Divorce for Physicians and Dentists
Physicians and dentists are unique because of the long and expensive training, their intellects, and the demands of their work. A divorce for a dentist or physician can likewise involve unique legal issues that an experienced divorce attorney should be familiar with. These issues can include valuation of the practice, child support exceeding guidelines and spousal support. For some physicians, creative child visitation schedules are needed to accommodate their work schedule.
For a discussion of property division, see the Property Division page.
01 Fair Market Value of the Practice +
The fair market value of a medical or dental practice can have huge implications in a divorce and is often a hotly contested issue. The divorce attorney must be familiar with both the rules involved in such valuations as well as the relatively small number of experts working in the area who can provide valuation opinions.
02 Different Practices Require Different Valuation Rules +
Placing a value on a solo dentist’s practice, for example, is very different than valuing the interest of a partner in a 32-physician practice with multiple offices. Different rules and discounts apply to each situation, and some experts are much more qualified than others to be involved in each case. Knowledge, experience, and having the right expert are all essential to a fair outcome.
03 Working With a Professional Business Evaluator +
Working with a professional business evaluator, Enos Family Law helps clients determine business value and hopefully reach an agreement on the community property division.
04 Representation of the Spouse of a Medical or Dental Professional +
Representation of the spouse of a medical or dental profession often involves more work because the other spouse often has control of information and financial data. Often, a payout plan is negotiated to provide income and compensate the non-professional spouse for the community’s interest in the medical or dental practice.