When facing the end of a marriage, there may be many individuals who face an understandable desire to know what to expect and how to prepare for the process. Property division is an aspect of divorce that can be an area of focus for many, and individuals in Pennsylvania who possess considerable wealth and possess complex assets may have questions about the next steps to take to protect their interests. Restricted stocks are a type of complex asset that could play a significant role in the outcome of a divorce and knowing how best to address such topics may be essential to preparing for what comes next.
Steps to take
When it comes to assets such as restricted stock units, experts indicate that taking steps to determine whether these items are marital or separate property may prove imperative. While stocks obtained during a marriage will likely be subject to property division, stocks acquired before a marriage may retain their separate identity, provided they are not mingled with marital wealth. Another vital topic to address could pertain to knowing how to properly value restricted stocks and studies indicate that this can prove complex in nature.
If restricted stock units will play a role in the process of property division, seeking advice in evaluating one’s options may prove essential to preparing for negotiations. For instance, one may have the option to buy out the other party’s interest in stocks or relinquish ownership of other assets in exchange. Seeking insight on the possible tax repercussions involved with dividing restricted stocks may also be integral to understanding what is at stake.
Addressing the options
Individuals in Pennsylvania who are facing a divorce and have questions about the role assets such as restricted stocks might play in the process could benefit from retaining the services of an attorney for advice. An attorney can help a client better understand what is at stake and provide insight into preparing a thorough strategy for subsequent legal proceedings. Such guidance may help a person prepare to make decisions based on what is most important to his or her future and prepare to enter the next chapter of life with peace of mind.