Illinois Family Law: Business Interests in a Divorce

Rincker Law Family/Matrimonial Law Leave a Comment

A business is an asset. Just because one spouse acquired a business interest before the marriage does not mean that it, or part of it, is not going to be considered marital property. In Illinois, business interest is subject to equitable distribution if: • the business ownership was acquired during the marriage; • there was an increase in value of …

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