Joy Feinberg, a divorce and family law attorney based in Chicago, IL, answers:
If someone’s spouse owns a business, how can they ensure that they’re getting their fair share during divorce?
To get your fair share when you are the spouse not involved in the business or in the company, you need to have a lawyer who is extremely experienced.
Today, executives and owners of businesses are being as creative as possible in achieving all sorts of benefits that don’t show up on a W2 income statement. Therefore, what you need to do is have somebody with great experience and work with the team. I’ve been in practice for over 30 years. I know the various business valuation experts that we’re going to need to work with. I know what they believe on different subjects.
Planning is essential. Knowing the right team to put together for your particular case is essential. Knowing what to ask for and what documents to get will make certain for you that you get everything you deserve.
For over three decades, Chicago divorce attorney Joy M. Feinberg of Boyle & Feinberg, P.C. has honed her knowledge and professional skill-sets to deeply understand tax-driven financial solutions and creative parenting plans, among the many other complicating aspects of divorces for wealthy individuals. She can be reached at 312-376-8860.