yorkville, IL divorce lawyer can clear up your questions and help protect your interests in the division of property. At Goostree Law Group, our attorneys have been recognized with numerous awards, including recognition as Super Lawyers and among the “10 Best” for Client Satisfaction by the American Institute of Family Law Attorneys, and we are ready to offer tailored legal guidance.
What Makes a Home Marital or Separate Property in Illinois?
In Illinois, the deed is an important document, but it is not the sole deciding factor in ownership. Just because only one spouse’s name is on the deed does not automatically mean the house is “off-limits” in asset division.