Divorce for CEOs, Executives, and Entrepreneurs
Ending a marriage is rarely simple, from either an emotional or financial standpoint. When one or both spouses are high-earning professionals, however, the challenges involved in dividing assets and determining each party’s rights and obligations can be substantial. For example, divorce for CEOs, executives, and entrepreneurs often involves the division of complex assets, and these high-stakes cases demand a precise legal strategy tailored to protect financial interests and ensure long-term stability. If you or your spouse are a CEO, executive, or entrepreneur, and you have questions about your options with regard to dissolving your marriage, it is smart to speak to an attorney. At McClure Law Group, our assertive Dallas divorce lawyers understand the unique financial and legal considerations that arise in divorce for clients with substantial assets, and if we represent you, we will help you navigate the divorce process with clarity and confidence.
Unique Legal Considerations in High-Asset DivorcesDivorce for CEOs, executives, and entrepreneurs often requires a detailed analysis of both separate and community property. Under Texas law, all property acquired during the marriage is presumed to be community property, unless proven otherwise. This includes income, real estate, retirement accounts, and business interests. For entrepreneurs, distinguishing between a company’s separate and community components can be especially complicated. Businesses started before the marriage may have increased in value significantly during the union, and under Texas law, the appreciation of a separate asset can be subject to equitable division if it is attributable to community effort or investment.
Moreover, many executives and CEOs receive compensation that includes stock options, restricted stock units, and performance-based bonuses, which may not be fully vested at the time of divorce. Determining how and when these assets will be divided requires careful legal analysis, especially when they were earned in part during the marriage. A valuation expert may be necessary to determine the fair market value of closely held business interests or executive compensation packages.
Business Valuation and Spousal ClaimsFor business owners, the valuation and potential division of a privately owned business is often the most contentious issue in the divorce process. In divorce for CEOs, executives, and entrepreneurs, courts often must determine whether a business is community property, separate property, or a combination of both. If a business is community property or has a community interest, the court must determine its value and consider options for dividing it. One spouse may buy out the other’s interest, or the business may be awarded to one party with offsetting assets allocated to the other.
The valuation process includes reviewing financial records, revenue, market trends, goodwill, and future earning potential. Texas courts may also consider whether either spouse contributed to the growth or operations of the business, even indirectly, such as by supporting the household or enabling the business owner to devote more time to work. These issues are especially critical when the business is the primary source of marital wealth or when one spouse is the sole titleholder but the business grew substantially during the marriage.
Protecting Confidential and Proprietary InformationHigh-profile individuals may be concerned about the public nature of divorce proceedings and the potential impact on their personal brand or business reputation. Strategic negotiations, alternative dispute resolution such as mediation or collaborative divorce, and carefully crafted confidentiality agreements are all tools our attorneys use to minimize exposure and maintain discretion while resolving complex financial matters efficiently.
Meet With a Trusted Dallas Divorce AttorneyThe stakes in divorce for CEOs, executives, and entrepreneurs are often substantial, and the financial consequences can be long-lasting. If you are facing a divorce involving business ownership, executive compensation, or other complex financial issues, it is critical to work with a law firm that has the experience and sophistication necessary to handle such matters. At McClure Law Group, our trusted Dallas divorce attorneys have substantial experience handling divorce actions involving high-net-worth individuals, and if you engage our services, we will advocate tirelessly on your behalf. Our main office is in Dallas, and we are available by appointment at our Collin-County office in Plano. We regularly assist clients in Garland, Fort Worth, McKinney, Richardson, Frisco, Irving, and Rockwall, as well as in cities throughout Dallas, Collin, Grayson, Tarrant, Rockwall, and Denton Counties. Contact us by calling 214.692.8200 or submitting our online form to arrange a confidential consultation with one of our experienced attorneys.