Injury settlements are generally classified as marital property when people divorce in Illinois, but there are exceptions. Although judges consistently rule that awards for injuries acquired during the marriage should be equitably divided, property interest begins on the date of the accident, not when the settlement check is received. Settlements may be determined to be non-marital property when people were hurt before they became married. How Marital Property Is Defined in … [Read more...]
What Happens to an Injury Settlement in an Illinois Divorce?
