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Tag: house

“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein.

Home improvements in an Illinois divorce
Marital Property

Home Improvements And Divorce In Illinois

A house is often a married couple’s greatest asset. How they treated that house during the course of their marriage will determine the value of the house and the subsequent allocation of that value during

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Homestead Illinois
Property Division

Homestead Rights And Divorce In Illinois

In America, the ability to own a home is part of the American Dream. In furtherance of this, there are numerous laws which encourage home ownership such as the mortgage interest deduction and the concept

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Marital House Illinois
Divorce

Who Gets The House After An Illinois Divorce?

A house is a peculiar asset in an Illinois divorce. A house is usually the biggest asset and the biggest debt that two married people share. Moreover, a house’s mortgage is usually the biggest monthly

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House Value In Divorce
Divorce

How To Value A House In a Divorce

For most divorcing couples the marital home is the most valuable asset they have.  If that house was purchased while the couple was married, the house is a marital asset and therefore divisible in a

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