Before you and your spouse can divide property in your Illinois divorce, you will need to identify marital assets and assign a value to them. When it comes to assets such as bank accounts and homes, not much guess work is involved. However, if you and/or your spouse...
Month: December 2020
How might a divorce split-up a family business?
Family-owned enterprises may have options to consider during a divorce, including selling the business and splitting the proceeds. If you plan to continue operating a business after your divorce, however, you may also buy out your spouse, just as you would a partner. ...
How to divide a business in a divorce
Dividing up assets during a divorce is challenging enough, but when the couple is in business together, there are even more complications. If each is a co-owner, there are usually three ways to proceed when deciding what to do about the company. In most cases, there...
