When a Massachusetts couple begins the divorce process, they may wish to meet any issues head on. Planning and being prepared for what they may face during certain proceedings could help lessen the likelihood of arguments and stressful situations. Assessing assets that could be subjected to property division during divorce can be one step that individuals take to better understand who may be entitled to what after a divorce.
It is important to list assets and marital property that will likely be considered during divorce. However, it is equally important to ensure that all the assets are being properly disclosed. Stocks and stock options could potentially be easy assets to hide during divorce proceedings, and therefore, it is important that each party is aware whether any such property exists.
If stock options are held by a spouse, determining whether those options are considered marital property could be of importance. Laws on such property can vary from state to state, and it is important for concerned parties to be aware of how their state handles such assets. Once it is determined how stocks and stock options should be handled, determining the value of the property could be the next prudent step.
During complicated property division that involves assets such as stock options, parties may wish to look into Massachusetts state laws to determine how the situation should be handled. If the couple is not able to come to a conclusion on the value of the property, a third party may be able to assess the value. Individuals may wish to be prepared when entering into these sometimes difficult proceedings, and being knowledgeable on the subject could prove beneficial.
Source: Forbes, Dividing Stock Options And Restricted Stock In Divorce, Jeff Landers, March 19, 2014