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Divorce with Business Interests

Fort Worth Divorce with Business Interests Lawyers

When Your Business Is on the Line, Call Us First

Divorce is never simple, but when business interests are part of the picture, the complexity increases significantly. Whether you own a business outright, share ownership with a partner, hold professional practice equity, or have investment interests that could be impacted by a divorce proceeding, the financial stakes are high, and the decisions made during this process can have consequences that follow you for years. At Turner-Monahan, PLLC, our Fort Worth divorce attorneys understand that protecting your business is not just about money. It's about the livelihood you have built, the future you've planned, and everything you have worked for.

What truly sets our firm apart in cases like these is the background of Attorney Tyler Monahan. Tyler is not only an knowledgeable family law attorney whom has over 15 years of experience representing business owners in divorce case, but he is also a Certified Financial Planner who studied at Rice University and spent years as a Financial Advisor at RBC, where he handled complex estate planning for high-net-worth individuals and worked closely with estate planning attorneys and CPAs. That combination of legal knowledge and high-level financial expertise means that when your divorce involves business interests, Tyler brings a depth of understanding to your case that most family law attorneys simply cannot offer. When you work with Turner-Monahan, PLLC, you are working with a team that truly understands both the legal and business implications at issue.

Talk to us today about getting a divorce as someone with business interests in Fort Worth. Call (817) 623-0129 and arrange your initial consultation.

  • 2020 top 100
  • AV Martindale
  • FortWorth
  • AVVO
    "Tyler and Jamie were exceptional in their services, showing professionalism, empathy, and expertise throughout my case."
    Jamie's clear communication, attention to detail, and dedication to achieving the best outcome were evident at every step. They skillfully navigated complex legal challenges, ensuring our well-being and confidence in every decision.
    - Celina L.
    "They kept me informed and made sure that I was stress free every step of the way."
    Matt and team were amazing to work with. Their fees were reasonable. I would 10/10 recommend and if I am ever in need again I know who to call.
    - Alaquanesia T.
    "After my injury, they were the only law firm where a real local person answered the phone."
    This told me I would get the personal service I needed, and they went above and beyond my expectations. They got me the appointments I needed, explained any questions I had, and were always there to help. Some days were not easy for them, considering I was an emotional wreck after my injury, but they handled everything with care and reassured me until I felt better. They are truly an amazing law firm that provides great personal service.
    - Rae L.
    "Tyler Monahan has been representing me for about four years now."
    Highly recommend this firm! His confidence and expertise has given me the confidence to face my legal challenges head on and I believe we’ve always come through with the best possible outcomes!
    - Kenny L.
    "He over-delivered and we couldn't be happier."
    Tyler was Awesome! He kept in contact, answering emails and any questions we had. He let us know the process, and what to expect. He wasn't wrong. He even negotiated with my ex since she was without attorney and dealt with all the crazy with no complaints. His staff was also very professional and friendly, always helpful. I really liked that he had set pricing, not by the hour, so that at each stage we knew what the bill was going to be. That may not work in every case, but for ours it was great.
    - Rodney S.
    "They are a wonderful professional team that will provide you with excellent personal service during your case."
    I highly recommend you contact the team at Turner-Monahan for your legal advice. If you need attorneys who are professional and really care about their clients, you will be happy with Turner-Monahan!
    - Pamela H.

What Counts as a Business Interest in a Texas Divorce?

Business interests that might be affected by divorce can take many forms, including:

  • Sole proprietorships and self-employed ventures
  • Partnerships and co-owned businesses
  • Limited liability companies (LLCs)
  • Corporations and professional corporations
  • Professional practices such as law firms, medical practices, or accounting firms
  • Ownership stakes, shares, or equity in a business
  • Investment portfolios and financial assets tied to a business

If any of these apply to your situation, you should talk to legal counsel who understands not just the law, but the financial realities behind these types of assets. You’ll find that kind of knowledge and insight at Turner-Monahan, PLLC when Attorney Monahan works on your case.

Texas Community Property Law & Your Business

Texas is a community property state, which means that most assets acquired during a marriage are considered jointly owned by both spouses and subject to division upon divorce. This principle can apply to business interests as well, depending on when the business was established, how it was funded, and how it has grown over the course of the marriage.

However, not every business interest is automatically marital property. Assets owned before the marriage, or those received as gifts or inheritances, may qualify as separate property and remain with the original owner. The line between separate and community property can become blurry when a business grows significantly during a marriage, when marital funds are used to support the business, or when a spouse contributes to its success in meaningful ways. Our Fort Worth divorce lawyers work carefully to trace the origins and growth of business interests, identify what is and is not subject to division, and build a clear, well-supported position on your behalf.

Business Valuation Processes

One of the most important steps in a divorce involving business interests is determining what those interests are actually worth. Without an accurate valuation, it is basically impossible to negotiate a fair settlement or for the division of assets to truly reflect the value of what each party is entitled to. Attorney Tyler Monahan's financial background means he knows how businesses are structured, how value is calculated, and where discrepancies in valuation can arise.

In addition to Tyler's insight, we work with qualified outside financial experts when necessary to conduct thorough, defensible valuations. Such experts may include forensic accountants, business appraisers, and other specialists who can examine financial records, revenue streams, liabilities, and other factors to arrive at an accurate picture of a business's worth. We take this process seriously because an undervaluation or overvaluation can directly affect the outcome of your case.

Protecting & Dividing Business Interests

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frequently asked questions

  • Is Texas a Community Property State?
    Yes, Texas is a community property state, which means most assets and debts acquired during the marriage are considered jointly owned and subject to division. Separate property, which is an asset owned before the marriage or received as a gift or inheritance, is generally not subject to division. Disputes over what qualifies as separate or community property are very common in divorce.
  • How Long Does a Divorce Take in Texas?
    Texas law requires a minimum 60-day waiting period from the date of filing. Beyond that, the timeline depends on the complexity of your case.
    Uncontested divorces can often be finalized relatively quickly after the waiting period. Contested cases, especially those involving significant assets or child custody disputes, can take considerably longer.
  • Does Fault Matter in a Texas Divorce?
    Texas allows both fault and no-fault divorce. A no-fault divorce is based on “insupportability.” Essentially, this means that the marriage has become unsustainable. Fault grounds include adultery, cruelty, abandonment, and felony conviction, among others. Proving fault can sometimes influence property division and spousal maintenance determinations.
  • How Much Does It Cost to File for Divorce in Fort Worth?

    Filing fees in Tarrant County typically run a few hundred dollars, though the exact amount can vary. That's just the cost to get the case started. The overall cost of your divorce will depend on factors like whether your case is contested, how complex your assets are, and how much negotiation or litigation is required.

    At Turner-Monahan, PLLC, our rates are competitive and clearly structured, and we'll give you a transparent picture of what to expect during your consultation.

  • How Do I Serve Divorce Papers in Texas?

    After you file your petition, your spouse must be formally notified. This is called service of process. In Texas, this is typically done one of three ways: by a sheriff or constable, a private process server, or certified mail with a return receipt.

    If your spouse is willing to cooperate, they can also sign a waiver of service, which skips the formal service requirement entirely. Our team can help you determine the most appropriate method for your situation.

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