When a business is involved, divorce can get messy, and protecting your professional practice in a Bellevue high-asset divorce may be one of your top concerns. Is your practice marital property or separate property? Could your spouse be entitled to a share of its value? How can you prevent your practice from being divided or disrupted?

Twyford Law Office has been helping high-net-worth clients navigate divorce for over 40 years. Our attorneys take a holistic approach to safeguard your practice as you move forward.

Understanding Professional Practice Valuation and Asset Division

One of the hardest battles in high-asset divorce cases is understanding how to value a professional practice comprehensively. Courts look at several factors when determining the worth of your business, including:

  • Business revenue
  • Profitability
  • Reputation in the community
  • Tangible and intangible assets
  • Client base
  • Existing contracts

At Twyford Law Office, we understand that an inflated valuation could hurt our clients during asset division. We have seen too many owners paying more than they should have because their practice was overvalued. That is why, in a Bellevue high-asset divorce case, we work to protect our client’s professional practice and ensure that it is valued accurately.

Risk Factors for Professional Practice Division in Divorce

If you started your professional practice before your marriage, it may be considered separate property. However, any increase in value during the marriage could be part of the division of property. If your spouse contributed to the business, directly or indirectly, they may claim a portion of the practice’s value. Protecting your professional practice in a high-asset divorce in Bellevue means using protective measures that will prevent an unfair division.

These protective measures can include prenuptial and postnuptial agreements, which can define what happens to a professional practice in the event of a divorce. A prenuptial agreement—signed before the marriage—can state that the business remains separate property, while a postnuptial agreement—signed after marriage—can address any growth in the practice during the marriage.

During a divorce case, a court-imposed division of a professional practice can be risky. Negotiating a fair settlement is often the best way for practice owners to maintain control. Creative solutions, like offsetting the business’s value with other assets—such as a home or a retirement account—can help you keep ownership while ensuring that both you and your ex-spouse receive a fair outcome.

When Going Through a High-Asset Divorce, Choose Twyford Law Office to Protect Your Professional Practice in Bellevue

With over 40 years of experience, our team understands the unique challenges that come with protecting your professional practice in a Bellevue high-asset divorce.

At Twyford Law Office, we always focus on the client. Whether the situation calls for strategic negotiation or aggressive litigation, we give our clients the individualized attention they deserve. We want to help you protect the professional practice you built or ensure you get a fair division if you choose to dissolve it. Contact us today to discuss your case and start building a strategy that safeguards your business.