If you’re going through a divorce in Texas, it can feel like a lot is on the line. Certain people working in the medical field might have their practices split with their former spouse during this time. While things might initially feel confusing, consider a few of these strategies to protect your medical practice in a divorce.
Don’t leave out personal information
An unavoidable part of getting divorced is opening up about your life to judges and lawyers. With that said, it’s human nature to avoid wanting to tell these people secrets about your past or your practice. However, not being upfront and honest during a divorce won’t work out in your favor. It’s also incredibly hard for your counsel to help with anything about your life they first learn about during a hearing.
Have an expert accurately value your practice
Another area where physicians make legal mistakes during divorces is by not having an accurate value of their respective practices. Either overstating or understating the worth of your practice can make you look like you’re dishonest.
Answer requests for information quickly
Many physicians lead busy lives. While you can’t put your practice completely on hold during a divorce, you will get pulled away from your work. During a divorce, you’ll often need to present documents and other information requested of you. When this happens, try to respond to any requests as fast as possible. If not, you’re only going to make your divorce process last longer.
Finding new love while getting divorced
An important part of the post-divorce process is moving on in life and finding new love. However, some people in the medical field make the mistake of moving forward with a new partner while they’re getting divorced. If you do something like this, it’s going to hurt your case when your practice is up for a potential division.
In conclusion, it’s understandable to worry about the future of your medical practice during a divorce. By following the strategies above, you could help ensure that your practice isn’t in jeopardy while you’re getting divorced.