Protecting Professional Practices in Divorce Attorneys Serving Barrington Illinois
Licensed professionals have much to lose in divorce. The practice represents not only your main source of income, but a lifetime of education, dedication and commitment as well. You have worked tirelessly to build a client base and a solid reputation in the community. The thought of losing it as part of a divorce property settlement can be truly frightening.
At the Law Offices of Donald J. Cosley, we have been aggressively protecting the financial interests of divorcing professionals for nearly 20 years. We are led by attorney Donald J. Cosley, a skilled negotiator and litigator who understands that your practice is yours, and you want to keep it that way. Over the years we have successfully represented doctors, attorneys, architects, dentists, chiropractors and other professionals in Illinois who depend on their licenses and practices for their livelihoods.
Property Division for Licensed Professionals
From our office in Rolling Meadows, we represent professionals who live and work in communities such as Schaumburg, Arlington Heights and Hoffman Estates. We commit to a detail-oriented approach to the issues involved in asset division for high net worth individuals. That includes enlisting the help of forensic accountants, business valuation experts and other experts to help us place accurate values on your assets and determine what is separate property and what is marital property.
We will walk you through all the steps involved in protecting professional practices in divorce, such as:
- Fair valuation of your practice and business property
- Is any portion of your practice considered marital property or is it entirely separate?
- How much has your practice's value appreciated during marriage and how much of that value is your spouse entitled to?
- Tax obligations and how they could affect the property settlement
- What did your spouse contribute to the success of your professional practice and career?
Your spouse's attorney may argue that because you have an advanced degree and a professional license, your earning capacity is very high. That may be true, but the fact that you might earn more in the future does not mean you should lose everything you have already built. Our skilled divorce attorney will work diligently to ensure that does not happen.
Learn How to Protect Your Business in an Illinois Divorce
We invite you to talk to a attorney at the Law Offices of Donald J. Cosley to find out more about protecting the professional practice you worked so hard to build. Please call 847-253-3100, or send us an email to schedule your free initial consultation. We serve clients in Barrington, Palatine, Barrington Hills and all surrounding communities.