Being a doctor's an important thing. No one can dispute that. It would
then stand to reason that any physician out there facing a coming
divorce petition or proceeding must bear in mind this important fact and piece of advice:
prenuptial agreements are vital, and all must keep your ears down to the
ground and their eyes peeled to make sure such agreements are fair and
No matter what you're looking at with respect to the medical industry,
a forensic valuation of a medical practice can be a complex issue, one
requiring immediate representation and sophisticated legal counsel to
traverse the courtroom landscape successfully. Sometimes it must occur
that a medical practice must close down due to an order of divorce, and
that's all well and good.
How does one determine the value of the medical practice, though? There's
estate planning and asset protection to consider as well. Looking at a
prenuptial agreement to make sure all value has been presented is crucial. Either one party
can lose out or gain too much. Fairness is key, and you certainly don't
want to extend the timeline longer than it needs to be.
Legal representation is especially important given the high demand placed
on physicians with their high-stress environments and work hours, along
with children that may be present within the family with regard to the
physicians' spouses. We always urge many clients in that situation
to never forego representation under divorce law. Consider a consultation
very seriously and get the divorce done right, so it doesn't create
many headaches in the future.