What is the name of your state (only U.S. law)? Texas
Award of a percentage of future profits where wife was paid no salary for full-time employment for over 17 years, set up 3 practice locations, was responsible for training employees, investing monies into the Profit Sharing Plan and Trust, payroll, accounts receivable and payable for over 17 years. Where husband reqested wife to quit her job paying a GS11 V.A. Hospital Administration salary and give up her Real Estate License, to perform the job previously described for the Practices to find a location, negotiate terms of rent and build-out, work with contractors, purchase equipment, hire employees, train employees, advertise and subsequently manage all aspects of the practice; while her husband was only responsible for treating the patients.The wifes degree was in Medical Record Administration, Management and a licensed Real Estate Agent. Additionally, they attended the same H.S. and College and the wife changed her Major from pre-law to Medical Records Administration when her husband declared a major in Pre-Medicince. And where the wife purchased residential homes and land and the land was subsequently sold to finance interest in various medical groups and hospitals as limited partners. And where wife never drew a salary so as to save the business money.
I could go on with more examples of my research, education and expertise have resulted in over 30 years of our business being successful. In 2003, I after too many arguments and too many times that my husband invested in failed ventures behind my back, including putting $80,000.00 into a Stock "call" with a stock broker from N.Y. who cold called him; and investing $5000.00 in "Dog racing" deal, where he owned part of 5 racing dogs and eventually they either died or could not race; and investing $90,000 in a "hamburger stand", where he borrowed the money, gave it to the general partner before we had even seen the contract and subsequently losted it all, while we had to still make the monthly loan payments for 2 years to pay on an investment that never got of the ground. Not to mention the $20,000.00 in Attorney fees we spent to sue for our money. Unfortunately, the general partner beat us by filing bankruptcy.
Shouldn't I be awarded a percentage from future profits atleast from the locations I was responsible for establishing? Our employee profit sharing plan and trust shows us both as trustees, so I assume I own half of our share of the value.
But, I gave up to sources of income to establish one of his remaining practices and established his first practice that we eventually closed and whose patients were transfered to an existenty parternship location that we eventually bought and own 100%.
So, what do you think based on past experience with divorce judgement in the State of Texas?
Award of a percentage of future profits where wife was paid no salary for full-time employment for over 17 years, set up 3 practice locations, was responsible for training employees, investing monies into the Profit Sharing Plan and Trust, payroll, accounts receivable and payable for over 17 years. Where husband reqested wife to quit her job paying a GS11 V.A. Hospital Administration salary and give up her Real Estate License, to perform the job previously described for the Practices to find a location, negotiate terms of rent and build-out, work with contractors, purchase equipment, hire employees, train employees, advertise and subsequently manage all aspects of the practice; while her husband was only responsible for treating the patients.The wifes degree was in Medical Record Administration, Management and a licensed Real Estate Agent. Additionally, they attended the same H.S. and College and the wife changed her Major from pre-law to Medical Records Administration when her husband declared a major in Pre-Medicince. And where the wife purchased residential homes and land and the land was subsequently sold to finance interest in various medical groups and hospitals as limited partners. And where wife never drew a salary so as to save the business money.
I could go on with more examples of my research, education and expertise have resulted in over 30 years of our business being successful. In 2003, I after too many arguments and too many times that my husband invested in failed ventures behind my back, including putting $80,000.00 into a Stock "call" with a stock broker from N.Y. who cold called him; and investing $5000.00 in "Dog racing" deal, where he owned part of 5 racing dogs and eventually they either died or could not race; and investing $90,000 in a "hamburger stand", where he borrowed the money, gave it to the general partner before we had even seen the contract and subsequently losted it all, while we had to still make the monthly loan payments for 2 years to pay on an investment that never got of the ground. Not to mention the $20,000.00 in Attorney fees we spent to sue for our money. Unfortunately, the general partner beat us by filing bankruptcy.
Shouldn't I be awarded a percentage from future profits atleast from the locations I was responsible for establishing? Our employee profit sharing plan and trust shows us both as trustees, so I assume I own half of our share of the value.
But, I gave up to sources of income to establish one of his remaining practices and established his first practice that we eventually closed and whose patients were transfered to an existenty parternship location that we eventually bought and own 100%.
So, what do you think based on past experience with divorce judgement in the State of Texas?
