Dividing Business Assets Accurately During a Divorce
There are many ways to contribute to the success of a business. Even if one spouse started their business prior to marriage, decisions and other contributions made by the other spouse during the marriage may have helped the business succeed. This is one of the many reasons that determining the value of business assets and dividing property during a divorce can be difficult. So when is a business considered marital property and how are business assets divided in divorce?
White & White, Attorneys at Law, will review contributions made during your marriage that may have led to the success of yours or your spouse’s enterprise. Brandon White and Felisha White know that dividing assets is rarely black and white. If needed, they will work with financial and business valuation experts to determine exactly how each spouse contributed socially and economically. There are many ways to measure success. We are here to help you assess value accurately.
Work With Skilled, Experienced Professionals
Asset division under Tennessee law is complex, especially for 401(k)s, IRAs, businesses, investments and other accounts that have grown over time. If you and your spouse have both contributed to your shared financial success, it takes time and skill to untangle the complexities of valuable assets and business ventures.
Our attorneys work diligently with each client and invest the time and care necessary to quantify each asset. If you or your spouse have a company, the firm will work with a forensic accountant to gain an accurate valuation of that business and its assets. They will also walk you step-by-step through the process so you will feel educated and informed about each choice you make going forward.
Call For A Free Consultation
White & White, Attorneys at Law, is experienced with high-asset divorce issues and will carefully consider your needs and the contributions you’ve made to your partnership. Call us today at 865-622-7768 or send us an email for a free consultation at our Seymour office about how we can help you divide assets.