As a CEO, you have achieved a leading role in your professional life. However, you may need to make changes in your personal life. If you are going through a divorce, you must be protected so you do not lose everything you have worked so hard to earn.
On the other hand, the spouse of a CEO may be at a disadvantage and need to protect what is rightfully theirs through marriage. In any case, divorce for CEOs in Frisco can be complex, but an experienced high-asset divorce attorney could handle even the most complicated issues involving assets, property division, retirement accounts, and more.
Even when a CEO strives to keep their personal and professional lives separate, a divorce could result in negative publicity that hurts their company. A lawyer who handles divorces for CEOs and other executives in Frisco understands the importance of keeping a low profile and handling sensitive matters as quietly as possible.
Dissolving your marriage can also affect more than just your privacy. If you own stock in your company, a divorce could lead to complex financial issues that require expert legal advice. A lawyer from Towson Law Firm, PLLC could help determine what is considered community property versus personal property and outline any potential tax implications.
In addition to the complexities of asset division, the emotional turmoil of a divorce has the potential to interfere with your productivity. While legal counsel cannot eliminate the stress of separating from a spouse, an experienced attorney could make the process smoother and more efficient.
Texas is a community property state, meaning divorcing couples must divide their property equally. To split community property fairly, the court will consider specific circumstances surrounding your marriage and divorce. For instance, you may be able to keep a vacation home while your former spouse gets awarded more of a different type of asset in exchange. A Frisco lawyer could further explain how assets are divided during a divorce involving a CEO.
If possible, settling out of court could help you and your spouse stay out of the public eye. Although you must remain transparent with each other about your financial statuses, settling out of court could keep such information private from others.
Similarly, mediation allows a couple to divide assets agreeably while keeping the details of their divorce private. A CEO divorce lawyer from Frisco could represent you during mediation to ensure settlement offers are fair and in your best interests.
At Towson Law Firm, PLLC, we take your need for privacy seriously. If your job puts you in the public eye, handling your divorce privately is essential to your peace of mind and the well-being of your company.
A knowledgeable lawyer could help you navigate the complexities of divorce for CEOs in Frisco efficiently, avoiding disputes whenever possible. Contact us today to schedule a confidential consultation and begin the divorce process the right way.
Our Law Firm’s approach to your case is based on individual circumstances. Whether it is a simple negotiated settlement, or it requires an aggressive approach, we will protect and defend your best interests.
