Legal Question in Family Law in Illinois
I am buying a house in Illinois to live in when i separate from my husband. Once settled I plan to file for divorce. What do I need to do so this house doesn't become marital property
Asked on 8/27/19, 4:19 pm
1 Answer from Attorneys
Jonathan Shimberg
Shimberg and Crohn, P.C.
If you buy it while you are married, it will be presumed to be marital property. In theory the only way to make it meaningless is to get a 97% mortgage, where you will have no equity.
Answered on 8/28/19, 6:27 am