Divorce is never easy, nor is it painless in most scenarios. If you are going through a high-asset divorce, understanding your stock options and the best routes to take to streamline the divorce process is imperative.
What is a high-asset divorce?
A high-asset divorce typically involves plenty of financial accounts along with multiple properties and other assets that are likely to be divided or mentioned throughout the divorce proceedings. When you have a lot of assets without a prenuptial agreement, knowing how to deal with stock options, investments and other properties can help to ease your stress throughout each step of the way.
Stock options during a high-asset divorce
If you or your spouse created a business during your marriage, you may be entitled to additional stock options when involved in a high-asset divorce. You should consider various stock options to help minimize tax risks depending on vesting periods as well as overall risk. Keep in mind that certain vesting periods may work out to your benefit or to your disadvantage depending on the stock options you take for your own businesses during your divorce. Discussing these stock options and solutions with your soon-to-be ex-spouse is highly advisable if you are civil with one another.
Why forensic financial accounting is necessary at times
During a high-profile divorce, forensic accounting may be necessary for clear and concise financial auditing. Couples with massive financial gains, businesses and multiple properties may require additional forensic accounting services to assist throughout the process of accounting for and divvying up assets that have been obtained throughout the course of the marriage itself.
Dealing with a high-asset divorce is rarely simple, but working with an attorney may help you achieve a favorable outcome. An experienced legal professional may assist with valuating all the assets at stake and negotiating a generous share of marital property for you.