Business Interests In A Divorce

When a spouse owns a business the business may be a marital asset. In a Chicago divorce, if either party has an interest in a business that business can be appraised and if it is a marital asset it may be equitably distributed between the spouses. The value of the business may include inventory, good will, accounts receivable, etc. In anticipation of divorce, some business owners may stockpile inventory, hoard revenue and overspend on their business in an attempt to avoid sharing the financial value with their spouse. The specific circumstances and history of each Chicago divorce case will influence whether the retained earnings, inventory and expenditures are legitimate business practices or not.

Recent Post

Addiction and Child Custody Cases in Illinois

Addiction is understandably a sensitive subject when parents disagree about how they will care for their children.  Whether it is the mother or the father, or both, who have addiction issues, the court’s primary objective in these cases remains the best...

Illinois Child Support: A Comprehensive Guide

Navigating the complexities of child support in Illinois can be a daunting task for many parents. Whether you are going through a divorce or seeking to understand your obligations or entitlements, having accurate information and good legal counsel crucial. In this...

Key Differences Between Illinois Prenups and Post-nups

Illinois Premarital Agreements Most people have heard of premarital agreements (often referred to as "prenups").  The law defines prenups as contracts drafted and signed by a couple prior to their marriage.  Illinois has a statute, known as the Illinois Uniform...

Divorced Parents Disagree over Covid Vaccines

Now that Covid vaccines are approved for children that are 12 years of age and older, some Chicago divorced parents disagree over Covid vaccines. Specifically, some divorced parents disagree as to whether their children should receive the vaccine.  Some parents...


If you are looking for legal advice and representation with an Illinois divorce, schedule a consultation with experienced Chicago divorce attorney, Tanya Witt, at (312) 500-5400 or

Representing men and women in Chicago divorce and child custody cases.

This blog does not constitute legal advice. Please consult with an attorney regarding your specific case.