What is meant by marital property and separate property in Illinois?
In Illinois, the parties’ “marital property” will be divided between the divorcing spouses. Marital property includes the assets and debts that were acquired during the length of the parties’ marriage. Any property acquired prior to the date of marriage by a spouse is the separate property of that spouse. Gifts and inheritance specifically given to one spouse is separate property. Any income generated from separate property generally is also separate property to the extent that it has not been mixed together with marital property.
