An important issue in a physician’s divorce is valuing his or her practice. (This is true in any case where a professional such as an accountant, architect or engineer is involved in a professional practice, but we’ll use physicians in this post).
The Valuation of a Professional Practice Can Be Complex, Expensive, Yet Critical to A Divorce The valuation of the professional practice – such as that of a lawyer, physician, or professional engineer – is one of the most time consuming and potentially expensive tasks in a divorce case.
If there is a disparity in the income of spouses, then a spouse may seek temporary support payments (commonly referred to as alimony). This occurs after a petition for divorce has been filed but before the divorce trial or stipulated judgment has been issued.