Legal Question in Family Law in Illinois
I left my husband in May of 2011. We have been living separately since then. We are in the process of divorcing. I am considering purchasing a townhome, which my parents will pay for. If they put the townhome in my name should I be concerned that my future ex huband can lay claim to half of it as community property or marital asset.
1 Answer from Attorneys
Illinois does not have "community property". If your parents pay for it and none of your funds from your marriage are used, it should effectively be a gift to you from them that would not ordinarily be considered a "marital asset". However if they are gifting the house to you, why not put it in their names until your divorce is finalized? You should be talking to a divorce attorney because this and other issues could come up.
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