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Wakenight & Associates, P.C.

1100 Lake Street, Suite 120, Oak Park, IL 60301

Oak Park | 708-848-3159

DuPage County | 630-852-9700   Mokena | 815-727-6144

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Cook County property division lawyer for business interests

A divorce can be an intimidating experience for anyone, considering all the legal, financial, and personal issues that need to be worked out once a couple decides to part ways. Illinois is an “equitable distribution” state, which means marital property will be divided fairly and equitably, but not exactly in half or 50/50. For those people who own their own company, it can be difficult to think about how to split that important asset. Not only is a family-owned business the basis of someone’s livelihood, it can have great sentimental value if it has been in the family for a long time. Therefore, it is important to understand the business valuation process during divorce to ensure your rights are protected.    

What Is the Value of My Company? 

A business owned by either or both spouses is considered marital property if it was bought, acquired, or founded during the marriage. It can be difficult to put a price on a company when thinking about dividing it as an asset. However, this is an important step when determining what each spouse is entitled to when the marriage ends. A forensic accountant can help place a value on a business by using several different methods. Some of these approaches include: 

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Cook County divorce lawyer for online harassment

A divorce can occur for many reasons, and domestic violence is one of the most serious issues that may lead to the end of a marriage. This type of abuse can take many forms, including harassment, stalking, and electronic monitoring. Stalking is often thought of as the act of physically following someone, and it is not uncommon for an abusive spouse to continue to stalk his or her partner even if one party has moved out of the marital home they once shared together. In today’s online world, a person can also stalk or harass someone electronically via computers or phones. Electronic monitoring refers to videotaping or tracking an individual’s movements without consent by placing video cameras or audio recording devices in his or her home. Fortunately, there are actions victims of this kind of harassment can take to protect themselves and punish their stalkers. 

Stalking Defined 

Stalking is often defined as the act or crime of willfully and repeatedly following or harassing another person with the intent of causing anxiety, fear, or harm to that individual. It is important to note that a person can be charged with stalking someone if he or she remains outside of that individual’s home for more than 10 minutes at a time or for more than 30 minutes total in a 24-hour timeframe for a minimum of five times.

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