If you own a business, you know that founding, owning and managing a business are most often all-consuming and frequently a labor of love. When divorce looms and a spouse demands half of the business or a large, crippling and unfair financial settlement, you know that it can feel like your life’s work is being undermined.
At Neal Ashmore, our attorneys have fought for the property rights of divorcing business owners. We bring experience, commitment and board certification to the challenges of business valuation, the assessment of asset appreciation, and personal vs. marital property rights
We work closely with our certified divorce financial planning expert, business valuation experts, financial actuary specialists and accountants to investigate your business’s finances and to determine a fair and accurate valuation of your business.
As a licensed lawyer, you have worked for years or decades to build your practice or earn a partnership at your firm and to amass wealth and assets. When divorce-related property division threatens your income and holdings, your financial future is at stake.
We know your law degree, license and career are likely worth millions of dollars over the course of your lifetime, and that losing it in your divorce settlement is not an option. We are committed to protecting assets gained during and before your marriage.
We have handled hundreds of divorce cases involving high-value assets and the assets of legal professionals. Using our high degree of legal knowledge combined with our certified divorce financial planning expert, we can aggressively protect your:
- Legal practice and/or family-owned business, including partnerships, LLCs and sub-chapter S corporations
- Separate property and marital/community property
- Stock options, pensions and other employment benefit and retirement plans
Dental and medical practitioners who own clinics and professional practices, and whose careers and incomes are enhanced by strong reputations and large client bases, have a lot to lose in a divorce. If significant portions of your holdings and income are lost during the division of marital assets, it will likely take years of hard work to rebuild your assets and income.
We work to save medical practitioners’ financial futures during the divorce process. How? We use our experience and consult with our certified divorce financial planning expert to:
- Accurately valuate your income and business
- Determine the appreciation of marital property and the transmutation of financial assets over the duration of your marriage
- Knowledgeably handle issues involving business and personal tax obligations, the ownership of commercial property and the division of marital debts
You worked for many years to become a doctor or dentist, and at Neal Ashmore Family Law Group, your goals become our goals in the protection of your assets. For more information, please contact our firm.
Professionals’ incomes are, on average, significantly higher than those in other fields. A lot, then, is at stake when professionals divorce. If you are a Texas professional and face the possible loss of assets and income through divorce, we can help.
- Business executive?
- Engineer or scientist?
- Artist or other creative professional?
- Holder of a high-value patent?
- Other professional?
We draw on our combined experience and credentials and work closely with our certified divorce financial planning expert to determine the value of tangible and intangible property such as licenses, academic degrees, homes, professional practices and retirement accounts.