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Corporate executives put in long hours and face daily demands at work that require their undivided attention. A divorce can add to the pressure they are under and strain their capacity to focus on work-related tasks. If you are dissolving your marriage while balancing a high-stakes career, you can rely on an NYC divorce lawyer for corporate executives to help you navigate the family court system with a focus on protecting your rights and interests.
The Levoritz Law Firm represents corporate executives going through a divorce in New York City. Our team of skilled litigators understands the complexities of these cases and the unique challenges that C-suite executives face, whether they come from backgrounds as chief executive officers, chief financial officers, or chief operating officers. When we manage a case, we take a hands-on approach that begins by carefully learning about our client’s goals and objectives.
Then, we formulate a strategy tailored to those priorities. While other firms take the same or similar approaches to managing complex family court cases, we understand that no two cases are the same. We are always willing to think outside the box and to be open to new approaches and strategies. Our track record of proven results has earned our firm numerous awards and recognitions from prominent groups like Super Lawyers.
New York City is home to about 43 Fortune 500 companies. The state’s divorce rate of 2.4 per 1,000 residents means that many C-suite executives find themselves going through a divorce at New York County Supreme Court, located at 60 Centre Street, or Kings County Supreme Court, located at 360 Adams Street in nearby Brooklyn, in a given year.
Executives may face unique challenges when accounting for compensation during property division. Business leaders may be paid through bonuses, deferred compensation, stock options, and incentive plans that can be challenging to value and divide.
During custody disputes, CEOs and COOs may face challenges when it comes to finding a parenting plan that works with their demanding work schedules. Their high salaries could also lead to demands for spousal and child support that allows their partner and children to maintain their current standard of living.
Before a divorce can be finalized, both parties will need to come to an agreement on the terms of property division and child custody rights. New York follows an equitable distribution rule when it comes to accounting for marital and separate property. Marital property is acquired during the marriage and divided fairly, not necessarily 50/50.
Child custody cases are determined based on the best interests of the child. Factors like past parenting time, ongoing child-rearing responsibilities, and each party’s current home environment can be used to establish legal and physical custody rights. When parents cannot agree on the terms of these and other issues, the courts can take a more active role in making those decisions.
If you are in a top position at your company and going through a divorce, your first step should be to hire an NYC divorce attorney for corporate executives to manage your divorce case. New York’s divorce laws are complex and require parties to back up claims with compelling evidence and sound legal arguments.
When you work with an experienced divorce lawyer, you gain the support of an advocate who understands the challenges you face as an executive and the unique solutions that can protect your property and parental rights throughout the process. Lawyers are skilled negotiators who are not afraid to take direct action in court when needed to safeguard your interests.
A: Any assets and property that came from executive compensation would be classified as separate or marital property. Then, it would be fairly divided according to New York’s equitable distribution laws. When assets potentially include deferred compensation and pending bonuses, the task of calculating the value of the full marital estate can be challenging. Legal support can guide the process toward a fair and lawful conclusion.
A: A lawyer can protect a corporate executive’s privacy and sensitive business information by skillfully focusing on negotiations and mediation. Any steps that minimize the time a case spends in open court can help you protect your privacy. By working with an attorney who is familiar with the concerns of executives who may wish to protect sensitive business information, you can greatly reduce the risk that your business dealings become public record.
A: An executive’s demanding schedules affect custody and parenting time in multiple ways. The other spouse may use those job demands to argue that the business leader cannot provide a stable home environment for children. An attorney can rely on out-of-the-box thinking to find creative solutions for setting a parenting schedule that works for both parties.
A: Corporate executives can manage high-asset property division and financial disclosures by organizing detailed financial records early and identifying all sources of income, equity, and deferred compensation. Working with financial consultants can help with the process of valuing complex assets. It is also important to anticipate tax implications. A divorce lawyer can take steps to protect financial disclosures from becoming public record.
Working with the right family law attorney can remove much of the uncertainty associated with the divorce process. Since 2005, The Levoritz Law Firm has stood by executives going through complex family court cases. We understand the challenges that you are facing and how to take decisive action by filing first when needed.
Our law firm focuses on high-value divorces in New York. Once you meet with our legal team, we can carefully listen to your goals before explaining your options. We treat each case with an open mind and the attention to detail it deserves. Contact our office today to schedule your consultation so we can begin providing the high-quality legal services your case needs.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner, Yonatan Levoritz who has more than 20 years of legal experience as a divorce & family attorney.
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