Medical Professionals and Divorce
Protecting Your Practice and Your Future
Divorce can be particularly complex for medical professionals, including physicians, surgeons, therapists, anesthesiologists, and other healthcare practitioners. Beyond the emotional challenges, these cases often involve intricate financial structures tied to professional practices, partnerships, and complex compensation arrangements. At Family Law Solutions, P.C., we understand the unique challenges and offer specialized legal guidance to protect your practice, your assets, and your future.
Medical professionals often have unique financial circumstances that require specialized attention in divorce proceedings. These include:
- Professional Practice Valuation: Accurately valuing a medical practice, whether a solo practice, partnership, or larger group, is crucial. We work with experienced business valuation experts to ensure a fair and accurate valuation. We understand the privacy unique to medical practices when valuation is required.
- Complex Compensation Structures: Physician compensation can be complex, involving base salary, bonuses, productivity incentives, partnership shares, and other benefits. We meticulously analyze these compensation packages to determine accurate income for support calculations and equitable division of assets.
- Partnership Agreements: If you are part of a medical partnership, we review partnership agreements carefully to understand buy-out provisions, ownership interests, and other critical details.
- Deferred Compensation and Retirement Plans: Medical professionals often have substantial deferred compensation and retirement plans, including 401(k)s, profit-sharing plans, and defined benefit plans. We work with financial experts to properly value and divide these assets, considering tax implications and long-term financial security.
- Malpractice Insurance and Liability: Issues related to malpractice insurance coverage and potential future liabilities must be addressed in the divorce settlement to protect both parties.
- Spousal Support Considerations: Given the often high-income potential of medical professionals, spousal support calculations can be complex. We advocate for a fair determination of spousal support, considering factors such as lifestyle maintenance, future earning capacity, and contributions to the marriage.
- HIPAA Compliance: Protecting patient privacy and complying with HIPAA regulations is essential throughout the divorce process, especially when dealing with sensitive financial and medical information.
- Intellectual Property: Patents and royalties are often at issue and need to be further addressed. Doctors often invent medical devices or procedures and patent or trademark. They write and publish.
- Parenting Agreements: Parenting agreements for medical professionals often are difficult to frame due to the long and uncertain hours worked by many. We know how to deal with these challenges.
At Family Law Solutions, P.C., we provide comprehensive legal services tailored to the specific needs of medical professionals facing divorce. Our approach includes:
- Collaboration with Financial Experts: We work closely with a team of financial professionals, including Certified Divorce Financial Analysts (CDFAs), forensic accountants, business valuation experts, tax specialists, corporate counsel and estate and trust attorneys to provide a clear and accurate picture of your financial situation.
- Strategic Negotiation and Advocacy: We are skilled negotiators, fierce advocates and strong litigators working to protect your interests and achieve the best possible outcome, whether through mediation, arbitration, or litigation.
- Preservation of Your Practice: We understand the importance of preserving your medical practice and minimizing disruption during the divorce process. We work with you to develop strategies that protect your business interests and ensure its continued success.
- Confidential and Compassionate Representation: We understand the sensitive nature of divorce and are committed to providing discreet, confidential, and compassionate representation.
By working with Family Law Solutions, P.C., you’ll gain the independence and confidence you need going forward into your retirement after divorce.
Contact Family Law Solutions, P.C. Today
Divorcing as a medical professional presents unique challenges, but with the right legal counsel, you can protect your practice, your assets, and your financial future. Contact Family Law Solutions, P.C. today for a confidential consultation at (312) 332-1344 or CLICK HERE.
“Janet and Christopher at Family Law Solutions provided me with exceptional legal advice. My questions were answered clearly and concisely. My team at Family Law Solutions formulated a plan, executed it flawlessly and got me a great result. I would highly recommend Janet and Christopher at Family Law Solutions.”
