
Dividing Stock Options, Investments, and Retirement Plans in Divorce
Dividing property during
divorce
is rarely simple, and when it involves stocks, retirement accounts, or other investments, the process can quickly become even more
complex. At Hoover Kacyon, we understand how stressful it can be to untangle financial assets during an emotionally challenging time. Our goal is to guide clients through these challenges with clarity, precision, and compassion.
Marital vs. Separate Property in Ohio
Ohio follows equitable distribution laws, which means marital assets are divided fairly, though not always equally. Stocks, mutual funds, and other investments acquired during the marriage are typically considered marital property, regardless of which spouse’s name is on the account. However, assets owned before the marriage or acquired via inheritance or gift are generally treated as separate property and may not be subject to division.
Correctly identifying what qualifies as marital versus separate is the first step to a fair outcome.
Valuing and Dividing Investment Accounts
Once marital assets are identified, the next step is determining their value. This process can be especially tricky for fluctuating assets like stocks or stock options. In many cases, financial professionals are brought in to assess the value of these accounts at the time of divorce.
From there, investments may be split directly or offset with other assets, such as cash, retirement funds, or real estate. If it’s impractical to divide certain accounts, one spouse may retain the investment while the other receives a comparable asset.
Handling Retirement Accounts and Stock Options
Retirement accounts such as 401(k)s, IRAs, and pensions are often among the most significant marital assets. In Ohio, these are commonly divided using a Qualified Domestic Relations Order (QDRO), which allows for tax-free transfer of funds to the non-owning spouse.
Stock options can be even more complex due to vesting schedules and potential future value. In such cases, timing, valuation methods, and division strategies require experienced legal and financial insight.
Why Legal Guidance Matters
If you’re divorcing in Ohio and dealing with significant investments, having skilled legal representation is critical. At Hoover Kacyon, we’re here to protect your financial future and ensure a fair division of all assets, no matter how complex. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at
330-922-4491 or
contact us online to schedule an appointment.
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