Our Services
- Divorce
- Child Custody
- Child Support
- Child Representation
- Collaborative Law
- Maintenance
- Parentage
- Prenuptial
- Post-Divorce
- Visitation
Illinois Divorce and Family Law Weblog
Helping You and Your Family get through DivorceSM.
Weblog of DuPage County Attorney Raiford D. Palmer, focusing on divorce and family law.
(Copyright© 2005-2008 by Raiford D. Palmer. All rights reserved.) This blog is for advertising only and the contents are not legal advice.
Tuesday, October 02, 2007
Division of Business Assets in Divorce
The division of business assets in divorce is a complex topic. The short story is that a business (or ownership interest in a business) held by a spouse is marital property subject to equitable (fair) division by the Court. If the business was owned by a spouse prior to the marriage, the growth in that interest during the marriage can be considered marital property. Frequently business valuations are performed by certified accountants to determine the value (or growth) of a business interest.
If you or your spouse own a business (or part of a business) and you are (or will) be involved in a divorce, please contact us today.
Labels: business, divorce, marital assets, marital property
posted by Raiford Palmer at 2:04 PM
