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Executives Divorce

Executives & Divorce

Executives & Divorce Attorneys in Harrisburg

How Executive Employment Benefits Are Divided

Dividing assets in a divorce can be a complicated process. This is often the case when stock options and other executive benefits are at issue. A working spouse’s employment benefits are subject to division in divorce, though it can be complicated to identify all of the benefits and determine how they are to be divided. The sophisticated and astute lawyers at Cognetti Law Group have more than 100 years of combined experience that they leverage when handling complex high-asset divorce cases.

Distribution of Stock Options

Stock options fall into a category of property and assets considered “intangible,” as there is not anything physical to be divided. In fact, stock options are difficult to divide because they are simply “options” given to an employee to purchase the company stock at a discounted price in the future. While it may not seem like a lot at the time, it is extremely important that these options be fully examined during the property division process, as they can be very lucrative in the future.

It is possible to not know if a spouse even has stock options. It is vital that a full discovery motion be filed to ensure all proper documents and paperwork are obtained, so the stock options can be divided accordingly.

Other Executive Benefits

There may be a number of other benefits that the executive spouse has been granted, such as Supplemental Executive Retirement Plans (SERPs), nonqualified deferred compensation plans, split-dollar life insurance, and more. It is essential that all employment documentation be obtained to ensure that all of the proper benefits are being valued and divided.

Have an attorney on your side whose insight into and understanding of complex divorce issues, such as dividing stock options and other high-value property, is unrivaled. Call our office at 717-909-4060 or contact us online to schedule a consultation.

How Executive Employment Benefits Are Divided

Dividing assets in a divorce can be a complicated process. This is often the case when stock options and other executive benefits are at issue. A working spouse’s employment benefits are subject to division in divorce, though it can be complicated to identify all of the benefits and determine how they are to be divided. The sophisticated and astute lawyers at Cognetti Law Group have more than 100 years of combined experience that they leverage when handling complex high-asset divorce cases.

Distribution of Stock Options

Stock options fall into a category of property and assets considered “intangible,” as there is not anything physical to be divided. In fact, stock options are difficult to divide because they are simply “options” given to an employee to purchase the company stock at a discounted price in the future. While it may not seem like a lot at the time, it is extremely important that these options be fully examined during the property division process, as they can be very lucrative in the future.

It is possible to not know if a spouse even has stock options. It is vital that a full discovery motion be filed to ensure all proper documents and paperwork are obtained, so the stock options can be divided accordingly.

Other Executive Benefits

There may be a number of other benefits that the executive spouse has been granted, such as Supplemental Executive Retirement Plans (SERPs), nonqualified deferred compensation plans, split-dollar life insurance, and more. It is essential that all employment documentation be obtained to ensure that all of the proper benefits are being valued and divided.

Have an attorney on your side whose insight into and understanding of complex divorce issues, such as dividing stock options and other high-value property, is unrivaled. Call our office at 717-909-4060 or contact us online to schedule a consultation.

The Harrisburg family law attorneys of Cognetti Law Group serve clients in Harrisburg, Dauphin County, and throughout Pennsylvania. We are committed to providing clients experienced and individualized family law representation.

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For over 40 years, Cognetti Law Group has provided experienced and sophisticated family law representation throughout Pennsylvania.

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    "I am truly thankful I had you and your team of professionals on my side."

    I wanted to thank you for representing me and handling my divorce, and child custody arrangement a few years ago.

    - R.H.
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    "Highly recommended and top-notch!"

    Maria P. Cognetti goes steps beyond, extremely professional, and KNOWS HER stuff in family law.

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    "I would recommend her firm to anyone needing a great lawyer in the family area."

    I was in need of an educated, experienced divorce lawyer and was referred to Maria and her staff. They are very educated and have experience in divorces, family issues, and support.

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    "Maria and her associates are beyond exceptional!!"

    Between her tenacity and intellect, she took me from paying out $110,000 to $50,000 and ending with saving me $65,000 in my divorce settlement.

    - D.C.
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    "She is responsive, decisive, and most importantly, honest about the legal process and expectations."

    Her support staff is also phenomenal, from her receptionist to her highly skilled (and very kind) paralegal. I never thought I’d need a family law attorney, but I am so glad I have her.

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    There is no way I would have made it through this life-changing ordeal without Cognetti & Associates! I’ve had several folks ask me who represented me and I’ve gladly shared.

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    "Maria Cognetti is a hardworking lawyer!"

    She will always have your back! Her staff is excellent and highly accommodating. Strongly recommended!!

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    "Thank you, Maria!"

    Best decision I made!

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    "My expectations were not only met but exceeded."

    Two years (sic) I needed a divorce attorney and Cognetti and Associates came highly recommended. They got me exactly what I needed.

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    "I am very grateful for her and her staff."

    Maria was tough! I now understand why. Allowing her to do what she felt was best for me, gave me a settlement in favor of me rather than paying out.

    - D.C.
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    "I am truly thankful I had you and your team of professionals on my side."

    I wanted to thank you for representing me and handling my divorce, and child custody arrangement a few years ago.

    - R.H.
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    "You helped me salvage my self-respect."

    Going through divorce is a terrible experience, no matter what! However, your ways and means of guiding me through the process was very helpful.

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    "If I need an attorney again for any reason, I will be happy to give you a call."

    Thank you very much for everything that you and your staff did for me.

    - L.M.

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