Roberts, P.C.

Call Us630-668-4211

104 E. Roosevelt Road, Suite 202, Wheaton, IL 60187

Wheaton Business Executive Divorce Lawyer

Oak Brook corporate officer divorce lawyer

Attorney Assisting Officers and Directors of Publicly Traded Companies With Divorce in DuPage County

The end of a marriage can be a complex, stressful situation, no matter a couple's circumstances. However, divorce can result in additional complications when a spouse is an executive, officer, or director of a large corporation or publicly traded company, and their finances and their career may be affected in unexpected ways.

At Roberts, P.C., we have represented many corporate executives, sports figures, and business owners during divorce, and we provide our clients with the experience they need to resolve their legal issues as efficiently as possible. As a former business litigator, Attorney Chuck Roberts brings a unique understanding of business law to divorce cases, and he can address your concerns while working toward a positive resolution.

Dealing With Public Scrutiny During Divorce

The breakdown of a marriage is a personal matter, and many people do their best to maintain their privacy during divorce, avoiding discussion of changes they are experiencing in their lives or the reasons for the end of their relationship with their spouse. However, executives or officers of publicly traded companies may be asked to answer questions about their divorce from their board of directors, and this can cause a great deal of stress as they worry about their private lives being dragged into the public sphere.

A board of directors will want to ensure stability in the leadership of the company, and they will want to make sure that the financial issues in a person's divorce will not negatively affect the company's operations or have an impact on the bottom line. At Roberts, P.C., we can work with you to prepare you for interviews with your board of directors, helping you understand what type of information they are looking for, working to protect your rights in the disclosure of financial information, and ensuring that your career is not negatively affected by your divorce.

Resolving Issues With Executive Compensation

In addition to the division of assets and debts during divorce, company executives may also face a variety of issues related to the compensation they earn. These issues may include:

  • Stock options provided to employees during their marriage are marital property that must be equitably divided between divorcing spouses. However, determining the value of stock options that have not yet vested may require the assistance of a financial advisor.
  • Some executives or corporate officers have the option to defer compensation, such as bonuses or salaries, until a future date, and employers may also match these deferrals. When determining income for the purposes of calculating spousal maintenance or child support, a person's income before any deferrals are made should be considered.
  • Retirement plans, 401(k) or IRA accounts, or pensions are considered marital property. When distributing retirement account funds or pension benefits between spouses, a Qualified Domestic Relations Order (QDRO) should be used to avoid paying taxes or penalties for early withdrawal.

Contact a Glen Ellyn Divorce Attorney

During divorce, corporate officers, directors, and executives are likely to encounter a number of unexpected legal issues. Having a skilled, experienced attorney on your side is essential for understanding and addressing these issues while minimizing the impact on your finances and your career. To schedule a free consultation, contact our Naperville divorce lawyer at 630-668-4211. We provide legal help to divorcing spouses in Wheaton, Oak Brook, Hinsdale, Burr Ridge, Glen Ellyn, Glendale Heights, Carol Stream, and throughout DuPage County and Kane County.

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