Divorce Issues For Executives

If you or your spouse is an executive in a company, professional practice, partnership or other organization, you face additional concerns when dividing your marital property.

Many executives receive certain perks, either in place of or in addition to a large salary. Many of these perks have value and are considered part of the marital estate.

Business owners and those in professional practices may have agreements with partners that will be affected in a divorce. Many executives receive shares of the company as part of their compensation. All of these things must be considered when dividing the marital estate.

At McGuane & Hogan, P.C., our lawyers understand how these issues factor into a high-asset divorce. We have guided hundreds of executives and professionals, as well as spouses of executives and professionals, in the Denver metro area as well as throughout Colorado, through their divorces. Our goal is to preserve your fair share of the marital estate with a minimum amount of stress while achieving maximum benefit for you.

Our attorneys have experience dealing with:

  • Company stock
  • Stock options
  • Signing bonuses
  • Retention or productivity bonuses
  • Car allowances
  • Travel allowances
  • Vacation plans or allowances
  • Severance agreements
  • Employment contracts
  • Noncompete clauses for executives or owners of a professional practice

How Do These Issues Factor In My Divorce?

The perks mentioned above all have potential value. They may be treated as assets or incorporated into the income of the person receiving them. This can have a significant effect on how property is divided between the two of you, especially in a high net worth divorce.

Some of those extras may also affect the income figure used for calculating things like alimony or child support. It is important to work with a lawyer who can guard against having the same benefit treated both as an asset and as an element of income.

Many executives and professionals have agreements with their companies or partnerships for when they retire or leave the company. Even if this has not happened yet, and will not happen for a while, we must value these agreements on your current situation.

Every marriage is unique and needs to be treated as such during a divorce. We deal with each of these situations as they arise in your divorce proceedings. We may be able to use some of these issues in negotiations with your spouse and his or her attorney. We will review your financial situation, as well as that of your spouse, and advise you on how to proceed.

We Know How To Incorporate These Issues Into A Final Settlement Agreement

Call us to schedule a consultation at 303-416-5697 or contact us online. We have offices in Cherry Creek and Aspen and we serve clients all over Colorado.