When you receive an asset from a deceased loved one – whether in the form of a monetary gift or something physical like real estate – you might naturally want to protect it. However, divorce can raise questions about property ownership that have to be addressed during the division of assets. A Yorkville, IL divorce attorney can discuss your options to protect your inheritance and work to protect your long-term stability.
At Goostree Law Group, we have decades of experience handling complicated divorce and family law cases. We know how to approach contested cases when valuable property is on the line, whether the matter needs to be resolved in litigation or negotiation.
Is an Inheritance Marital or Separate Property in Illinois?
Illinois law classifies property as either marital or non-marital. Property acquired by either spouse through inheritance is considered non-marital property (750 ILCS 5/503). That means it generally belongs to the spouse who received it, not to both spouses together.