Andrew H. P. Norton is a Plymouth County professional practice valuation attorney representing clients throughout southeastern Massachusetts. He represents doctors, lawyers, dentists, psychologists and other professionals who oftentimes run their own private practices. Dividing a professional practice in a divorce can be an extremely complicated matter. Whether you own a private practice or you are the divorcing spouse of a professional with a private practice, accurate and honest valuation is essential to an equitable property division settlement.
Contact attorney Andrew H. P. Norton at 508-322-7032 for a free initial consultation regarding professional practice valuation.
Valuating Private Practices for Clients in Massachusetts
When valuating a professional practice, it is essential to uncover any hidden assets and income streams that could exist, balance the practice's assets against liabilities, and organize all of the accountings into a clean, useable format.
Attorney Norton works with a team of forensic accountants and other professionals to ensure accurate, detailed private practice valuations. If you are a professional with a private practice or the spouse of a professional, attorney Norton can help you obtain a fair and equitable settlement or divorce decree based on an accurate valuation.
Once the professional practice is valuated, the court will need to divide it along with the other assets. Just like in dividing business interests, as for all complex property division matters, the court will use the factors found in Massachusetts General Laws Ch. 208 §34 to determine how much of the asset each party will receive. For example, a spouse who was deeply involved with the other spouse in running the private practice for many years may in some instances receive a much higher percentage of the asset than the spouse who resisted or opposed the venture.
Contact Easton Asset Protection Attorney ∙ Free Initial Consultations
If you are facing a divorce involving the division of a professional practice, call 508-322-7032 in Brockton, 508-746-2444 in Plymouth, or e-mail the firm to schedule a free consultation with attorney Andrew H. P. Norton.