When most people think of marital assets that get divided in a divorce, things like houses, cars, and retirement accounts usually come to mind. However, there are various other types of assets that couples going through a divorce may have to divide. It is important to determine how these unusual assets will be divided early on in the divorce process to reduce the risk of headaches down the road.
Marital vs. Non-Marital Property
While marital property is divided in a divorce, non-marital property is not. According to the Illinois Marriage and Dissolution of Marriage Act, marital property includes any assets or debts that either spouse acquired while they were married. Anything else is considered non-marital property.
Examples of Unusual Assets
Unusual marital assets in a divorce can be tangible or intangible. Several examples of tangible assets that can be seen or touched include:
Examples of Intangible Assets
Although intangible assets cannot be seen or touched, they are still taken into account during divorce cases. Intangible assets may include:
Contact Our Experienced DuPage County Child Support Lawyers
For more information on unusual assets and how they can play an important role in your divorce, contact our highly skilled DuPage County child support lawyers at Mevorah Law Offices, LLC.
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