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Posts tagged ‘family lawyer’

The Bezos fortune gets divided in a private divorce agreement and Amazon doesn’t miss a beat

The Bezos fortune gets divided in a private divorce agreement and Amazon doesn’t miss a beat

MacKenzie Bezos announced earlier today in a tweet that she and, now ex-husband, Jeff Bezos, have settled their financial affairs in a private divorce agreement. Though full details of the Agreement are not publicly available, MacKenzie declared she was “happy” to sign over 75% of the couple’s jointly owned stock in Amazon as well as voting control of her shares and her interests in The Washington Post and the Blue Origin aerospace company.

Following the news of the Bezos family settlement, Amazon’s stock price reportedly dropped by a mere 0.4%. The Bezos’ settlement out of court played a significant role in stabilizing the effect their separation would have on Amazon’s viability, and stock price. Consider the contrary, for a moment—had the Bezos’ litigated their family law dispute, personal financial details would have been made public record, and the very fate of Amazon may have been at the discretion of a family court judge—which could have resulted in an outcome felt around the world.

The success of the Bezos family settlement illustrates key benefits of resolving legal issues out of court: privacy, creativity and a controlled impact on the family business. These same benefits can be realized by family business owners who choose the collaborative process. Collaborative clients are empowered to privately resolve legal issues using creative solutions like share transfers, family trusts and delayed equalization, to name a few, to ensure an orderly transition, preserving the family business, and family legacy for generations.

We have published several other posts on the very topic of how the collaborative process can help family run businesses survive and thrive after divorce. To learn more, click here.

At Russell Alexander, Family Lawyers our focus is exclusively family law, offering pre-separation legal advice and assisting clients with family related issues including: custody and access, separation agreements, child and spousal support, division of family property, paternity disputes, and enforcement of court orders. For more information, visit us at RussellAlexander.com.

Friday’s Profile: Lawyer Abi Adeusi

Abi Adeusi is an associate lawyer at our firm practicing exclusively family law. Abi obtained her law degree from the University of Wolverhampton England in 1993. After taking time to start and raise her family she returned to the law profession in 2002 and articled in London with a very busy and dynamic law firm. After enjoying a very successful practice as a Solicitor, Abi moved to Canada in the summer of 2008 with her family.

Abi, was called to the Bar by the Law Society of Upper Canada in June 2010 and started her practice in Southern Ontario with a focus family law. Abi is also licensed to practice Law in England and Wales. Abi’s memberships include Law Society of Upper Canada, the Law Society of England and Wales, the Ontario Bar Association, the Canadian Bar Association, the Durham Law Association, the Peterborough Law Association, and Northumberland County Law Association.

Wednesday’s Video Clip: Wendy A Lloyd

Wendy A Lloyd

In this short video Wendy Lloyd discusses the services offered at Russell Alexander, Family Lawyers.

At Russell Alexander, Family Lawyers our focus is exclusively family law, offering pre-separation legal advice and assisting clients with family related issues including: custody and access, separation agreements, child and spousal support, division of family property, paternity disputes, and enforcement of court orders.

For more information, visit us at  www.RussellAlexander.com

Or become a Fan and join our discussion on Facebook at http://www.facebook.com/RussellAlexanderFamilyLawyers