Dividing a business during a divorce in Illinois can be complicated. Illinois follows equitable distribution laws, which means assets, including businesses, are divided fairly—not necessarily equally. Whether your wife is entitled to part of your business depends on several factors, such as whether the business is considered marital property, her contributions, and the existence of any prenuptial agreements.

A prenuptial or postnuptial agreement can offer protection, as it defines ownership of assets like businesses. If you don’t have one, determining the business’s value will be a key part of the process to decide how much of its worth may be allocated.

We understand the complexities of dividing businesses in Illinois divorces. Baumert Law is here to help you address these challenges, protect your interests, and achieve the best possible outcome. Contact us today to learn more. Contact us today!