Columbus Business Owner & Executive Compensation Lawyers
Helping Business Owners Resolve Complex Divorce Issues
No one would consider divorce to be a simple process for any party involved. However, certain types of divorces are especially complicated and arduous for everyone, particularly when one or more of the parties owns a business or a large amount of assets. If you are a business executive and are going through a divorce, you probably already know that you will soon face especially tricky challenges. Since being a corporate or business executive can be extremely stressful already, dissolving a marriage as an owner or manager tends to simply compile your anxieties.
This is why it is crucial to involve our Columbus business owner and executive compensation attorneys. Our team at Friedman & Mirman Co., L.P.A. can help you find the best strategies to safeguard your reputations and assets in the most challenging of circumstances.
Call us today at (614) 412-3943, and you can be sure that our skilled family law attorneys can help guide you through any of your questions.
Preserving Your Assets
One of the most important aspects you will want to take care of before your divorce is underway is making sure that your assets are legally safeguarded. As a business or corporation executive, you know that you work extremely hard to earn your rightful compensation. The problem is that if you get divorced in Ohio, many of these hard-earned profits could be stripped of you and given to your ex-partner, even though they were not involved in your labor.
With the care of our skilled attorneys, we can strategize how to protect your assets, including:
- Any of your short-term or long-term investments, such as multiple homes or additional real estate purchases
- Special reserved compensation packages for executives, such as accounts for retiring
- Different interests of business, such as stocks (those that were given during marriage must be divided evenly, but those options which weren’t yet meted could potentially remain safely yours)
- Potentially deferred bonuses or salaries
Resolving Issues through Executive Compensation
Not only do executives need to worry about how debts and assets may be protected or divided throughout the divorce, but they also need to consider any possible liabilities which might occur, or scenarios where ex-partners might aim to obtain more spousal support or child support than is fair. Our skilled attorneys can scrutinize any demands for alimony or child support being made to investigate that your ex-partner is not concealing any of their own income to gain more of yours. If any prenuptial or postnuptial agreements were made, we can carefully examine these to make sure they are followed exactly as ordered.
When alimony or child support is being calculated, it is also important to remember that any 401(k) or IRA accounts and pensions are technically also counted as property shared in marital relationships. So that you are not forced to pay even more penalties or taxes for cases of early withdrawal, you will want the advice of our knowledgeable lawyers in helping you distribute funds through a Qualified Domestic Relations Order (QDRO).
Since there tends to be a lot of wealth at stake, our skilled Columbus business owner and executive compensation lawyers can work rapidly and carefully to ensure that no amount of income is lost in the process, and that your future remains undamaged by your ex-partner.
We strive to help our clients get a fresh start on life without losing any of the fruits of their hard-earned labor from the past and present.
Experienced Trial Lawyers
Decades of Experience