Inverness Stock Options in Divorce Attorneys
When parties are contemplating divorce, they can frequently agree to sell a car or home and divide up the receipts. When there are assets that cannot be sold or assets that do not have any real value, parties sometimes agree to give up their rights to those assets in exchange for other assets. This type of exchange often occurs with private company stock options that are granted to one party. Since the exact value of these options cannot be determine, one party may agree to a type of exchange.
To learn more information about protecting your assets, including stock options, in your pending divorce in Cook County, DuPage County or Lake County, Illinois, call the Law Offices of Donald J. Cosley in Rolling Meadows. Divorce attorney Donald Cosley has been helping clients find solutions to complex marital property settlement issues for more than 20 years.
Experienced Martial Property Division in Illinois
During the discussion about the division of assets pursuant to a divorce, including stock options, if the parties cannot agree to a solution involving the stock options, the resulting decision from the court can be complex.
Typically, courts will use a formula - also known as a time rule - to determine the division of stock options. Before deciding which formula to use, the court will want to determine why the options were granted to the employee in the first place. The courts have wide discretion in deciding which formula, if any, to use and how to equitably divide the pie.
Contact Our Rolling Meadows Stock Options Attorneys
From offices in Rolling Meadows, the Law Offices of Donald J. Cosley represents clients in Palatine and Arlington Heights, and communities throughout the greater metropolitan Chicago area. Contact us to schedule a free consultation with an experienced Rolling Meadows division of marital assets attorney today.