We have shared the statistic before—only about 30% of family businesses transition to the second generation. In the event of divorce, the succession rate is even smaller, and only 10% of spouses continue to operate the family business together after divorcing.
While most couples prefer to avoid having the difficult conversation about “what if” we were to ever divorce, the wisest approach for financial well-being and the continuation of your business is to plan a comprehensive strategy upfront.
Our guest on Thursday, June 10th is Tamar Oberman Faulhaber, Esq with Vernis & Bowling of Atlanta, LLC, who will provide a comprehensive view of this topic. You can plan on coming away from this interview with a good understanding of Georgia law and of what can happen to you and your business when you are not prepared for the break-up of a marriage. As important, you will come away armed with knowledge and with a sound strategy on how to avoid the pitfalls.
Tamar Oberman Faulhaber, Esq.
Tamar Oberman Faulhaber was born and raised in Oak Park, California. She graduated Magna Cum Laude with Honors in Philosophy from Lafayette College in Easton, Pennsylvania in 1990, where she was also a Marquis Scholar. She earned her Juris Doctorate from UCLA Law School in 1993, where she served as editor of UCLA Law Review and was a recipient of a Child Abuse Fellowship.
Tamar clerked for the Honorable Alford J. Dempsey, Jr., in the Fulton County Superior Court for approximately five years. She served on the Rules Committee to establish and maintain the Fulton County Family Division which served as an example as a successful model of a Family Court to other counties in the State. Tamar also served on the Forms Committee of the Fulton County Family Law Information Center to assist citizens of the State to represent themselves in domestic matters.
Tamar volunteered with the Family Law Center for the San Fernando Valley in California and with Victim/Witness division of the DeKalb County Solicitor’s Office in Georgia, assisting victims of domestic violence in family law related matters.
Tamar is a trained Guardian ad Litem and Domestic Mediator, and over the past fifteen years, she handled all types of Family Law matters from Paternity and Legitimation actions, Juvenile Court matters, Domestic Violence cases, Divorces, Custody cases, Child Support matters, International Custody disputes, Contempts, Appeals, and Jury Trials.
In addition to the practice of Domestic Relations Litigation, Tamar also taught Domestic Relations Law as an adjunct professor at John Marshall Law School in Atlanta.
Tamar is admitted to practice law in California, Arizona, and Georgia.
Tamar Oberman Faulhaber, Esq., Vernis & Bowling of Atlanta, LLC, 7100 Peachtree Dunwoody Road, Suite 300, Atlanta, Georgia 30328, Phone: (404) 846-2001, Fax: (404) 846-2002, Email: TFaulhaber@Georgia-Law.com, Website: www.Georgia-Law.com