Divorces can become especially complex when a family business is owned. In terms of property division, a business is often considered property of both spouses – or at least the part of the business that existed during the marriage.
At the Austin-based Law Office of Tim Whitten, we represent business owners in Texas who are facing divorce. We can guide you through the legal process and help you make important decisions about your business and its future.
Helping Business Owners in Central Texas Navigate a Divorce
Our firm represents owners of family businesses, farms, ranches, oil businesses, professional practices and other businesses. We can help you determine how much of the business is considered separate property (if the business existed prior to the marriage), and how much of it is considered community property.
We can also help you evaluate options for the future management of your business, if divorce changes its structure in any way.
Attorney Tim Whitten is board-certified in family law by the Texas Board of Legal Specialization. He has significant experience handling complex divorces that require dividing a business. Whether you own a closely held business or a corporation that requires division of retained earnings and corporate distributions, we can help.
Small business owners face particular challenges during the divorce process. Our small business article describes these issues in greater detail.
Contact Us: Discounts and Fair Market Value of Assets
We also handle issues related to child custody that can occur months and years after the divorce settlement has been issued. Learn more about parental relocation, divorce modifications and enforcements.
For a confidential, one-on-one consultation at our Austin law firm, contact us online or call 512-478-1011.