We've been talking about marital and non-marital property and how the law deals with the division of property in a divorce or separation. When we left off in our last post, we were talking about property acquired before the marriage that increases in value during the marriage. Illinois courts must consider several factors in these matters, including the contribution each spouse made to the increase in value.
We've talked about the McCourt divorce before. The couple has been arguing over the ownership of the Dodgers baseball team that he, or they, acquired during their marriage. The case has involved conflicting contract language and months of court time. (The couple is in settlement talks at this writing.) When the ownership agreements between the husband and wife were thrown out, the court left the McCourts to figure out the division of property on their own.