Professional Practice Protection Attorney: Guiding You Through Divorce and Asset Division

Helping Professionals Stay in Control of Their Future

A divorce can bring unique challenges for individuals who own and operate their professional practices, such as doctors, dentists, accountants, or attorneys. That is why you need the help of a dedicated practice protection attorney from Clark Law Group, who will focus on helping you safeguard what you have built and make every decision with confidence. 

Texas laws dictate that community or marital property must follow equitable distribution. But that doesn’t mean a 50/50 division. That is why you need smart legal strategies that protect your practice while ensuring a fair outcome in property division.

Call to discuss your case

469-906-2266

1
2
3
4
5
6
7
8
9
10
11
12

At Clark Law Group, we understand the unique challenges professionals face when divorce puts their practice at risk. Whether you are seeking a fair negotiation or want to navigate the complex litigation process, our attorneys provide focused and strategic representation. Our goal is to ensure the equitable dissipation of marital assets so that your ownership interests are protected and to help you move forward with clarity.

Call to discuss your case

469-906-2266

Did you know that a practice founded during the marriage is automatically considered marital property in Texas?

So, if a person founded a professional practice during their marriage, no matter if only one or both spouses worked on the practice, it will be subject to equitable distribution. On the other hand, if one spouse established a business before marriage, it may be considered separate property. However, they need to address two main concerns to prove their sole ownership of the business. These include:

An increase in the business valuation of the professional practice during the marriage.

The other spouse’s contribution to operating or growing the practice.

During a divorce settlement, it is also essential to determine how the ownership of the professional practice and the partnership interest will be arranged after the separation.

Here are the two possible ownership arrangements:

Sole Ownership

If only one of the spouses is actively involved in providing services through the professional practice, they can get complete or sole ownership of it by buying the shares of the other spouse and paying them upfront or gradually.

If both parties wish to continue working together professionally, they can still co-own and operate the professional practice. In this case, they need to draft a legal partnership agreement with the help of a practice protection attorney.

For owners of a professional practice, safeguarding business assets becomes highly essential even before the question of divorce arises. A well-drafted prenuptial agreement can ensure that a practice owned prior to marriage remains separate property.

Similarly, a postnuptial agreement can clearly define ownership rights for a practice acquired during the marriage. These proactive steps, while they may seem negative to some, are essential for effective asset protection. They allow professionals to retain ownership and control of their practice and avoid disputes in the future. 

Call to discuss your case

469-906-2266

client reviews

Personal Injury

Want to Secure Your Future? Work With a Property Division Attorney from Clark Law Group!

If you are the owner of a professional practice who wants to calculate the value of intellectual property or are fighting for fair division, you must get in touch with expert attorneys at Clark Law Group. We specialize in divorce cases involving complex property division and can help you understand your rights.

Want to talk to a seasoned practice protection attorney? Schedule a consultation with the team at Clark Law Group today!

Call to discuss your case

469-906-2266