Dividing A Business In An Illinois Divorce
When a couple divorces in Illinois, one of the most complex issues that may arise is what happens to a business owned by one or both spouses. A business is often one of the most valuable marital assets, making its division a significant concern in the property settlement process. Under Illinois law, business interests may be subject to division if they are considered marital property under the Illinois Marriage and Dissolution of Marriage Act (750 ILCS 5/503).
While courts strive to divide marital assets equitably, they do not always force one
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