Dividing a Medical Practice During Divorce
If you are in the process of a divorce, or considering divorce, one of the largest issues you will face with your spouse is the equitable distribution of your assets. If one of you owns any type of medical practice, the division of this asset can prove legally challenging. If you or your spouse owns a doctor’s office, dentist’s office, chiropractor’s office or any other kind of medical office, you should take time to seriously consider the options regarding what is likely to be the largest asset within your divorce . Medical Practice Valuation First, the medical practice is likely one spouse’s livelihood. There are even cases in which the medical practice is owned and operated by both spouses. In either case, the first step must always be to hire a financial expert to provide an independent valuation of the medical practice . As with any business, a valuation will include both tangible and int