As you go through a complex divorce, ensuring that every potential area gets addressed correctly may be a top priority. When it comes to property division, many individuals find this process the most difficult and time consuming, especially when dealing with considerable wealth and uncommon assets. Stock-related property may prove particularly troublesome during division, and, therefore, you may wish to better understand how these assets could come into play.
What different types of stock could be involved in high-asset divorce?
Stock Options – Many companies often provide stock options for their employees. This offer allows workers to purchase company stock for a low price and then later sell the stock, if they wish, in order to turn a profit. In many cases, the stock’s value may increase a substantial amount, and the potential profit may be a point of interest during property division.
Restricted Stock – When it comes to restricted stock, companies offer shares to their employees without those employees having to purchase the stock. However, you cannot transfer or sell those stocks until meeting certain stipulations.
In many cases, these types of stock can allow you to obtain a considerable amount of money if those stocks are utilized to their full potential. As a result, you may be interested in maintaining ownership of your stocks or obtaining some of your ex-spouse’s stocks during the divorce process. Therefore, you may need to take certain steps toward obtaining that goal.
Prove existence of the stocks
Many individuals do not consider it unusual for parties to hide assets during divorce, especially during complex proceedings. Ergo, if you believe that your soon-to-be ex has stock options or restricted stock that could potentially play into asset division proceedings, you may wish to find the proper documentation for those stocks. Finding information on such assets may prove difficult as unsold stock typically does not show on general income or tax forms.
Determine stock worth
Once you have located the stocks, you may want to work on determining their worth. Because restricted stocks and stock options do not have a set worth until they are sold, this endeavor may turn troublesome. However, such action does not have to seem impossible. Finding the current value of company stock could work as an estimate and indicator of the stock’s potential value.
Stocks often prove complicated in many aspects, and when property division comes into the picture, you may face many hardships when trying to determine your potential share of those stocks. Luckily, with the assistance of experienced Marietta divorce attorneys, you could work toward your goals with more confidence. Knowledgeable legal counsel could help you take the necessary actions for uncovering information regarding potential stock and determining to what you could be entitled.