Practice
Area

Media

Texas Divorce Attorneys for Dentists

Dentists and Divorce: Key Considerations

Dentists and their spouses face several unique challenges when confronting the divorce process and, so, when dentists get divorced, they oftentimes need to consider certain issues that others may not need to think about. This is when an experienced divorce attorney at Kirker│Davis LLP is essential. Below are two potentially relevant special considerations for when dentists and their spouses get divorced.

The Dental Practice

Property division is a key step in all divorce cases. In many instances, assets can be quickly identified, easily valued, and efficiently divided. However, this process becomes somewhat more complicated when either spouse owns a business, such as a dentist who owns her own practice. A practice’s monetary value is not only important to its owner(s), it is a central consideration when dividing property in divorce. When a dental practice owned by a divorcing spouse exists, it is standard procedure to have a professional appraiser assess the practice and its assets, including office equipment, accounts receivable, and leases. Once a reliable valuation has been established, the court will typically award the practice to the operating spouse and other marital assets which have an equivalent monetary value to the non-operating spouse. This outcome is largely guided by the state’s Corporate Practice of Dentistry doctrine, which strictly regulates the non-licensed influence and ownership of dentistry practices. For example, if the wife is a dentist who owns her own practice, but the husband is not a licensed dentist, he cannot have an ownership interest in the practice and, so, the court will grant the dental practice to the wife and grant the husband other assets that are of equal value to the practice, thus providing for an equal division of assets. If the couple lacks sufficient assets to provide for a suitable division, the court may award the non-operating spouse a money judgment secured by the practice and/or its assets.

Personal Finances

A successful dental practice can bring many benefits to its owners, including financial success. Such benefits can add a layer of complexity to a divorce, however. The high net worth estates that accompany many divorces involving dentists requires careful analysis of the couple’s entire financial situation. The wealth built by many dentists often involves diversified asset portfolios, real estate, trusts, and retirement accounts. These varied asset classes make the property characterization phase of divorce (that is, the phase where the couple’s assets are determined to be either their separate or community property) particularly challenging. Further, such assets are sometimes acquired with a mix of the spouses’ separate funds, which can further complicate the characterization process. For this reason, it is very important to select a legal team that has dealt with high-value, complex estates in the past and is familiar with how to effectively, accurately, and efficiently facilitate this process. If you have questions regarding special considerations when divorcing as a dentist or divorcing as a dentist’s spouse in Texas, contact Kirker│Davis LLP to schedule a meeting with one of our lawyers today.

Request Consultation

    Empowering Clients.

    Achieving Results. ®

    TESTIMONIALS

    • "The divorce process is not an easy one, but I always felt fully supported, informed, and guided by Chris and the staff. Chris always laid out the options, made me aware of the risks, and provided me with recommendations, but he also gave me the flexibility to work out things with my ex where I could, to speed up the process and avoid some legal expenses. I highly recommend Chris for family law representation. ”

      David - Divorce Representation

    • "I’m a lawyer myself and Holly helped me with my recent divorce. She did an amazing job. She covered all the little issues that would have collectively cost me a bunch of money in the long run if she had not been so detail-oriented and focused. She is a tenacious advocate for her clients who aims to resolve matters amicably but will fight tooth-and-nail for her clients if that is what it takes to reach a...”

      Anonymous - Holly is the lawyer who lawyers hire for their own divorces

    • "Chris handled my case professionally, efficiently, and demonstrated a very strong knowledge of family law. Chris took the time to learn and understand all aspects of my situation and used that knowledge to develop a focused strategy that led to a successful outcome. I highly recommend Chris. ”

      Martin - Excellent Lawyer

    • "Ashley Morgan and her paralegal Aleks were both so amazing to work with. They were second to none in responsiveness and work ethic. I would recommend her work to anyone looking for family law, and could not be happier with my decision to work with them. Just a great group of people who are knowledgeable and passionate about the work they do. ”

      Josh Campbell - Family Law

    • "This was as good an experience as you can possibly have with a divorce situation! Candice and Laurie were professional yet compassionate. They treated me with great respect and were always available to answer my questions. The best part is they always had my best interest at heart. I would highly recommend Kirker Davis and Candice Derelye and Laurie Theriot. They are the best! ”

      Susan Morris - A divorce situation

    • "This was my first time ever working with lawyers and words cannot express how grateful I am for Ashley Morgan and her team. I needed direction during a difficult time and she provided step by step service. Would highly recommend! ”

      Erik Jurado - Highly recommended

    • "I praise Attorney Alyse Donnelly for all the hard work and hours she put in my divorce case. I believe that her experience, knowledge, and quick thinking resulted in beneficial results on my behalf. Ms. Donnelly along with Paralegal Stacy O’Brien and Attorney Michelle Fontenot are definitely assets to the Kirker Davis law firm. ”

      Bertha Solis - My divorce case

    • "My experience with Kirker Davis has been amazing. Candice Deyerle has been my attorney and in just under a month she helped to correct severe deficiencies in my custody case. She and her team respond within minutes or hours to even the most mundane requests. From the moment I walked in the office, I was greeted with an exceptional level of service, and even the receptionist inspires class and confidence. I wh...”

      Daniel Kearns - Custody case

    • "From my first visit, I felt like Candice listened to every word I said and showed concern about my pending situation. My ongoing experiences throughout our working together, made me feel like they were genuinely concerned about me and my integrity. If I wandered off course, Candice would guide me back online! Fantastic results! ”

      Edward Novess - Fantastic results

    Austin Family Attorneys

    Is Divorce Imminent

    Download “The 4 Steps In Every Divorce” eBook so you can be better prepared

    Download Now

    Austin Family Attorneys

    Request Consultation

    A strategic step towards resolution

    Submit a Request
    • Austin Office

    • McKinney Office

    • San Antonio Office