Divorce for Professionals in the Atlanta Metro Area
Doctors, lawyers, dentists and other professionals have special interests that must be protected in divorce, especially in an equitable distribution state such as Georgia. If you are a professional who is considering divorce, you should discuss your financial situation with an experienced attorney before you take any steps that cannot be undone.
At The Siemon Law Firm, our lawyers are here to protect your interests if you are going through or planning a divorce in Georgia. With offices in Alpharetta, Cumming and Atlanta, we represent professionals throughout the Atlanta metropolitan area.
What Will Happen to My Practice?
If you are a part owner or shareholder in your practice, some or all of your practice may be considered marital property. In a worst-case scenario, you may have to sell your practice or take out a loan to pay off your spouse for his or her interest.
Equitable distribution laws are complex. Even if you owned the practice before your marriage, a portion of the practice may be considered marital property if:
- The practice increased in value during your marriage
- Your spouse contributed to the practice, either by working for the practice or by contributing in other ways (such as performing household duties that allowed you to concentrate on the practice)
- You contributed marital property assets to the practice
- You included your spouse's name in the practice
To fully protect your assets, you should consider a prenuptial or postnuptial agreement. A postnuptial agreement is the same as a prenuptial agreement, except it is entered into after marriage. Even though a postnuptial agreement may be difficult to discuss with your spouse, it will be easier to discuss the issue now rather than during a divorce proceeding.
Our lawyers can also advise you in ways to protect separate property assets without a prenuptial or postnuptial agreement.
Contact Our Atlanta Divorce Attorneys Today
Whether you are planning for a divorce or you need to respond to a divorce filing by your spouse, our lawyers are here to advise you. Please contact us today and arrange a personal, discreet and helpful consultation.
