When two people get married, they combine their lives as well as their possessions. “Yours” and “mine” becomes “ours.” This can make it very difficult to determine who owns what during a divorce. If you or your spouse own jewelry, you may wonder how this particular type of asset is dealt with during an Illinois divorce. Jewelry can not only have great financial value, it often has tremendous sentimental value as well. Asset division can be tricky and determining ownership of a piece of jewelry is not always easy. Read on to learn more.
Marital and Non-Marital Property
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