Newport Beach Medical Professional Divorce Lawyer

Newport Beach Medical Professional Divorce Attorney

If you are a member of the medical profession and pursuing a dissolution of your marriage in California, you are likely concerned about the fate of your medical practice. Divorces are complicated legal matters, no matter the specific circumstances. However, when you are a medical professional, these cases can be even more complex. This is when the assistance of a Newport Beach medical professional divorce lawyer becomes vital.

Thankfully, Quinn & Dworakowski, LLP, has the knowledge and experience to represent your interests throughout this process. Our law firm understands the difficulties that face you as a medical professional in a divorce. We know how to protect your medical profession from any negative impacts of your divorce. Our team can work hard to advocate for you and protect the high-value assets that come with a medical practice.

What Can Occur in a Newport Beach Medical Professional Divorce?

If you own and operate a medical practice in Newport Beach, you are likely wondering what might happen to it in your upcoming divorce. It is understandable that you may be feeling uncertain, and even frightened, over the impact your divorce might have. After all, you have spent countless years in education to get to this point, and you deserve to hold on to the legacy you are building.

California operates as a community property state. Therefore, in a divorce, marital property and debt will be subject to an equal division. If there is a prenuptial agreement in place, however, there might be some exceptions to this rule. If you, as a medical professional, establish your practice during your marriage, it will undergo a professional valuation and be incorporated into the marital property. It may then be divided at the time of the divorce.

Similarly, if your medical practice was established before you got married, but the value of the practice increased throughout your marriage, that growth is viewed as marital property. In that case, the practice can be subject to an equal split. To protect your interests, it can be essential to retain the services of a divorce attorney. They can value your medical practice and fight to protect your interests in the divorce.

Quinn & Dworakowski, LLP: Protecting Your Medical Profession in a Newport Beach Divorce

When a divorce in California involves a member of the medical profession, such as doctors who own and operate their own practices, it can further complicate an already complex legal matter. Medical practices typically involve high-value assets, so it is vital to hire an attorney who can value these assets. They can then determine how a fair and equal split may occur while still protecting your hard-earned practice and other interests.

At Quinn & Dworakowski, LLP, our team of experienced attorneys has successfully represented many divorce clients who own and operate their own medical practice or are otherwise in the medical profession. We understand the complexities of these cases, so we are prepared to help you achieve the outcome you are hoping for in your Newport Beach divorce settlement.

Common Mistakes to Avoid in a Newport Beach Medical Professional Divorce

When the issue of property division comes up in a Newport Beach divorce, the divorcing couple must complete three actions. They must:

1. Determine whether the property is marital or separate property.
2. Agree on the value of the property if it is determined to be martial.
3. Decide how to split the property equally.

In cases where the couple cannot agree on these issues, they may have to proceed to litigation. In court, there are a few costly mistakes that you will want to avoid. These can include:

• Failing to take tax consequences into consideration
• Not completing an inventory of the assets and debts involved in the medical practice
• Hiring an attorney who is not experienced in divorces involving the medical profession
• Failing to disclose financial information to your spouse and/or your attorney
• Overstating or understating the value of the medical practice
• Failing to meet important deadlines
• Not having an active role in the life of the children involved in the divorce

FAQs About Newport Beach, CA Medical Professional Divorce Laws

How Much Do You Pay a Divorce Lawyer in California?

In California, one cannot estimate beforehand the cost of an attorney. Each case has several unique factors, and each can influence the final cost of the divorce case. One factor that must be considered is the money involved in hiring professional appraisers for your medical practice and other high-value assets.

What Type of Lawyer Is Ideal for Divorce?

When searching for the right attorney to represent your interests in a California medical professional divorce, you need someone who is well-versed in California state family law. Furthermore, an ideal attorney in such a divorce should also have experience representing individuals who own, operate, or otherwise have a vested interest in a medical practice.

How Long Does a Medical Professional Divorce Take in CA?

In California, the timeline of a divorce case cannot be determined before it begins. There are many issues involved, and many of them are unpredictable before the fact. Factors that can influence the divorce timeline include the size and value of the medical practice and your spouse’s willingness to negotiate.

Is a Medical Professional Divorce Considered a High-Asset One?

Yes, most medical professional divorce cases can be considered high-asset divorce, as these cases typically involve the operations of a high-earning medical practice. High-asset divorces are those that usually include significant wealth and/or property. These cases can be difficult and contentious, as most couples will find it challenging to amicably divide these assets.

Contact a Trusted Newport Beach Medical Professional Divorce Lawyer

If you are a member of the medical profession in Newport Beach and are seeking a divorce, you need the assistance and legal guidance of a divorce attorney who understands the intricacies of these cases. At Quinn & Dworakowski, LLP, we have over 30 years of experience representing medical professional divorces. We are ready to use that experience to protect your interests and hard-won legacy. Contact our offices today to learn more.