{"id":2602,"date":"2023-02-17T09:25:55","date_gmt":"2023-02-17T15:25:55","guid":{"rendered":"https:\/\/www.mcclure-lawgroup.com\/blog\/?p=2602"},"modified":"2023-04-19T14:45:41","modified_gmt":"2023-04-19T19:45:41","slug":"how-do-texas-courts-value-a-medical-practice-during-divorce-proceedings","status":"publish","type":"post","link":"https:\/\/www.mcclure-lawgroup.com\/blog\/how-do-texas-courts-value-a-medical-practice-during-divorce-proceedings\/","title":{"rendered":"How Do Texas Courts Value a Medical Practice During Divorce Proceedings?"},"content":{"rendered":"

\"iStock-932331618-300x200\"<\/p>\n

Valuing a closely-held medical practice during a divorce in Texas requires a complex understanding of the measures of value, methods of valuation, and Texas statutes. Although business valuations do not adhere to precise mathematical processes, general methods, procedures, and principles exist. In Texas, determining the value of medical practice is often a critical and hotly contested aspect of divorce proceedings. Understanding how a court will incorporate the value of medical practice to come to a \u201cjust and right\u201d division of property is crucial to securing a favorable outcome in a divorce.<\/p>\n

TEXAS ASSETS DURING A DIVORCE<\/strong><\/p>\n

Texas is a community property state<\/a>, meaning only property created or accrued during the marriage is subject to division during a divorce. Community property may include real estate, businesses, medical practices, cars, money, and retirement accounts. Under the law, courts must make divisions that are \u201cjust and right.\u201d It is important to note that \u201cjust and right\u201d does not necessarily equate to a 50 percent division.<\/p>\n

OWNERSHIP OF MEDICAL PRACTICE AFTER A DIVORCE<\/strong><\/p>\n

Medical practices fall under an important caveat of Texas\u2019 property division laws. The Corporate Practice of Medicine (CPOM) doctrine prohibits non-physicians, entities, or corporations from practicing medicine. Thus, a court cannot divide the ownership of a medical practice to a non-physician spouse; instead, the court can only determine and divide the value of the practice.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Valuing a closely-held medical practice during a divorce in Texas requires a complex understanding of the measures of value, methods of valuation, and Texas statutes. Although business valuations do not adhere to precise mathematical processes, general methods, procedures, and principles exist. In Texas, determining the value of medical practice is often a critical and hotly […]<\/p>\n","protected":false},"author":11,"featured_media":2654,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,4,27],"tags":[],"class_list":["post-2602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-divorce","category-property"],"yoast_head":"\nHow Do Texas Courts Value a Medical Practice During Divorce Proceedings? — Texas Divorce Attorney Blog — February 17, 2023<\/title>\n<meta name=\"description\" content=\"Valuing a closely-held medical practice during a divorce in Texas requires a complex understanding of the measures of value, methods of valuation, and — February 17, 2023\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mcclure-lawgroup.com\/blog\/how-do-texas-courts-value-a-medical-practice-during-divorce-proceedings\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How Do Texas Courts Value a Medical Practice During Divorce Proceedings? 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