The Equalizer

Interactive Asset Division Worksheet

Marital Balance Sheet

Asset Name
Value ($)
Assigned To

Settlement Target

Total Estate $0
50/50 Target $0
My Column
$0
Spouse Column
$0
Equalization Payment
$0
Balanced

How Asset Division Works in Illinois

Illinois is an "Equitable Distribution" state, meaning assets are divided fairly, but not always equally. However, 50/50 is the most common starting point for long-term marriages.

  • Step 1: List all assets (House, 401k, Cash, Cars).
  • Step 2: Value them (Fair Market Value).
  • Step 3: Assign them to one party or the other.
  • Step 4: Calculate the "Equalization Payment" needed to balance the ledger.
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