The division of assets during a divorce settlement will often include the division of stock options between the divorcing spouses. Illinois law indicates that stock options awarded to an employed spouse during the course of a marriage will be treated as a marital asset, subject to equitable distribution between the two spouses as the courts see fit.
Though stock options may be considered marital property, with the expertise of a divorce attorney there is room for negotiation. Under Illinois statute, a judge will make considerations based on many factors. Such factors include the employer's conditions surrounding the grant of stock options, the value of the stock shares, and whether the stock is vested. Given the complicated nature of stock options as part of asset division, an experienced divorce attorney will be able to negotiate the terms regarding asset division, ensuring your maximum entitlement to such assets.
We at The Law Office of Bradley R. Tengler, Inc. provide the representation you need to protect your right to your stock options in the event of a divorce. Our attorney focuses on helping you understand all components of your marital assets while fighting to protect such assets during and after your divorce.
Contact The Law Office of Bradley R. Tengler, Inc.
There is no charge for an initial consultation with attorney Brad Tengler. Contact our Rockford lawyer today for stock option-related matters at 815-981-4859 to schedule an appointment. Located in Rockford, we handle cases throughout the nearby Illinois areas