Understanding Marital vs. Non-Marital Property

In this episode of the Illinois Divorce Guide Podcast, Greer Howard and top Illinois divorce attorney Bobby Buchanan dive into one of the most important financial aspects of divorce: understanding the difference between marital and non-marital property.

From inherited assets and retirement accounts to real estate and debt, Bobby breaks down what gets divided during a divorce—and what doesn’t. You’ll learn how Illinois law classifies assets, how “commingling” can impact ownership, and what “transmutation” really means in divorce proceedings.

Bobby also shares insight into equitable division (hint: fair doesn’t always mean equal) and explains how tools like prenuptial and postnuptial agreements can help protect your interests. Whether you're contemplating divorce or already in the process, this episode offers clarity and practical knowledge to help you make informed decisions about your financial future.

🎧 Listen now to understand:

• What qualifies as marital vs. non-marital property
• How courts approach asset division in Illinois
• Why “mixing” your assets might change ownership classification
• The impact of inheritance, mortgages, and renovations
• How to safeguard your assets during marriage

Disclaimer: This podcast is for informational purposes only and does not constitute legal advice. Please consult a professional for legal guidance specific to your situation.

Connect with Us:

📺 Watch More on YouTube: https://www.youtube.com/@illinoisdivorcetv/
🌐 Learn More: https://www.rbbfirm.com
📞 Consult Bobby’s Firm: 312-757-4833
📧 Email: [email protected]

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