Divorce can be exceptionally tough when you, your spouse, or both of you occupy a leadership position in the community. Divorce for lawyers and executives in Toronto implicates significant issues regarding privacy and property division.
The lawyers at The Riley Divorce & Family Law Firm have the experience and knowledge to help you meet your goals in your divorce. We could advocate effectively for your desired outcome while maintaining your privacy to protect you and your family.
Divorces for high-net-worth couples are always complicated because of the difficulty in locating and valuing assets. Unless you and your spouse share responsibility for managing your finances, one of you is probably more familiar with your holdings than the other. Assuring a fair property division will require verifying the identity and location of your marital assets as well as establishing their value.
Executives and legal professionals may have complicated compensation packages, and calculating a spouse’s share of non-traditional compensation can be challenging. Executive remuneration might include stock options, bonuses, and various forms of deferred compensation. Lawyers may have equity interests in their firms and derive additional income from origination fees when they introduce a client to the firm.
Our divorce lawyers have a sophisticated grasp of the common compensation arrangements for high-level executives and legal professionals in Toronto and the GTA. We also have a network of financial professionals who could verify financial statements, find hidden assets, and opine on the tax implications of various property division arrangements.
Executives and lawyers often have the opportunity to achieve professional success because their spouses supported them while they obtained their education. A spouse’s social support can be invaluable throughout a demanding career, especially during the early stages when you are trying to establish yourself.
The spouse providing financial or social support might forgo their own educational or career opportunities and expect their sacrifice to be recognized if the couple divorces. The courts typically handle these situations by requiring the spouse who benefited to pay ongoing spousal support.
The Ontario Children’s Law Reform Act governs decisions relating to parenting time and decision-making responsibility. It holds that the court shall consider only the child’s best interests when making these decisions.
Our Toronto divorce lawyers understand that lawyers and executives often have demanding schedules and may need to make adjustments to ensure adequate parenting time. We could help you and your spouse develop a workable parenting plan that promotes your children’s best interests and affords you sufficient opportunity to maintain your relationship with your children while allowing you to meet your professional obligations.
Executives and lawyers may hold prominent positions in the community, serving on boards and contributing to service organizations in visible positions. Damage to your public reputation could endanger your status.
Similarly, the reputation of Toronto lawyers and high-level executives reflects on their employer or firm, meaning a messy divorce could threaten you or your spouse’s professional success.
Our team of lawyers at The Riley Divorce & Family Law Firm is prepared to work to protect your reputation and public standing by keeping your divorce out of court whenever possible. We are keen negotiators who could strive to create a workable separation agreement so that your divorce settlement remains private.
The Riley Divorce & Family Law Firm dedicates its practice to providing discrete and zealous advocacy for high-net-worth people. We have experience managing divorce for lawyers and executives in Toronto and could help you achieve your goals.
We maintain 24-hour availability to better serve you. Reach out today if you are considering a divorce.
Now you can have your Consultation with Paul Riley any time from the comfort of your own home. With video calls from Zoom, your Team at The Riley Divorce & Family Law Firm can meet with you virtually, and learn about your case. All you need is a smartphone, tablet, laptop, or desktop with a built-in camera and microphone.
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