A divorce action involving a physician often entails complex issues pertaining to a forensic valuation of a medical practice or a cash flow analysis to ascertain the true income for a physician with his or her own medical practice. The value of a physician’s practice and the claims that a physician’s spouse will make toward it are issues that doctors face in the event of a divorce. It is important for the physician and the spouse of the physician to retain sophisticated legal counsel with substantial experience in divorce actions involving a medical practice. Similar to the medical industry, just like all doctors are not the same, attorneys offer different levels of skill and expertise in this area.
Wilentz routinely represents doctors at all stages of their careers from starting a practice and becoming an owner through the eventual sale of the practice. We frequently represent doctors in protecting the current and future value of their medical practices with prenuptial agreements prior to the marriage, in divorce actions, with estate planning and with asset protection. Our attorneys also represent the non-physician spouse in protecting their future claims with a prenuptial agreement and maximizing their claims in the event of a divorce.
The frequency of our attorney-client relationships with doctors and their spouses is generated by our representation of high net worth individuals and by referrals from our top-ranked Health Law Team at Wilentz that is chaired by Michael Schaff, Esq., who represents hundreds of physicians and is the author of numerous articles and books including the Representing Physicians Handbook. Our Family Law and Health Law team coordination has proven to be an invaluable resource in representing doctors and their spouses.
Above all at Wilentz, we understand the substantial demands placed upon physicians and their spouses with long hours, high stress work environments, raising children, overwhelming student loans and the anxiety of a divorce. We strive to minimize the financial and emotional pain of a divorce in obtaining a fair and amicable dissolution of marriage for our clients.
If you have a question or wish to discuss this topic with one of our family lawyers, please give Joe a call at (732) 352-9871.
Originally Posted 9/14/2017
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