Divorcing after 50 presents unique challenges, especially for executives and business owners.  You’ve spent decades building your career, accumulating wealth, and planning for retirement.  A late-in-life divorce can significantly impact these hard-earned assets and future security.  At Family Law Solutions, P.C., we understand these specific concerns and provide the sophisticated guidance and unwavering support you need to protect your legacy.

Divorces after 50 often involve complex financial situations, particularly for executives and business owners. Key considerations include:

• Retirement Planning: Retirement is likely on the horizon or already here, making the division of retirement accounts (pensions, 401(k)s, IRAs) and projecting future income streams crucial. We help you understand the long-term implications of different division scenarios and strategize for a secure retirement.
• Executive Compensation: Executive compensation packages can be complex, involving stock options, restricted stock, deferred compensation, bonuses, and other benefits. We have experience valuing these assets and ensuring they are equitably divided.
• Business Valuation: For business owners, the valuation and division of the business itself is often the most significant and contentious issue. We work with experienced business valuation experts to accurately assess the value of your business, considering factors like goodwill, intellectual property, and market conditions.
• Fluctuating Income: Executives, professionals and business owners often experience fluctuating income. We understand how to present this income accurately for spousal support calculations and ensure fair determination for both parties.
• Inherited Wealth: Inherited assets can complicate property division especially if they are co-mingled with martial assets. We can help you navigate the legal complexities surrounding inherited wealth and protect your rightful inheritance.
• Real Estate Holdings: Real estate portfolios, whether personal residences or investment properties, require careful valuation and division. We work with appraisers to determine fair market value and develop strategies for equitable distribution.
• Non-Marital Assets: If assets were acquired prior to the marriage or by gift during the marriage the asset and the income generated by the asset may be separate property and need to be protected.
• Spousal Support: Spousal support calculations in long-term marriages often consider the established lifestyle of the parties. We advocate for a fair determination of spousal support, taking your specific circumstances into account. We also have experts available to help determine a true lifestyle analysis.

At Family Law Solutions, P.C., we provide comprehensive legal services tailored to the unique needs of executives and business owners over 50 including:

• Sophisticated Financial Analysis: We collaborate with a team of financial professionals, including Certified Divorce Financial Analysts (CDFAs), forensic accountants, appraisers, corporate attorneys, estate planning attorneys and tax specialists, to provide a clear and comprehensive picture of your financial situation.
• Strategic Negotiation and Advocacy: We are skilled negotiators, fierce advocates and strong litigators, working to protect your interests and achieve the best possible outcome, whether through mediation, arbitration, or litigation.
• Personalized Guidance and Support: We understand the emotional toll of divorce and provide compassionate support throughout the process, guiding you through each step with clarity and understanding. We have access to mental health professionals and divorce coaches to help as needed.

Divorcing after 50 can be daunting, but with the right legal counsel, you can protect your financial future and move forward with confidence. Contact Family Law Solutions, P.C. today for a confidential consultation at (312) 332-1344 or CLICK HERE.