For many mothers, getting child support established during a divorce or separation is important for maintaining stability in the home.
To help you protect your property and your best interests during a divorce, our attorneys are prepared to advocate for you.
When mothers file for divorce, child custody issues are a top concern. Our lawyers focus on and advocate for mothers’ rights.
Whatever the circumstance, parental responsibilities can still be allocated, and both parents can share important decision-making responsibilities and parenting time.
After years or sometimes decades of marriage, elements of a divorce, such as the division of marital property, can become quite complicated.
Most people are unfamiliar with the divorce process. We will help you create & execute a plan to manage the difficulties that come with ending a marriage.
Working with an experienced attorney who can help you to ensure that a business valuation occurs in a fair and accurate matter is essential.
We provide the caring, compassionate service you need while using our legal knowledge and experience to bring perpetrators to justice.
Not only is divorcing an emotional decision that results in you and your partner parting ways, but it may also be a large financial decision, too. When couples in Illinois divorce, they must determine how any property that they own will be divided. For property owners, this can pose a particularly difficult dilemma.
Illinois is an equitable distribution state, which means that all non-marital property will be given to the spouse who owns it, and all marital property is subject to division in a manner that is fair. Marital property is considered all property acquired during the course of the marriage, with the exception of property that is gifted or left to a party through inheritance. A business, then, could be considered joint or separate property, depending upon the specifics of the situation.
If a business is considered marital property, however, then both spouses have a stake in it. Couples are encouraged to come to a property agreement out-of-court – a few potential ways of dividing interests in a business include:
In order to even entertain any of the potential options listed above, it is essential that the business is valuated and that the income and resources of both parties are fully disclosed. Working with an experienced attorney who can help you to ensure that your spouse is not hiding any assets, and that a business valuation occurs in a fair and accurate matter, is essential. At the offices of Women’s Divorce & Family Law Group, we work closely with a number of independent business appraisers and other financial experts who can assist you with both.
In addition to determining what your business is worth, as well as the value of all other marital property, our attorneys can also draft and negotiate a potential business division offer that protects your best interests.
When you are going through a divorce, having your business or a portion of your business taken from you too is the last thing you want to face. At the offices of Women’s Divorce & Family Law Group, our experienced Chicago attorneys focusing on divorce for business owners are ready to help you to understand the complexities of divorce for business owners and what your options are. Contact us today to schedule a consultation and learn more.