Most people’s biggest asset is their house. But, the marital home is typically held by two people as a couple together because, as a couple, they were eligible for the mortgage. Outside of the tax advantages of paying a mortgage every month, a mortgage is also an enforced savings program. If you own your house…
Often clients first questions are “should I move out? If I move out won’t I be accused of abandoning the family or relinquishing my claims to the marital home?” In regards to children, parenting time and custody issues, moving out is a strategic decision that must be handled carefully. Especially with the disparities between Chicago…
In short, it depends how the family home was held. If the family home was held in your name exclusively and you used those non-marital funds (usually an inheritance) to pay the mortgage of the home, then you could have reasonable chain of title showing that this property was non-marital and remained non-marital because the…
