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What Happens to Property Owned Before Marriage? - Debbie Cohen
From Cohen Law LLC – In this episode, we take an in-depth look at the key points from the article 'What Happens to Property Owned Before Marriage?'. This episode explores how Illinois law classifies property during a divorce, focusing on the distinction between marital and non-marital assets. Under the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5/503), property acquired before marriage is generally considered non-marital. However, maintaining its status requires careful planning and management. We'll discuss the potential risks that arise if property is commingled with…
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