Divorce can involve unique legal and financial issues if one of the spouses owns a medical or dental practice.
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These issues include valuation of the practice, child support over guidelines and spousal support. For some physicians, creative child visitation schedules are needed.
For a discussion of property division, see the Property Division page. The fair market value of a medical or dental practice can have huge implications in a divorce and is often hotly contested. 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 Houston area who can provide valuation opinions. 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 the right expert are essential to a fair outcome. Working with a professional business evaluator, attorney Enos helps clients determine business value and hopefully reach an agreement on the community property division
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.