
Illinois is an “equitable division” state, which means that during a divorce, all marital property should be equitably divided between the parties. Some assets are easier to split, like shared savings accounts and vehicles. But for some, it gets even harder to negotiate who keeps what and who leaves it. This includes dividing a family home and dividing a business and all its assets.
It doesn’t matter who spent most of their time working to build the business; if it was started after marriage, it automatically becomes marital property. In circumstances where one spouse started the business before
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