Divorcing Physicians

The laws around divorce are complicated. Divorcing physicians require legal advice from a divorce lawyer with experience in their field. If you are a physician and own your medical practice, the value of your practice and its income is relevant to the issues of equalization and support during your divorce process. Often, additional legal matters arise, such as preparing agreements with the help of domestic contracts lawyers in Thornhill, or resolving parenting arrangements with assistance from parenting decision-making lawyers in Toronto.

The separation date is the focus point for the valuation of your medical practice. In other words, the value of your medical practice will be determined as of the date of separation. Upon separation, it will be necessary to equalize your assets with your spouse, including your practice, bank and investment accounts (registered retirement savings plans, non-registered accounts, etc.), and real property. In situations involving real estate and significant assets, working with a property division lawyer in Thornhill can ensure fair results, while issues related to children’s schedules may require a parenting time lawyer in Thornhill.