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Illinois Law - What Factors Do Courts Consider in Property Division
Marital property is divided fairly, not considering the behavior
of the parties, but considering the following:
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The contribution of each party to the marital or non-marital property;
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The contribution of a spouse as a homemaker or otherwise to the family;
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The loss or wasteful spending by either party of the marital or non-marital property;
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The value of the items of property assigned to each spouse;
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The duration of the marriage (longer marriages tend to result in more compensation to a homemaker spouse);
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The financial situation of each spouse;
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The desirability of awarding the family home, or the right to live there for reasonable periods,
to the spouse having custody of the children;
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Child support or spousal maintenance that either party is paying or receiving from an earlier marriage;
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Any other obligations and rights arising from an earlier marriage;
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Any prenuptial agreement of the parties;
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The age, health, station, occupation, amount and sources of income, vocational skills, employability,
estate, liabilities, and needs of each of the parties;
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The custodial provisions for any children (the spouse with custody needs more property);
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Whether or not there will be spousal maintenance in addition to the property division;
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The reasonable opportunity each spouse has for future income and other property;
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The tax consequences of the property division.
The court may also set up a trust fund for a child, using the marital property.
Section 5/503(d).
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