Joy Feinberg, a Divorce Attorney at Boyle & Feinberg, P.C, 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.
Joy M. Feinberg of Boyle & Feinberg, P.C. has practiced family law in Chicago for more than 20 years. She is past-president of the Illinois Chapter of the American Academy of Matrimonial Lawyers. She can be reached at (312) 444-1050. View her firm’s Divorce Magazine profile here.