Larry O. Brockman, Attorney at Law
Larry O. Brockman
Attorney at Law
Sole Practitioner Location: Swansea, Illinois
Marital Property Division
The Courts strive to make an equitable division of marital property. Under Illinois Law, marital property generally includes
all assets and debts accumulated during the course of the marriage. Non-marital property has been defined under Illinois
Law as property received as a gift or property which has been inherited by one of the parties. Under certain circumstances,
non-marital property can be transmuted or comingled with marital property and lose its status as a non-marital asset.
Marital property can include:
- Corporate interests
- Real estate
- Savings, checking and money market accounts
- Credit card debt
- Stock options and deferred compensation
- Retirement benefits that were earned during marriage
Under Illinois Law, the Courts will use the standard of "equitable property division." The term "equitable" does not necessarily mean a 50/50 division.
Larry O. Brockman, Ltd.5 Executive Woods Court
Swansea, IL 62226
Phone: 618-233-5052
Fax: 618-233-5396
