The most factually and legally complex area of divorce law is business valuation. In the 1980s and 1990s huge strides were made in business valuation techniques. This stemmed from the ability of business appraisers to develop intricate spreadsheets. These spreadsheets and "canned" computer … [Read more...] about Business Valuation in Divorce Cases – 101 – What Any Family Law Lawyer Needs to Know to Competently Represent Your Client
Business Valuation
Classification of Retained Earnings of a Premarital Business in Illinois Divorce Cases
Our 2016 amendments to Illinois' law provide clarity to our caselaw involving reimbursement claims for a non-marital business. Several cases over a six-year period overlooked the reasonableness or the adequacy of compensation to the business-owning spouse. This caselaw involves non-marital … [Read more...] about Classification of Retained Earnings of a Premarital Business in Illinois Divorce Cases
