What Happens to a Professional Practice Upon Divorce?
Professionals with an ownership interest in their practice will likely find that there is a challenge in court regarding how to value their practice for purposes of distribution.
What is Income Imputation?
If you are involved in a divorce it is necessary to discuss and negotiate how to divide assets and liabilities.
You will also address support (alimony and/or child support) after the termination of your marriage. If you or your spouse are recently unemployed or have taken a leave of absence from the workforce, the imputation of income is an issue that will be faced.