According to statistics, one in three married physicians will go through a divorce, which isn’t all that surprising, given the fact that physicians often work long hours and sometimes have to put the needs of their patients before their own or their family’s. Divorces in general are often complicated situations, but in the case of a medical doctor with significant property and assets or high net worth, it can be even more so. Our law practice frequently assists physicians in Los Angeles in drawing up prenuptial or postnuptial agreements, to protect the current and future worth of their medical practices, and in protecting their assets in divorce actions. Our attorneys also offer representation for non-physician spouses interested in protecting their future with a prenuptial agreement, or in receiving their share of the value of their spouses’ medical practice in divorce proceedings. If you are involved in a medical doctor divorce in Los Angeles, contact Divorce Lawyers Los Angeles today at (213) 550-4600 to discuss your legal options with a qualified family law attorney.
Affordable Los Angeles Medical Doctor Divorce Attorney
As Los Angeles divorce attorneys, our main goal is to help our clients reach satisfactory solutions to their divorce-related issues. Third-party mediation is the most common method for resolving issues arising from divorce, and this process is often preferable to litigation because it allows the divorcing spouses to make important decisions that would otherwise be left up to a judge. However, if the spouses are unable to come to terms on major issues, which is often the case in high net worth divorces involving medical doctors, the case will likely go to court.
If you are considering filing for divorce in California, your first course of action should be to schedule a consultation with our experienced attorneys at Divorce Attrorney Los Angeles, whether you plan to try mediation or go straight to court. We have successfully represented clients in divorce cases in Los Angeles and throughout Southern California, and we have a team of attorneys ready to defend your rights and help you achieve the best possible outcome in your case. In our free, no-obligation consultation, you can have our medical doctor divorce attorneys evaluate your case and advise you of your options under California law.
Understanding What Divorce Means for You
Divorce is often complicated and messy, and even in situations where both spouses agree to dissolve the marriage, a divorce is not always a straightforward resolution, especially for medical doctors. A divorce can have serious consequences on your children, friends and relatives, and if you own your own medical practice, on your employees and on the practice itself. Many physicians in Los Angeles have toiled for years and sacrificed a great deal in other parts of their lives to build successful medical practices. What they don’t realize is that, in the event of a divorce, if their spouse claims the practice as marital property and demands payment of cash or other assets, their practice could be at stake.
There are also the issues of spousal support, or alimony, and child support to consider, both of which you may be ordered to pay if you get a divorce and you are the higher-earning spouse and/or if your children live with your spouse the majority of the time. During divorce proceedings, the court can decide which spouse gets custody of the children (if the couple has children together), what amount of child support or alimony will be paid, and how to divide the marital property. It’s also important to note that California is a no-fault divorce state, which means proof of misconduct has no bearing on the judge’s decision to grant a divorce, though it may be relevant to other decisions, including the calculation of spousal support.
Marital Property Division in California Divorces
One of the most important things to consider when filing for divorce is that California is a community property state, which means that all assets and debts acquired during the marriage belong to both spouses equally and must therefore be equally divided in divorce, which is why many medical doctors in California insist on a prenuptial or postnuptial agreement. If you are a medical doctor in Los Angeles and you opened your practice after getting married, the financial value of the practice or the increase in the practice’s value during the marriage could be subject to a 50-50 split during your divorce. Even if your practice was already established when you were married, but your spouse gave up a potentially promising career to further your own aspirations or worked in the office at a reduced pay or without any pay, your spouse may be entitled to a share of the practice in divorce.
When it comes to property division, the divorcing couple must do three things: determine whether the property or debt is marital or separate, agree on a value for the marital property, and decide how to divide the marital property equally. The division of marital property in California is final, which is why it’s important that you obtain the best possible result from the outset, and this is where having an experienced family law attorney on your side is immensely helpful. Some of the most costly legal mistakes doctors make in a divorce include:
- Hiring an inexperienced attorney
- Failing to disclose damaging personal and/or business information to their attorney
- Failing to insist on a confidentiality agreement to protect their patient list and other confidential information related to the practice
- Understating or overstating the value of their medical practice
- Disregarding important deadlines and requests for information
- Never having had an active role in the care of their children
- Failing to consider tax consequences
- Failing to make a complete inventory of assets and debts
How an Experienced Medical Doctor Divorce Lawyer Can Help
Going through a divorce can be complicated, stressful and exhausting, and many times, couples will disagree on how their property should be divided, which can cause the divorce proceedings to drag on longer than anticipated. Because so many different issues can arise from a divorce filing, it’s important that you have a knowledgeable California family law attorney on your side who has a proven track record in Los Angeles divorce cases. Simply put, an attorney with experience representing medical doctors in Los Angeles divorce proceedings can make the divorce process significantly easier on you and your family. Our attorneys at Divorce Lawyers Los Angeles are committed to protecting your rights under California law and will work tirelessly to minimize the emotional and financial consequences of a divorce and help you obtain a fair settlement in your case.
Free Medical Doctor Divorce Consultation in Los Angeles
One of the most contentious legal issues arising from Los Angeles divorce proceedings is the division of property and assets, and this is especially true for medical doctors with a high net worth. The adverse consequences of a divorce can have an effect on the rest of your life, and as in other areas of family law practice, the first step towards success in a medical doctor divorce case is hiring the right attorney to represent your best interests. If you are considering filing for divorce in Los Angeles, or if you have been served divorce papers by your spouse, and one of you is a medical doctor, contact Divorce Lawyers Los Angeles today at (213) 550-4600 for a free initial consultation.