Texas Divorce and Non-Cash Compensation
Typically, nothing about a divorce is straightforward. If, however, your spouse is highly compensated in his or her job, it makes the division of marital property that much more difficult and that much more critical. For most divorcing couples, the just and right division of marital property is second only to securing child custody arrangements. If you are facing a divorce that involves complicated financials, it is in your best interest to work closely with an experienced Central Texas divorce attorney.
Employees who are near the top of a company’s organizational chart are usually not only well paid but are also entitled to compensatory awards that stretch out over many years. Such compensation may have no cash value until a transaction takes place. It is, therefore, that much more difficult to calculate the value of said assets and to ensure that they are included in the division of marital property. Most Texas courts have standing orders that prohibit a party to divorce from moving forward with such a transaction if it is in an effort to hide value (or keep value) from the other spouse. Compensation packages for highly compensated employees are often complicated, at best. Work closely with your skilled Central Texas divorce attorney to help ensure that your division of marital property is, as the State of Texas intends, truly just and right.
Non-cash compensation at the upper stratosphere of employment can be as nuanced as it is complicated. Such tools of compensation can include incentive stock options, employee stock options, employee stock purchase plans, and restricted stock options – to name a few. The exercise patterns of stock options tend to vary significantly. Most, however, are exercised at least annually, and some are exercised as often as quarterly. Each of these options comes with its own set of subtle differences, but understanding exactly what your spouse has in his or her financial portfolio will likely be critical to your just compensation.
Your spouse’s non-cash compensation is predicated on a vesting schedule. If he or she is not completely forthcoming, the only way to get to the bottom of the complicated issue is likely to include a motion for hearing that addresses all such compensation. Because obtaining a just division of marital property in your divorce is likely to be critical to you and your children’s financial futures, the matter is far too important to leave to chance. You need an experienced Central Texas divorce lawyer.