The complexity of a divorce will vary from couple to couple. A factor that could make it more complicated is when a business is involved. If in the state of Texas, if that business is deemed to be marital property, it will be added to the assets set to be divided. This will likely require a valuation of the business.
In addition to a business’ tangible assets, its goodwill will also need to be valued. Essentially the value of the business once the tangible assets have been extracted, in many situations the courts in Texas will divide this goodwill into two parts. The first is personal good will and the other enterprise goodwill. Generally, enterprise goodwill is something that can be sold and is separate from the owner of the business.