Property Division Attorney in Oakbrook Terrace, Illinois

What’s the difference between marital and non-marital property?

Chicago, IL family law attorney Michael Lodermeier explains the difference between marital and non-marital property.

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00:04
the difference between marital and
00:06
non-marital property
00:08
is in essence how and when the property
00:11
was acquired
00:12
it’s significant because the court can
00:15
only divide
00:16
marital property what i tell people to
00:19
think about
00:20
property in three different buckets you
00:22
have the marital bucket
00:24
and you have a wife’s non-marital
00:27
property and a husband’s non-marital
00:29
property
00:30
and so non-marital property is
00:31
properties that come to that person
00:34
prior to the marriage
00:35
and is maintained separate from the
00:37
marriage
00:38
kept in their soul names and handled
00:40
separately
00:42
it is also inclusive of
00:45
direct inheritances that are also kept
00:48
separate and there are some other
00:50
exceptions but those are the general
00:52
uh rules the marital portion the marital
00:55
bucket
00:56
is everything that people start to
00:57
acquire after they say i do
00:59
and that continues to grow until the day
01:02
the judge
01:03
signs the judgment so in that time frame
01:06
the property inquiry during
01:08
that period of time would be considered
01:09
marital with exceptions
01:11
which would be something i’d have to
01:12
talk to somebody about their specifics

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