Business executives also face similar issues. As your attorneys, we will need to review your employment agreements, compensation, and benefits. Items such as vesting rights, clawback provisions, stock sale restrictions, tax implications, and nonqualified retirement plans need to be evaluated as part of the divorce agreement. It is important to define a permissible retirement age, particularly when there are expected mandatory retirement dates. The tax implications associated with dividing the assets are also critical whether it be tax loss carryforwards, unrealized capital gains, and the distribution of retirement accounts such as 401(k)s and IRAs must be considered thoughtfully.
Lane & Lane has considerable expertise in these areas with Steven R. Lane holding an MBA in addition to his law degree and Eric J. Lane having a Masters in Taxation in addition to his law degree.