Most states, including Illinois, are considered equitable distribution states. If you are getting divorced, you have probably heard this term. It refers to how your assets will be divided between you and your spouse when the divorce is finalized. The Huffington Post explains that equitable distribution is based on the idea of the court fairly dividing up property.
Going through the divorce process is often emotional and may seem overwhelming to some. People are forced to negotiate terms of the divorce settlement that may be difficult to handle. One of the most problematic is often the division of property, as it can be hard to separate property and assets that have been accumulated during the course of the marriage. In Illinois, marital property is divided between the couple once the judge presiding over the case has carefully considered several factors surrounding the divorce, and has determined what is fair and equitable. However, not all items are eligible for division.