Physician Practice Division In Divorce

Medical practices are at risk of serious losses in a divorce. If you have partners in your medical practice, their shares of the business will not be touched, but the value of the business could be affected by a divorce if your shares must be split with your spouse. Revenue from the practice could be community property that both spouses may claim. Ownership of the shares in the practice between you and your spouse will be defined by answers to the following:

  • Was the practice formed during the marriage?
  • Was the practice formed before the marriage, but earned income during the marriage?
  • Is your ownership interest for the whole practice or as a partner?
  • Did your spouse contribute to the practice?

At Scott M. Brown & Associates, we represent business owners and spouses of business owners. You have rights whether you are a doctor or the spouse of a medical professional. Our team of Pearland physician practice division lawyers is extensively experienced. We capably handle complex professional practice divisions and asset protection throughout the Houston area.

Call us now to speak with one of our lawyers at 979-849-8526 to schedule a property division consultation.

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Be it family law, divorce, criminal defense, or personal injury — our Texas family law attorneys are here to help. We are results-driven, and we work tirelessly for our clients.

Our Houston family law and divorce attorneys have been providing compassionate and personalized legal services in Texas. Scott M. Brown is a certified family law specialist by the Texas Board of Legal Specialization.

Protect Your Assets | Legally Claim Your Ownership

We will need to determine how much of the practice, if any, is community property in the marriage. Our attorneys work with business valuation experts and medical experts to determine the value of business assets and all aspects of the practice. We handle cases involving many types of professional practices, including:

  • Physicians
  • Surgeons
  • Nurses
  • Anesthesiologists
  • Dentists
  • Chiropractors
  • Psychiatrists
  • Psychologists
  • Other medical professionals

The most valuable asset of any business is usually the earning power of the professional(s) running the business. In Texas, this is defined as the professionals’ personal “goodwill.” It is an established value of reputation and medical license, and it cannot be divided as community property in a divorce. What can be divided is the business or commercial goodwill.

Our attorneys examine and separate these values on the path to resolution with our clients. We account for the financial stability of the practice, the value of partnership shares, partners’ contributions to the practice, tax obligations, business debt, growth and earning power, in addition to standard business assets. We also handle partnership disputes in conjunction with divorce cases.

Scott M. Brown & Associates | Angleton Partnership Dispute Attorneys

Contact us at 979-849-8526 to schedule a consultation with an attorney who can guide you step by step through the process and aggressively protect your best interests.

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(979) 652-5246