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Divorce cases involving corporate partners and shareholders present challenges that extend beyond common marital disputes. Equity interests, partnership agreements, and deferred compensation can complicate the process of dividing an estate and potentially delay the time it takes to finalize a divorce. With support from a NYC divorce lawyer for corporate partners and shareholders, you can manage your divorce with focus and confidence.
The legal team at The Levoritz Law Firm understands the unique challenges faced by corporate partners and shareholders. Since 2005, we have represented clients in high-value divorces that involve complex investments and assets. When we accept a case, we do so with a commitment to providing hands-on representation that leads to favorable outcomes in court.
Our strong track record of success has earned us numerous awards and recognition from groups like Super Lawyers. We are also proud to maintain a high rating by Avvo. Our law firm is willing to take a fresh look and perspective with each new case. After taking considerable time to learn about our clients’ background and goals, we move forward with focus and a willingness to file first if that serves our clients’ interests.
Around 62% of Americans own stocks, mutual funds, or have funds in retirement accounts. Given New York’s divorce rate of 2.4 per 1,000, that means many people going through a divorce have to account for complex assets during property division. Corporate partners going through a divorce often face complicated challenges due to the structure of their compensation and ownership interests.
Shares in certain companies may have provisions governing how they can be transferred or sold. This can create complications for cases where the courts take an active role in property division.
Partnership equity, profit distributions, and deferred compensation may require valuations from an outside consultant or group.
Privacy is another major concern for individuals working in areas like Midtown, Manhattan, SoHo, or Tribeca. Demanding schedules can make balancing court appearances while working both stressful and challenging.
Before a divorce can be finalized, the marital estate must be fairly divided according to New York’s equitable distribution laws. Under that framework, property, debt, and assets are divided into separate and marital property, with the latter being subject to division through the courts. Separate property includes things like gifts and inheritances.
Child custody is determined based on the best interests of the child, which can require an examination of past parenting time and obligations. New York recognizes legal and physical custody. Support obligations can also play a role in shaping the outcome of a divorce.
Child support provides children with the resources they need to meet their basic needs, while spousal support may be justified if the marriage is lengthy and one spouse has a higher earning potential.
If you own shares in a company or are a corporate partner, the outcome of your divorce could have serious implications for those assets and the stability of the company in which you have an ownership stake. When you work with an NYC divorce attorney for corporate partners and shareholders, you benefit from their deep understanding of divorce laws and how stock ownership can affect the outcome of your divorce case.
The decision to hire an attorney can position you for a favorable outcome in your case. A family law attorney can gather evidence to document marital and separate assets and develop a strategy that protects your stocks and any business ownership claims you have from being unfairly divided. In many cases, your lawyer can negotiate settlement terms that protect those assets from being touched by the courts or your spouse.
A: In New York City divorces, ownership interests in businesses are subject to equitable distribution. This means that the focus is on fairness and not necessarily dividing the marital property 50/50. If ownership interests, shares, or partnership stakes are found to be marital property, they would likely be subject to division. How that looks in practice is up to the parties to a divorce.
A: Corporate partners and shareholders may be protected by partnership agreements, shareholder agreements, and confidentiality protections that are written to limit disruption during situations like a divorce. The courts understand that meddling in a private business could cause harm to a business and its employees. Orders may be given to protect sensitive financial information from disclosure.
A: A divorce lawyer can address disputes over income, distributions, and business valuations by carefully reviewing financial records and conducting independent audits of assets and properties. Family law firms often work alongside outside groups to calculate reliable numbers that can resolve disputes over business valuations and other important steps tied to the process of dividing a marital estate.
A: When a judge sets spousal or custody support obligations, they consider factors like work schedules, travel demands, and availability for parenting time, among other factors. Income variability can also be considered when the primary earner’s wages fluctuate from year to year. Both parties may present evidence and arguments to support their respective requests.
The outcome of your divorce can have consequences for the stocks you own and other important assets. When you work with the skilled litigators at The Levoritz Law Firm, you benefit from our decades of experience managing complex cases involving stocks and business partnerships.
Don’t risk your parental and property rights on unproven legal counsel. Contact our office today to schedule your consultation and gain the high-quality legal support you deserve.
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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