Legal Question in Family Law in Illinois
My husband and I both work in our family business. We are now divorcing and wanting to keep the business intact. However, my husband doesn't think that he should have to pay me 50% of our combined salary. When we divorce we will be 50/50 partners in the business. My attorney is telling me not to negotiate this and that I am entitled as a 50% partner to 50% of the salary. Is this correct?
1 Answer from Attorneys
You should listen to your attorney as he has a negotiating strategy and he is the one who can best represent your interests. You should consider what your responsibility will be for the daily running of the business as well as your liability for its debts and expenses. Your husband may be looking at these things and your attorney less so. You need to decide what you want as a "partner" in the business. You also need to consider whether you want to continue to be "in business" with your former husband.