Strategic Representation In Divorce Involving Professionals
When professionals are involved in a divorce, complex issues regarding income and business valuation often arise. It is important to consult with experienced attorneys who have the knowledge and skills necessary to protect your financial health and guide you through the divorce process as efficiently as possible.
We have been serving the legal needs of the city of Salem, Massachusetts and the surrounding communities for two generations. Our lawyers have represented many professionals and their spouses during the divorce process. We understand the legal issues unique to professionals and high-net worth individuals. We work hard to protect our clients’ financial interests. Representative clients include:
- Doctors, dentists, chiropractors and other health care professionals
- Other business owners
Divorce For Professionals And Their Spouses
Divorces involving professionals and professional practices are often complex. In addition to valuing the business, it is necessary to determine income for child support and alimony purposes. Because professionals often do not earn traditional salaries, but instead are paid based on the financial health of a practice, determining income can be difficult.
Our attorneys work closely with financial professionals, including certified public accountants (CPAs), forensic accountants, real estate appraisers and business valuation experts to value the entire marital estate, including professional practices. Items we evaluate include:
- Bank accounts
- Partnership agreements
- Retirement accounts
- Profit-sharing agreements
- Deferred compensation plans
- Stock options and investment portfolios
- Real estate
Protecting Professional Practices
During a divorce, all property must be divided between the spouses. This process often puts professional practices, homes and other valuable assets at stake.
We use creative techniques when fashioning divorce settlements. By thinking outside the box, we are able to prevent the liquidation of professional practices and preserve our clients’ hard-earned assets.
Learn how we can help
During divorce, many people feel overwhelmed by the legal process and feel as if they are not being heard. We make sure our clients have a voice. We stand up for our clients’ interests at the bargaining table and in the courtroom.
If you are a professional or married to one, it is important to hire attorneys who can protect your rights during the divorce process. Contact Porcello Law Offices for a consultation.