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    Why hiring the right experts is critical during divorce proceedings

    Emotions can run high during a divorce, but working with the right professionals can help to streamline the process.

     

    Finding the professional experts to assist the dentist

    Know that the dental CPA is the best financial person to retain for assistance with the valuation. Supporting the attorney through the litigation process is an equally important provision to the proceedings, especially if the attorney has little experience working with dentists. Unfortunately, that is the norm for attorneys when working with the dental profession since there are few court cases involving dentists, so it is often difficult for attorneys to get the experience needed.

    Trending article: The Top 5 Dental Practice Management articles of 2017

    A recommendation is for the dental CPA to find the attorney, so that these professionals are both experienced as much as possible. If the dentist has retained the attorney, it is critical that a personal injury attorney, one with retail experience or other expertise that has nothing to do with the current situation is avoided. If it is too late for that, as long as the attorney follows the lead of the dental CPA, the dentist should still be able to come out of the problem with his or her finances in a stable situation.

    Moving forward

    The dentist must know that this problem will eventually end — and the sooner the better. Future earnings and the increase in the value of the dental practice will more than alleviate the financial dilemma the divorce has caused. Understanding and accepting this fact should allow the dentist to feel better about his or her financial future.

     

    Bruce Bryen, CPA, CVA
    Bruce Bryen is a certified public accountant with over 40 years of experience and is a part of RKG Tax & Business Services LLP, an ...

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