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February 3, 2020

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Doctors and Divorce – Understand the legal journey and divorce process ahead

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When a doctor or medical professional separates or divorces, the divorce process ahead can often be a tough, long and emotional journey. Divorce It is a common misconception that a formal ‘divorce’ relates to a division of assets following a separation. This is incorrect as a divorce concludes the marriage partnership, but does not formalise […]

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Doctors and Divorce – Think current AND future financial position

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Statistically speaking, over 50 percent of marriages in Australia end in divorce. The largest proportion of couples separating or divorcing are those who have been married less than nine years; with the highest rate of divorce coming from men and women aged 25-29. These are sad and unfortunate statistics, however, for more than half of

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Doctors and Divorce – A medical accountant’s guide to separation and divorce taxation

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Going through a divorce or relationship dissolution can be a challenging time irrespective of whether both parties are amicable. Aside from legal implications (read Doctors and Divorce – Understand the legal journey ahead) and financial planning/insurance considerations (read Doctors and Divorce – Think current AND future financial position), there are a few divorce taxation issues

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Managing financial impact of divorce in the medical profession

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The demands of people working in the medical profession are unforgiving. Long hours and rigorous demands of the job can lead to poor work-life balance, sometimes placing undue pressure on family relationships. Medical professionals comprising doctors in training, GPs, surgeons and specialist practitioners are considered high income earners, often accumulating a significant asset base throughout

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