• Home
  • About
    ▼
    • John D. Heberger, CPA, CVA
    • John W. Heberger, CPA, Retired
  • Our Services
    ▼
    • Divorce Services
    • Collaborative Divorce
    • Litigation Support
    • Business Valuation
    • Tax and Compliance Services
  • Resources
  • Blog
  • Contact Us
  • Skip to primary navigation
  • Skip to main content
  • Skip to footer

Heberger & Company

Fresno Certified Public Accountants

559-227-9772
559-227-9772
  • Home
  • About
    • John D. Heberger, CPA, CVA
    • John W. Heberger, CPA, Retired
  • Our Services
    • Divorce Services
    • Collaborative Divorce
    • Litigation Support
    • Business Valuation
    • Tax and Compliance Services
  • Resources
  • Blog
  • Contact Us
You are here: Home / Blog / The Potential Impact of Divorce on a Medical Practice

The Potential Impact of Divorce on a Medical Practice

June 27, 2022 By John D. "JD" Heberger

If you are a physician in a private medical practice, you are likely concerned about how your divorce will affect your practice and your income. Working with a divorce financial professional can help you understand the process and allay some of your fears.

Medical doctors, especially sole practitioners, reasonably raise the issue that, “Without me, there is no value to the company.” They believe there will be a very high value attributed to the medical practice. This concerns them in that they fear how they will be able to compensate their soon-to-be ex-spouse.

Medical Practice and Divorce

In addition, the professional worries about how, if they do compensate their spouse for the value of the practice, then the medical professional will be further drained financially by still having to pay child support.

The physician may also be concerned that a non-medical professional spouse may not have the education, background, or skill to earn enough money to support themselves. So that the physician will also have to pay spousal support.

Working with a financial professional during the valuation process is helpful. The doctor can explain to the financial professional the background of the business. The financial professional will go through all financial information. Divorcing doctors need to understand that they are better off divulging all the expenses, even some they may think are only quasi-business related. It is much better to have an open dialogue than to hold anything back.

Heberger & Company Can Help with Valuation of a Medical Practice

Proper valuation of a medical practice can take time. Contact us at Heberger & Company An Accountancy Corporation to schedule a free initial consultation to see how we can help.

From the Blog

Navigating Finances Post Divorce

Navigating Finances Post Divorce

In a traditional, litigated divorce, the focus is on, “How can I keep my money?" Each spouse is focused on getting as much from the divorce as they can. They have an “every man or woman for themselves” approach which often leads to a very contentious and expensive divorce. A Collaborative Divorce is different. The couple works with a team and the team works together with both spouses during the … [Read More...]

Get in Touch

Member of American Institute of CPAs

Member CalCPA
Greater Fresno Chamber of Commerce
California Board of Accountancy
National Association of Valuators and Analysts

Filed Under: Blog Tagged With: Divorce, Impact, Medical Practice

Footer

Heberger & Company

5090 North Fruit Ave.
Suite 102
Fresno, CA 93711
T: (559) 227-9772
Contact Us
Privacy Policy / Terms of Use

  • Facebook
  • LinkedIn
  • Twitter

Copyright © 2023 - All Rights Reserved

· · ·

Web Design by The Crouch Group · Log in

· · ·