Going through a divorce is never simple. There are a variety of factors that must be taken into consideration when separating from a spouse. One of the biggest challenges that people come across, is separating their property. The Law Office of David A. King, P.C. explains how you can go about dividing your personal and marital property. 

During a divorce, property can be divided into two categories. You can have items that are considered personal property and other items that are labeled as marital property. Depending on where you live, the division of assets is different. Illinois is an “equitable division” state, meaning, marital property during a divorce does not have to be split evenly. You also have the flexibility to come up with a property settlement agreement with the other person involved. By law, the agreement between you and the other person will be respected. 

Furthermore, you do not have to consider all your items when dividing property. The assets you consider to be personal property are yours. The Law Office of David A. King, P.C offers some suggestions for figuring out what items are personal property. If you were given the item as a gift or if it came into your possession before marriage, the item would be your personal property.  

For more information, you may visit Determining Who Gets What in a Divorce – How to Divide Personal Property.