Wheaton, Illinois Business Valuation Attorneys
DuPage County Divorce and Family Law Lawyers
Issues of property division in a divorce are almost always complex. When those assets include a business, these issues become even more complex. Determining the value of a business can be very difficult particularly when a business is owned jointly by another party or multiple parties. At the Abear Law Offices, we are experienced in handling divorces that involve complex business valuations.
Business Valuation in Property Division
In a divorce, all assets that are considered marital property are subject to equitable distribution. If you start a business during your marriage or if your business increases in value in part due to the efforts of your spouse during your marriage (i.e. providing child care so that you can run the business), some or all of the value of the business may be divided in a divorce.
In order to determine an equitable distribution of a business, the business must first be appraised. Attorney Anthony Abear is experienced in working with financial professionals to determine how much a business is worth. Appraising a business requires more than just looking at the books and crunching the numbers. The future earning potential of the business must also be considered. It’s important to choose an attorney who understands how business valuation works and can fight for your rights to business assets.
If you are planning on filing for divorce or your spouse has already filed for divorce in DuPage County or Kane County, contact us today to schedule a consultation. Our firm is skilled in handling divorces that involve business valuations as well as high-asset divorces. We are strong advocates for our clients’ rights and strive to make the divorce process as smooth and painless as possible.