Is My Wife Really Entitled to Half of My Business if We Divorce?

The titular question sends jitters to a husband who is a businessman and, sadly, who is ending his marital association. Plus, he will furrow his brow more on the word “half” as it accompanies some dreadful phrases—half of your property, half of your income, and half of your businesses.

Such a man, by and large, thinks that how will he survive if half of his income or business value is taken from his hands after the divorce. And usually in such scenarios, you will see husbands cooking a cock-and-bull tale and taking a couple of foolish steps to make the business look less profitable.

First things first, you will have to think for a second before committing a blunder (or taking any foolish steps). Basically, you will have to ponder upon the possibilities of associating with an experienced divorce lawyer who has rich experience as a business assets attorney in Wheaton. (That is because such a lawyer will only be able to help you in untying this Gordian knot.)


However, before approaching attorneys to get legal advices in Kane County IL, you will need to have answers to a few questions that they may ask. Here is the one basic question that you will ask in such conditions.

“Does my wife get half of my business while we divorce and while my company predates the wedlock?”

To answer this question correctly, the attorney, in turn, will ask you a few questions; some of them are mentioned below.

• How long has the business been the there (before marriage)?
• How many assets are possessed by the concern before the marital association took place? (For many companies, the profitability completely depends on their respective cash flows.)
• What was the concern’s value during marriage?
• Has the business become more/less valuable after the wedlock? Or has the value of the concern remained the same since marriage?
• What is the value change (if there is any)? And what factors do you think have resulted that change to take place?

(Please note: You should not try to give ambiguous answers to any of these questions if you really wish to know how much share of your business (or income) will your wife partake.)

These are a couple of questions whose answers should be at your fingertips before you approach an attorney. Although this article is written from a man’s point of view, it equally applies for female business owners as well.

Shirley Carter is a professional writer and have good knowledge about criminal, legal, Fraud Defense, divorce, family law and drink driving laws. He loves to write about  business assets attorney in Wheaton and legal advices in Kane County IL.