Berkman Bottger Newman & Schein LLP offers skilled guidance to professional athletes and their families in New York and New Jersey. They provide discreet, smart, and informed representation to professionals in the sports industry. When representing athletes in family law matters the attorneys at Berkman Bottger Newman & Schein LLP often work with other professionals such as sports agents, financial advisors, private wealth attorneys, and business attorneys.
Partner Evan D. Schein focuses his practice extensively on representing athletes in family law matters. His previous work as a sports agent provides a unique and valuable blend of experience in the sports industry and family law which allows him to handle prenuptial agreements, postnuptial agreements, and complex divorces for athletes.
Prenuptial and postnuptial agreements for athletes
It is important for athletes to understand the importance of smart financial protection. The income and salary of an athlete can be substantial, but also fluctuate greatly from contract to contract. If an athlete is considering getting married, an athlete should work with a family law attorney to protect both contract and endorsement income and assets by way of a prenuptial agreement.
A seasoned family law attorney who understands the structure and complexity of sports contracts and the sports industry can help create and negotiate a prenuptial agreement to provide maximize protection for an athlete in the event of a divorce.
Discreet divorce representation for athletes
Athletes have a high-pressure, demanding and public career. Dealing with the emotions and stress involved in a divorce can affect an athlete’s personal and professional life. The experienced attorneys at Berkman Bottger Newman & Schein LLP know how to protect an athlete’s financial interests and privacy, even in the most complicated situations.
Protecting an athlete’s image and branding
One of the more unique aspects of working with an athlete and professionals in the sports industry is strategizing how best to protect an athlete’s image. This requires specialized attention in all matters, including legal issues.
Child custody agreements
Working with professional athletes require special considerations when determining child custody arrangements, as their work schedules and travel time may come into play during negotiations.
Determining child support
Calculating the income of a professional athlete can be a challenge, as there can be periods of high income followed by injuries, or early retirement or contracts that may include non-guaranteed or deferred income. Annual earnings may also vary greatly. Many athletes also bring in additional income through endorsements, marketing, and business investments. The attorneys at Berkman Bottger Newman & Schein understand the complexities of an athlete’s finances.
Property and asset division in New York
With a large salary typically comes large amounts of property and assets. For professional athletes, in the event of a divorce, asset and property division can be extensive and contentious in the absence of a prenuptial agreement.
Our experienced family law attorneys understand the complexities of an athlete’s contract both from playing and from marketing and endorsements as well an athlete’s diverse financial portfolio which may include businesses, investments and real estate.
Spousal maintenance and alimony
For the purposes of calculating support, the attorneys at Berkman Bottger Newman & Schein know how to handle the complexities involving a professional athlete’s compensation structure and the unique financial circumstances that come along with the variable income of a professional athlete.
How our attorneys can help
Whether it is a prenuptial or postnuptial agreement, divorce or other family law matter, the attorneys at Berkman Bottger Newman & Schein, LLP understand the sports industry and combine this knowledge with their expertise in family law. When an athlete comes into a significant amount of wealth in a relatively short period and at a young age and a need arises for a prenuptial agreement before marriage, a postnuptial agreement during marriage, or to protect the accumulated wealth and assets in the event of a divorce, working with a family law attorney can help athlete’s avoid common pitfalls and protect their financial interests.
Frequently Asked Questions
Why do pro athletes need a New York family attorney?
When making the leap from high school or college to the pros, an athlete must be prepared for the life changes that come along with it. Significant income combined with frequent travel requires knowledgeable l professionals in your corner. A family law attorney is one of those professionals especially prior to marriage, during the marriage, or in the event of a divorce. One of the most important assets an athlete has is the brand that the athlete creates with success over time. This means that turmoil in your personal life can affect your professional life. An experienced family law attorney can help ensure your family law matters are handled out of the spotlight and with a focus on protecting and maximizing an athlete’s assets and accumulated wealth.
My client is a professional athlete. Should they sign a prenup?
Absolutely. Prenuptial agreements are the strongest way to protect oneself and one’s assets in the event of a divorce. Because athletes tend to have careers and high earnings and accumulated wealth in their 20’s and also end early, they can be dealing with a great deal of money at a young age. Having a prenuptial agreement before getting married is an absolute necessity.. In addition to ensuring an athlete holds on to their separate assets in the event of a divorce, a prenup can also financially protect income, assets, business ventures, and endorsement and marketing income earned by an athlete outside of the athlete’s playing contract.
What are the challenges of divorce for an athlete and sports personality?
Athletes have complex and various streams of income, with upfront guaranteed money and other bonuses and money deferred, incentive-based, or non-guaranteed. They also have a public face, or brand, that must be maintained. All of this means a marital split should be handled with professionalism, privacy, discretion, and financial acumen. Our attorneys work with sports agents, financial advisors, other attorneys, and financial experts to ensure assets are protected during a divorce and property division, advocate for you during matters of child custody and support, and help to keep your divorce out of the public eye.
What kind of cases does your NYC family law sports practice handle?
Our family law attorneys provide a host of services to professional athletes and their representatives, including the following:
CREATIVE SOLUTIONS TO DIFFICULT & COMPLEX PROBLEMS
All families and marriages are unique - our attorneys take the time to listen to our clients to fully understand the circumstances of their case. Only then do we advise the best legal option for their goals.
PROMPT RESPONSES TO INDIVIDUAL NEEDS AND INQUIRES
Divorce is a time of transition. We understand the emotional and financial stress that clients experience during the divorce process – from day one our team ensures that we provide our clients with prompt feedback so that they are updated on their case every step of the way.
CHOICES AND OPTIONS TAILORED TO EACH CASE
We are one of the only Manhattan divorce law firms offering all three options for divorce: litigation/negotiation, collaborative law, and mediation - providing custom strategies and solutions for our clients.
INDUSTRY THOUGHT LEADERS DEDICATED TO YOUR SUCCESS
Our attorneys provide frequent expert legal commentary for national media outlets and have been quoted in numerous publications including Fox's Business, NBC News, ABC News, CBS News and many more.
At Berkman Bottger Newman & Schein LLP, we combine our family law expertise with our extensive sports law experience to offer unmatched guidance to professional athletes and their team of advisors. Berkman Bottger Newman & Schein LLP has offices in NYC, Westchester, and New Jersey. The firm works with clients across New York State, including Westchester, Nassau, and Suffolk Counties. Contact our family law firm in Manhattan, NY at (212) 466-6015, or use our online form, today.