When divorcing spouses own a business or professional practice, their attorneys must have experience with business valuation. Without knowledgeable representation, you could lose a disproportionate share of the business you have worked hard to build.
At The Webb Family Law Firm, P.C., we understand the work that goes into a business or professional practice. As owners of a legal practice, we know that it takes dedication and sacrifice to build a business. Our lawyers will ensure that you retain the assets you deserve during complex property division. You can rely on our experience with Texas divorce law and high net worth estates.
Protecting Your Professional Interests
We have resources and a network of experts for business valuation and ownership tracing. You can come to our firm for help with:
- Privately and publicly held companies
- Professional practices
- Family partnerships
- Stock options and portfolios
- Deferred compensation plans
- Retirement plans, IRAs and 401(k)s
When your business assets are valued, we will begin pursuing a property settlement agreement that is in your best interests. We work with financial experts, such as accountants and tax professionals, to advise us on issues such as:
- Calculating the fair market value and appreciation
- Tax consequences
- The property's real estate value
- The value of the equipment
- Whether the goodwill of the business/practice is marital property
If one spouse helped the other spouse earn his or her degree or professional license, the court may compensate the nonprofessional spouse for losing the business in the divorce. This may be a greater share of the practice or its profits, or a larger share of another marital asset. Spousal support or contractual alimony may also be an option in these cases.
Contact A Dallas Property Division Attorney
To schedule an appointment, please call our office at 972-863-0279 or contact us online.