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What Happens to Retirement Accounts and Pensions in a Chicago Divorce? - Caesar & Bender, LLP
From Caesar & Bender, LLP - What Happens to Retirement Accounts and Pensions in a Chicago Divorce? explores how retirement accounts and pensions are classified, valued, and divided under Illinois law, offering a detailed look at the legal and financial considerations that shape equitable distribution. The discussion centers on how the Illinois Marriage and Dissolution of Marriage Act (IMDMA), 750 ILCS 5/503, governs marital versus non-marital property, and why contributions made during a marriage—regardless of whose name is on the account—are typically subject to division.
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