Chicago High Net Worth Divorce for Athletes Lawyer
For most Americans, the divorce rate is roughly 50%. For professional athletes, though, that number can be as high as 80%. Being on the court or field is the easy part. Staying married is the hardest part.
That’s because athletes face a lot of temptations. They make so much money. They travel constantly. They’re away from their families. Most athletes are men who have female fans throwing themselves at them. Infidelity is common. How can they say no?
Many athletes try their hardest to avoid the pressures and stay married. Others easily give up, deciding they enjoy the single life. In any case, if you are ending your marriage, you need the right legal help on your side. A Chicago high net worth divorce for athletes lawyer from Birnbaum Gelfman Sharma & Arnoux, LLC can guide you through the process.
Even though you may be on the road a lot as a traveling athlete, you still have the opportunity to have custody of your child. It’s in the best interest of the child to have a relationship with both parents. If you have a bond with your child, fight for custody, even if you’re a man. Many courts are more than willing to award joint custody.
There is likely a huge disparity in income between you and your spouse. Because of this, you may be ordered to pay a high amount of child support. However, you have the right to pay a reasonable amount of money. You should not be burdened by a monthly payment that is way too high based on your child’s needs. And that’s what the money should be going toward—your child. The other parent should not be using the money for their own needs, so choose a lawyer who will focus on your rights and your child’s needs.
Division of Assets
Dividing up marital property can be challenging, since many pro athletes make money based on contracts. You may have a contract from your professional organization. Maybe you have product endorsement deals as well. Many of these contracts stipulate future income, so it may not need to be addressed in the divorce, as things can happen. For example, if you get injured and can no longer play, what happens to your income?
Many athletes have investments, such as stocks, bonds, and real estate. Some own mansions or businesses. You may also have high value items such as sports cars, yachts, and motorcycles. These will all need to be divided in a divorce, but the division needs to be equitable.
Contact Birnbaum Gelfman Sharma & Arnoux, LLC Today
Athletes often sign multi-million-dollar deals and amass many assets. Protect your high net worth with the right legal representation.
Count on the team at Birnbaum Gelfman Sharma & Arnoux, LLC to get a decent outcome. We’ll give you a fighting chance. Fill out the online form or call (312) 863-2800 to schedule a consultation with a Chicago high net worth divorce for athletes lawyer.