Category: Property Issues

Couple Still Fighting Over House Ten Years After Divorce

People getting a divorce generally do not make good business partners.  One Oklahoma couple learned this the hard way.  After trying to maximize the return on their marital residence, they ended up back in court ten years later. The Original Plan When the couple divorced in 1995, they entered into a settlement agreement which placed [..]

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Dividing Stock Options In A Divorce – Part III

In Part I of this topic, I discussed how stock options are characterized as marital or separate property.  Part II of this topic addressed the valuation and distribution of stock options in divorce actions.  This last in the series, Part III, discusses the information needed to divide stock options in divorce. Each case involving stock [..]

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“For Better Or Worse” Includes Accepting the Baggage of Your Spouse’s Obligations to a Prior Family

Suppose you married someone who owes child support from a prior marriage. The support checks to the prior family go out each month, drawn on an account containing funds earned during your marriage.  Then the second relationship sours.  Can you recover an equitable share of marital funds used by your spouse to pay a pre-existing [..]

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Dividing Stock Options In A Divorce – Part II

In Part I of this topic, I discussed the characterization of stock options as marital or separate property.  After determining the marital and separate property component of each stock option, the next step is to value and divide the option. The following Part II of this topic addresses the valuation and distribution of stock options [..]

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Dividing Stock Options In A Divorce – Part 1

An employee stock option gives an employee the right to buy a specified number of shares of stock in the employer-corporation at a specified price (strike price) at a specified future time.  The goal is to give the employee an incentive for the stock price to go up, making the stock option more valuable.  Companies [..]

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