What Makes a Physician Divorce Unique
In many ways, a divorce involving a doctor is the same as anyone else’s. Doctors, like others, must come to an agreement on certain critical issues, such as child custody, child support, alimony, and the division of marital debts and property.
However, doctors tend to have some novel issues that other clients don’t. For example, many of our physician clients have their own medical practices. If these practices were started after the marriage, then they are most likely considered a marital asset. This is usually quite a shock to our clients, who worked long hours to build up the practice typically with little contribution from their non-doctor spouse. Nevertheless, Ohio’s law is quite clear—if you acquired an asset after marriage, then it is usually marital and subject to equitable distribution.
When a medical practice is involved, there are also key questions about valuation. We have experience working with expert witnesses who can help us properly assign a dollar value to the asset. If you started your practice before marriage, it might have grown after saying “I do,” in which case some portion of the increase in value is considered marital. These are contested issues in many Delaware County physician divorces, and we do everything possible to keep a medical practice in one piece.