Jump to Navigation

Houston Divorce Lawyers Experienced in Professional Practices

A professional practice may be one of the most valuable assets to consider during your divorce. Accurately characterizing and valuating a professional practice is essential to ensure that both parties receive a fair divorce settlement.

Divorces in which a party has a professional practice have unique complexities, such as professional degrees and licenses, that make dividing them especially challenging. For example, a professional degree acquired during marriage is not considered community property; however, if community property was used to support one spouse in obtaining a professional degree or license, we can assist you in determining whether the other spouse may be entitled to compensation through spousal support or a greater share of another marital asset.

At Short Carter Morris, LLP, we represent doctors, lawyers, dentists, accountants and other professionals and their spouses with the complex process of business valuation and dividing professional practices in divorce. Our Houston professional practices attorneys have extensive experience handling high net worth divorce cases. While the majority of our clients come from southeast Texas and the greater Houston area, we have the resources to represent clients statewide.

Southeast Texas Divorce Attorneys

In Texas, a professional practice that was started during marriage is presumptively considered community property and is included in the value of the community estate during a divorce. However, even a practice that was started before marriage or with separate funds may be subject to claims during divorce if community property was used to fund or expand the business. Conversely, a practice started during marriage could be characterized as separate property, depending on the circumstances surrounding its formation and capitalization. We will assist you with the complex process of determining whether your professional practice is characterized as community property, separate property, or a mixture of the two.

Short Carter Morris, LLP works with forensic accountants and other business experts to accurately characterize and valuate professional practices. When determining the value of your private practice, important considerations include the value of the property and equipment, professional degrees and licenses, appreciation, goodwill and tax consequences.

In most cases involving a professional practice, the business is not divided between parties. Instead, one spouse keeps the business and the other will receive a just amount of other marital property to ensure a just and right division of marital property.

Contact Us

If you need high quality legal representation for a high asset divorce involving a professional practice, don't hesitate to call Short Carter Morris, LLP at 713-626-3345. You may also contact us online.

How Can We Help You?

Bold labels are required.

Please verify that you have read the disclaimer*