How Doctors Divorce in Florida

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How Doctors Divorce in Florida: A Smarter, Private, Team-Based Approach

Divorce is challenging. But for physicians and their spouses, it can come with extra layers—like valuing a medical practice, protecting reputation and sensitive financial data, and balancing a demanding career with family obligations. If you or your spouse is a doctor in Florida, Collaborative Divorce offers a way to handle your separation with professionalism, privacy, and support.

At Family Diplomacy: A Collaborative Law Firm, we’ve worked with doctors and high-net-worth families across the state. We understand the unique financial and emotional dynamics at play—and how to guide you through them with dignity.

A Private Divorce Process That Respects Your Profession

Collaborative Divorce discussions and decisions take place outside of court. Instead of leaving decisions up to a judge, you and your spouse work with a team of professionals to reach solutions together. This is especially helpful when one or both of you are physicians with complicated schedules, licenses, or business interests at stake.

Just like you may work with other healthcare professionals in a hospital or practice setting—surgeons, anesthesiologists, nurses, administrators—a Collaborative Divorce uses an interdisciplinary team. Your team likely will include two lawyers (one for each of you), a neutral facilitator (who is a licensed mental health professional to deal with challenging conversations head on and craft a tailored parenting plan), and a neutral financial professional (to efficiently gather mandatory disclosure and help develop bespoke financial options). Each team member brings their own area of expertise to help the family function better and get through the divorce.

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Divorcing in a Down Market – Pros and Cons

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Should You Divorce During a Down Market? Understanding the Pros and Cons
How market volatility, long-term investing, and the Collaborative Divorce process intersect

When the markets drop, your investments, retirement accounts, and even business valuations may look very different than they did just a few months ago. If you’re considering divorce in a time like this—especially after recent economic turbulence and tariffs—it’s natural to feel uncertain. But believe it or not, there may be strategic advantages to divorcing during a down market, particularly if you approach the process thoughtfully.

✅ Pro: A Unique Opportunity for Buy-and-Hold Investors

If you’re a long-term investor who believes the market will eventually recover (as history suggests it usually does), a down market may present a silver lining. Here’s why:

Let’s say part of your marital estate includes mutual funds, ETFs, or stocks that have dipped in value. If you receive those investments as part of your divorce agreement, you’re essentially getting more shares at a lower “price tag.” Over time, if the market rebounds, those shares may significantly increase in value—benefiting you in the long run.

In other words, if you’re a buy-and-hold investor, receiving a larger portion of your share of marital assets in investments during a downturn could position you well for future growth. You’re not just accepting lower-value assets—you’re planting seeds for potential recovery and wealth.

⚠️ Con: Lower Valuations Can Lead to Complications

Of course, not everything is rosy in a down market. If your marital assets include real estate, business interests, or retirement accounts, their reduced value may cause concern. One spouse might feel they’re losing out if an asset is divided when its value is temporarily depressed.

Also, dividing investments or retirement accounts during a low point can create tension, especially if one party is more risk-averse. This is where fear and conflict can escalate—unless you have a process in place to manage it.

🤝 How Collaborative Divorce Can Help

In a traditional court-based divorce, you may find yourself locked in a tug-of-war over who “wins” and who “loses” financially. But in a Collaborative Divorce, you and your spouse commit to resolving issues together, outside of court, with the support of a professional team.  Each of you have your own separate lawyers prohibited from taking your case to court and to give you independent legal advice, and there are usually also neutral specialists to help in finances and family dynamics.

Here’s how it helps in a down market:

  • Customized Financial Scenarios: A neutral financial professional can work with both spouses to explain investment values, simulate recovery scenarios, and suggest creative ways to divide assets based on both of your interests and risk tolerances—even in uncertain times.
  • Avoiding a Fire Sale: Collaborative teams counsel you to maintain the status quo until there is an agreement to do otherwise, which can help you avoid the rush to liquidate investments, allowing you to stay true to your long-term financial strategy.
  • Preserving Relationships: Especially important if you’re co-parenting, Collaborative Divorce helps you reduce stress and focus on your future, not just your fears.

👤 Led by a Trusted Collaborative Professional

Adam B. Cordover is a leader in Collaborative Divorce, having trained lawyers, financial professionals, and mental health experts throughout the U.S., Canada, Israel, and France. He also co-authored Building a Successful Collaborative Family Law Practice, a book published by the American Bar Association. With deep experience in complex financial matters, Adam can help guide you through divorce in a way that protects your goals and honors your long-term financial values.

