Republished from Medical Economics, January 25, 2011 MedicalEconomics.com
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Planning for the Possibility of Divorce, Disability, or Death can Save a Practice in the Long Run
The Organization Needs to Consider Human Frailty, Behavior, and the Realities of Practice Life
Divorce adds complications
Divorce presents a particularly difficult problem for the practice, because by nature it creates an adversarial relationship between the divorcing couple and the practice. The spouse of the physician-owner, through an attorney, is determined to be sure that his or her share of the practice, real estate, retirement fund, and other ancillaries are appropriately valued, whereas the practice and the physician owner are trying to ensure that overvaluation models do not come into play.
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