Why You Should Seek Legal Counsel From an Executive Divorce Attorney
A divorce involving a business executive and his or her spouse can lead to a complicated division of assets, including deferred compensation and future income that was part of a business contract negotiated during the marriage. Obtaining legal counsel from an executive divorce attorney is imperative to ensure that your case is handled professionally and in a way that protects you and your assets. At Gardner & Lewis, LLP, attorney Henry F. Lewis provides legal representation to clients throughout Oakland, CA, and the surrounding areas, helping to protect their rights and to ensure that a fair distribution of assets is achieved.
Unlike a divorce involving couples in non-executive professional positions, a divorce involving a CEO, President, CFO, or other executive positions will usually include more complex planning and in-depth knowledge of the laws pertaining to the division of property.
Understanding the Complex Intricacies of Executive Divorce
When an executive and their spouse are involved in a divorce, there are many complications and intricacies that must be addressed throughout the process. Unlike a divorce involving non-executives, legal experts are typically required for various reasons, including:
- The Valuation of a Business
- Complex Property Division
- Child Support and Guardianship
It is common for the divorcing spouse of an executive to seek 50 percent of all of the estate’s assets. However, various factors, including how they were acquired, the types of assets, and the support given to the executive’s career can all play a role in determining whether this is appropriate. Our firm will investigate all aspects of the shared assets and if necessary, we will work in conjunction with an asset manager to ensure a fair and proper split.
Business Executives Need a Family Law Specialist
Unlike a divorce involving couples in non-executive professional positions, a divorce involving a CEO, President, CFO, or other executive positions will usually include more complex planning and in-depth knowledge of the laws pertaining to the division of property. In addition to the complexities of valuing both tangible and intangible assets, legal counsel needs to have extensive knowledge and understanding in dividing stocks, bonds, retirement accounts, and business interests. In addition to splitting assets, property, and financials, other considerations during these types of divorces include financial support, alimony, and child custody. With each issue, separate agreements are required, which involves mutual understanding and agreements of both parties involved. We have represented many executives and their spouses, and have helped them reach an agreement and find common ground.
Discuss Your Divorce Case With Us Today
We understand that a divorce is a difficult time for all parties involved and that it can be both mentally and physically exhausting. It is our goal to help you achieve a fair and just outcome. Whether you are the executive or the spouse of an executive, there are legal rights that can help protect you, your lifestyle, and your family. With each client, we work diligently to be reflective to the needs of our clients, which means that we will help facilitate your involvement in the process.
If you would like to discuss your legal rights and learn more about how our firm can help you with your divorce case, please contact our office online or call (510) 451-4822 to schedule a consultation.
“The needs of your family are always at the forefront of our legal services. Whether through litigation or mediation, we believe that reaching a fair, efficient solution with minimal negative impact to your family is of the utmost importance.” Henry F. Lewis