Business and Divorce Attorney in , Texas

Businesses After Divorce

So if there is a business interest involved, there’s kind of two big questions. One is characterization. Is it an asset that’s of the marriage? Is it community property here in Texas, or is it separate property?

Another consideration is if it’s a community property asset that the court’s gonna divide, what’s the value of the business? Some businesses are subject to being divided by the courts. Some are not. It’s a pretty complex area of the law, but in a broad, general sense, the question is, do we have something the court can divide and what’s it worth?

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