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.