💬 We Can Help

If you’re facing divorce during a volatile market, you’re not alone—and you have options. We can help you make informed, thoughtful decisions that protect your future. Contact Family Diplomacy: A Collaborative Law Firm by clicking the button below.

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Family Diplomacy: A Collaborative Law Firm has a virtual practice and represents clients in South Florida, Central Florida, and North Florida.  We also have offices in Tampa, St. Petersburg, and Sarasota.

Simplifying Divorce for High Net Worth Individuals: Working With Your CPA or Financial Advisor

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The Challenge of Divorce for High Net Worth Individuals

Navigating a divorce is never easy, and for high net worth individuals, the process can feel even more overwhelming. Between managing the complexities of Florida Family Law Rule of Procedure 12.285—commonly known as mandatory disclosure—and safeguarding your financial future, it’s natural to want to simplify the experience and delegate much of the work. That’s where a skilled family law attorney can be invaluable. By working closely with your CPA or financial advisor, we can streamline the disclosure process and minimize the demands on your time and energy.

Understanding Mandatory Disclosure

Mandatory disclosure requires each party in a divorce to provide detailed financial documentation. For high net worth individuals, this often includes extensive information about investments, business interests, real estate holdings, and more. The sheer volume of documentation can be daunting, but it doesn’t have to be. If you already have a trusted CPA or financial advisor, they are likely familiar with much of your financial landscape. Our team can work directly with them to gather and organize the required information, so you don’t have to get bogged down in the details.

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How Are Medical School Student Loans Handled In a Florida Divorce?

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When you’re facing a divorce in Florida, one of the complex financial issues you might encounter is how to handle student loans, particularly medical school student loans. These debts can be substantial, often amounting to hundreds of thousands of dollars, and it’s natural to wonder how they will be treated during the divorce process. Understanding your options and rights is crucial, especially if you and your spouse are seeking a Collaborative Divorce, which focuses on finding amicable solutions privately rather than through a public divorce court battle.

Understanding Marital vs. Non-Marital Debt – Med School Loans

In Florida, the law distinguishes between marital and non-marital assets and debts. Marital debts are those incurred during the marriage, regardless of whose name they are in or who incurred them. Non-marital debts, on the other hand, are typically those incurred before the marriage or after the date of separation.

If you took out medical school loans before you were married, these debts are generally considered non-marital, meaning you would be solely responsible for them. However, if you took out the loans during the marriage, things get a bit more complicated.

Medical School Student Loans as Marital Debt

If your medical school student loans were taken out during your marriage, they will be considered marital debt. This means that both you and your spouse could be responsible for repaying them, even if it was taken out in only one spouse’s name.  If some student loans were taken out prior to the marriage and other medical school debt was taken out during the marriage, then some loans will likely be considered non-marital and other med school loans will be considered marital. In a traditional divorce, this could lead to a lengthy and contentious battle, especially if the loans are significant.  More commonly, especially in a Collaborative Divorce, only one spouse ends up taking responsibility for paying off the marital portion of the loans, while they also typically get something in return to offset the debt.  Alternatively, the other spouse may take on a different set of debts as an offset.

In a Collaborative Divorce, you and your spouse have the opportunity to work together to find a fair and equitable solution. The Collaborative Process encourages open communication and cooperation, allowing both of you to express your concerns and preferences.

At the end of the day, a court will likely order, and most divorcing spouses agree on, an equal distribution of your family’s marital net worth.  So, for example, if your family has a total of $3 million in marital assets and $1 million in marital debts, equaling a net marital estate of $2 million, then likely each of you will end up with around a net worth of $1 million from the marital estate (though most people agree to an equal distribution of your marital assets/debts, you can also agree to an unequal distribution if it makes sense for your family or as an alternative to alimony).  For this reason, when determining how you are going to split your assets and debts, it is important to look at not just one debt, like medical school student loans, but at your family’s full financial picture.

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Kiplinger: “Think of Prenups and Postnups as Financial Planning Tools”

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In an insightful article in Kiplinger, “Think of Prenups and Postnups as Financial Planning Tools,” Andrew Hatherly, a Chartered Retirement Planning Counselor, delves into how prenuptial and postnuptial agreements are not just for those planning for the worst.  Rather, they can be essential tools in financial planning, particularly for couples marrying later in life. This blog post discusses the contents of article, which you can read here.

When you think of prenuptial and postnuptial agreements, what comes to mind? For many, it’s the idea of planning for a potential divorce. However, these agreements can be so much more than just a contingency plan—they can be crucial financial planning tools that help you and your partner start your marriage on solid ground, especially if you’re marrying later in life or have substantial assets.

