Legal Question in Family Law in Illinois

Why not keep it in your parents' names? Normally a gift is not marital property as long as it is in your name only and you pay 100% for everything: insurance, gas, upkeep, garaging, tires, etc.

The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is currently licensed to practice law actively only in the State of Illinois, inactively in Florida. Responses are based solely on Illinois law unless stated otherwise.