“Family Law Solutions helped me through the most difficult time of my life. Being married for 44 years and 67 years old, I had no idea how to proceed with the dissolution of my marriage. Everyone I dealt with showed compassion, empathy, and professionalism. They make their clients a priority. Their fee structure is fair, reasonable, and transparent. Through their invoicing process, I always knew what my status was and how I was billed. Janet Boyle has created an exceptional team with her philosophy and her commitment to her clients.”
“Experienced, knowledgeable, caring and willing to fight for what is right. A premier law firm in the city of Chicago that will protect and defend your rights under the law and in the courts. Their services are second to none. I highly recommend Janet Boyle in particular!”
“I came to Janet to help me through a very complex divorce about a year ago and a friend of mine told me about this site. I wanted to express my gratitude for Janet's expertise in helping me through a very trying time in my life. The words "honey badger" comes to mind when I think of Janet's demeanor in the courtroom and in negotiations with my husband's attorney. Janet and her team represented me from the beginning to the end exactly the way one could only hope for.”
“Janet listened carefully to me and addressed every concern and perceived problem that I thought I would encounter during the process...In conjunction with Arin in her office each time the process would get heated and emotional both Janet and Arin we able to calm the situation down with care and concern for me and ultimately we were able to settle the divorce to my complete satisfaction.”
“Janet Boyle did a wonderful job assessing my situation and determining the best approach to reach a settlement with my ex-husband. I appreciated her willingness to honor my request to be respectful toward my ex-husband. She accomplished that while standing firm on some very important issues.”
“Arin Fife and Janet Boyle are wonderful. Arin worked so hard. She was empathetic, kind, patient and the voice of reason. I grew to trust them implicitly. I would highly recommend this firm to anyone!”
“During the most difficult time I've ever had in my life, Janet helped and guided me with skill and compassion. I couldn't be more happy with the job she did representing me. My case, I believe, was considerably more difficult than most cases and Janet was strong and dedicated from beginning to end. She does not bend to opposing counsel trying to take advantage or get an upper hand. Her staff is fantastic as well! My life has become much more peaceful with Janet's help. I would not hesitate to recommend Janet to anyone going down the tough road of divorce. Thank you Janet!”
“Janet was a source of stability during a time of ultimate turbulence. Beyond the guidance and legal direction, the whole office was friendly, supportive and helped me maintain my sanity when during crazy times.”
“Christopher at Family Law Solutions continues to be an absolute pleasure to work with. Despite being in different states, Christopher clearly understood my needs and helped me through a very difficult time in my life. If it were not for him, I would not have the peace of mind I do now. His compassion and care are very evident. I wish I found Christopher at Family Law Solutions sooner and cannot thank him enough for how he helped me. ”
“My family and I were so lucky to have found Family Law Solutions when we did. Their diligence, dedication and compassion were exactly what we needed not only to win our case, but also to keep our spirits up during such emotional turmoil. A huge thank you to Janet Boyle and the entire FLS team. Five stars across the board!”
“Family Law Solutions helped me with my divorce, and it went smoothly. Christopher and his team were direct, prompt and very accommodating to all my queries and uncertainties. My divorce process ended without any difficulties and issues, and it was minimal effort on my end; the team took care of everything. I appreciate Christopher and his team very much for all they have done to navigate such a challenging period of my life.”
“I wanted to express my sincere gratitude for the exceptional legal assistance Janet Boyle and her team provided during our case. Janet's dedication, expertise, and tireless efforts truly made a significant impact, and my family & I are truly grateful for the favorable outcome. Your professionalism, attention to detail, and clear communication throughout the process were invaluable. I also feel fortunate to have had you represent and advocate on our behalf, and I appreciate the diligence with which you handled every aspect of our case. Thank you once again for your outstanding representation. Your commitment to achieving the best results for my family and I didn't go unnoticed. I truly appreciate the passion you and your team showed fighting on our behalf.”
About Us
Navigating the intricacies of family law requires a sophisticated and personalized approach, demanding experience, knowledge and compassion. The Family Law Solutions team expertly guides each client through these complex challenges, empowering them to discover that life after divorce can be even better.
