Kane County Attorneys Protecting Professional Practices

Geneva Professional Practices Protection Lawyer

Lawyers for Protection Professional Practices in Divorce Serving Aurora, Elgin, and St. Charles

Like any business interests acquired during a marriage, the value of a professional practice may be eligible for division in a divorce. Splitting the assets of a professional practice can be disastrous for the practice, however. There are ways to protect your professional practice from harm in your divorce. At the Kane County divorce law firm of Goostree Law Group, we are experienced in handling divorces involving professional practices of all kinds. We strive to ensure our clients’ professional practices are secure despite a divorce.

Dividing Professional Practice Assets in a Divorce in Kane County

If you own a professional practice or a portion of a professional practice, some or all of the value of your practice may be considered a marital asset. As such, the practice is at risk of division in a divorce unless you have a valid prenuptial or postnuptial agreement. In many cases, the court will consider who contributes the most to the practice and allow that person to retain ownership of the practice and the practice to stay intact, but that is not always the case. It is important to have an attorney who is experienced in protecting professional practices on your side. Our attorneys represent all types of professionals, including:

  • Doctors;
  • Lawyers;
  • Dentists;
  • Accountants;
  • Financial planners;
  • Therapists; and
  • Chiropractors.

Regardless of the type of professional practice, the first step in protecting your interests is obtaining an accurate business valuation. You must know precisely what your practice is worth to ensure you can keep it financially secure following your divorce. Our attorneys can assist you in getting a proper business valuation from a trusted financial expert. Once the value of the practice has been determined, we will work to find a way to divide your marital assets with your spouse without damaging the value or future of your practice.

For many couples, a professional practice is their most valuable asset, but other assets may hold equivalent values when taken together. We will examine your financial circumstances closely to devise an equitable division of assets that protects your practice and your financial interest. For many people the best options is to offset the value of your practice by giving your spouse a greater share of other assets. For example, you make keep 100% of your practice and your spouse keeps the family home.

If you are getting a divorce and you have a professional practice you wish to protect from division, contact us at 630-584-4800 to schedule a free consultation. We will discuss your legal options and work with you to devise a strategy to protect your career and business assets. Our firm works with professionals throughout Kane County and the surrounding counties of Northern Illinois.

Practice Areas

Contact Us

Goostree Law Group

Goostree Law Group

 555 S. Randall Road, Suite 200
St. Charles, IL 60174

 630-584-4800

 400 S. County Farm Road, Suite 300
Wheaton, IL 60187

 630-407-1777

Our Illinois divorce attorneys represent clients in Kane County, DuPage County, Kendall County and DeKalb County, including Geneva, Batavia, St.Charles, Wayne, Wasco, Elburn, Virgil, Lily Lake, Aurora, North Aurora, Elgin, South Elgin, Bartlett, Crystal Lake, Gilberts, Millcreek, Maple Park, Kaneville, LaFox, Yorkville, Oswego, Plano, Sugar Grove, Big Rock, Bristol, Newark, DeKalb, Sycamore, Naperville, Wheaton, West Chicago, Winfield, Warrenville, Downers Grove, Lombard, Oak Brook, Streamwood, Hoffman Estates, Barrington, South Barrington, Lake Barrington, Schaumburg, Big Grove, Boulder Hill, Bristol, Joliet, Kendall, Lisbon, Minooka, Montgomery, Plainfield, Sandwich, Yorkville and many other cities.

ovc
Contact Us
Chat Us Text Us