Separate Property “Loan” Is Gift to the Marital Community

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007
8111 Legal Services

State Court
Illinois
Court of Appeals

Summary

The Illinois Court of Appeals determined that the wife’s separate property transferred to the husband’s separate property business during the marriage and included on the business’ financials as a loan was a gift to the community. It found that the transf ...

See Also

In re the Marriage of Gail W. Didier v. Martin W. Didier

The Illinois Court of Appeals determined that the wife’s separate property transferred to the husband’s separate property business during the marriage and included on the business’ financials as a loan was a gift to the community. It found that the transf ...