Why Consider a Prenup or Postnup?

In today’s world, where financial independence is increasingly important, prenups and postnups (which is like a prenup, but it is signed after you are already married) offer a clear framework for managing your assets. Whether you’re entering a marriage with significant wealth, a business, or debts, these agreements provide clarity. They help you and your partner establish expectations and protect what matters most to you both.

If you’re getting married later in life, you likely have accumulated assets, retirement accounts, or even a business that you want to safeguard. A prenup or postnup can protect these assets and ensure they’re distributed according to your wishes, not just the default laws of your state. Additionally, if one or both of you have children from a previous marriage, a prenup or postnup can help ensure that they’re provided for.

Debts: A Growing Concern

Let’s not forget about debt. Whether it’s from student loans, credit cards, or a previous mortgage, debts are increasingly common. A prenup or postnup allows you to specify how these liabilities will be managed during your marriage. This means one partner isn’t left responsible for the other’s debts, which can alleviate a significant source of stress and conflict.

Financial Transparency and Communication

One of the biggest benefits of drafting a prenuptial or postnuptial agreement is the open financial dialogue it fosters between you and your partner. These agreements require both you and your fiancé/spouse to fully disclose their financial situation, including assets, debts, and income. This transparency can prevent future misunderstandings and ensure that you both are on the same page when it comes to money management.

It’s not just about protecting yourself; it’s about ensuring that your financial partnership is built on honesty and mutual respect. By having these discussions early on, you set the tone for how you’ll handle financial decisions throughout your marriage.

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How We Review Your Prenuptial Or Postnuptial Agreement With You

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Your fiancé or spouse’s lawyer has provided you with a prenuptial agreement or postnuptial agreement, and it is a behemoth.  It is common for these documents to be 30 to 60 pages of dense “legalese,” sometimes with hundreds or thousands of pages of additional financial disclosure.  Don’t just sign the agreement without understanding it!  It can have a significant impact on your rights in the event of divorce or the death of your spouse.  Further, these documents are rarely “take it or leave it,” and you can negotiate terms that address your needs.

This post discusses how we review and negotiate prenuptial agreements and postnuptial agreements for our clients.

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Divorce: What Happens to My Small Business?

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You have worked hard to build your small business in Tampa Bay or Greater Sarasota.  Your dreams and future are intertwined with your company.  But, now, you are facing divorce, and you are worried about how this will affect your small business.  You know there are quite a few issues that you will have to deal with.  Child custody, division of property and debts, and child and spousal support all need to be addressed.

Small Business and Collaborative Divorce

Small Business & Collaborative Divorce

But what happens to your small business?

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Protecting Your Tampa Bay Business With A Prenuptial Agreement

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Under Florida divorce law, businesses are subject to equitable distribution.  This essentially means that it can be considered a marital asset that is divided as part of the resolution of all divorce-related issues.

Small-business owners, who have shed blood, sweat, and tears for their endeavor, find it surprising and frightening that a business might be divided in divorce.  Further, this can be disruptive to the spouse of the small business owner; if the business begins failing due to protracted fighting or litigation, the spouse’s ability to receive alimony or child support is greatly reduced.

Protecting Your Small Business

One way to protect a business from the fallout of divorce is to enter into a prenuptial agreement or, if you are already married, into a postnuptial agreement.

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Collaborative Divorce and Small Businesses

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Divorce is one of life’s most difficult tests.  The stress that the traditional adversarial litigation divorce can have on employees cost business owners countless dollars every year.  Further, a private business is seen by Florida law as a potential marital asset, to be divided in divorce just like 401(k)’s, jewelry, or furniture.  When a business is put in the spotlight of a traditional courtroom divorce, Florida’s sunshine laws dictate that the remains of the business can be picked apart in detail by competitors sifting through a public court file.

Small Business & Collaborative Divorce Graphic

Collaborative family law (also known as collaborative divorce), by contrast, is non-adversarial.  The spouses’ attorneys are not seen as “opposing counsel,” but rather as teammates.  The clients themselves are not seen as “opposing parties,” but rather as co-parents or simply people looking to transition to the next stage of their lives.

Collaborative attorneys can only help the spouses reach an out-of-court settlement, so no time, money, or energy is spent on opposition research, dirty litigation tactics, or preparing for a costly trial.  This greatly reduces the stress on spouses and mitigates productivity losses.

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