There are a few categories of assets that are sometimes missed by couples getting a divorce. This article will discuss five important asset classes to remember in a California divorce so that the division of assets is fair, accurate and equitable. At the Law Office of David Knecht, at 707-451-4502, we have extensive experience in divorce in California and can help you with complex questions relating to valuation and division of assets in a California divorce.
Bitcoin, Ethereum, or other Cryptocurrency or alternative currency.
With the popularity of investing in cryptocurrency greatly increasing, this is one important asset class to divide in a divorce. Crypto assets can be missed because they can be traded through Venmo, or various platforms like Coinbase that the other spouse may not be aware of. The timing on when it is purchased is important, as well as the issue of whether there were any gains made during the marriage.
Stock options.
Stock options that are granted subject to employment can present a challenge when dividing assets in a divorce. This can occur because the options may not have vested yet or the employment upon which the options were based may have occurred before the marriage as well as during the marriage. Even though nonvested stock options may have no present market value, you may want to retain an interest in the shares and potential profits. This area of family law can be very complex, and possibly the best way to position yourself well relating to stock options is to obtain advice from an experienced divorce attorney who can analyze and comment on your specific situation.
Stimulus money.
If you received stimulus money during the course of your marriage, then this is an asset that can be split as part of the divorce settlement.
Pension plans.
Some employers, particularly the state or federal government, still offer pension plans, and if these were earned during the marriage, it’s an important source of income not to forget in a divorce settlement.
Military Benefits.
A service member’s military pension in an extremely valuable asset and can be divided just like any asset. It is important to include military pensions and other military benefits in a division of assets.
Conclusion
At the Law Office of David Knecht, at 707-451-4502, we have extensive experience in divorce in California and can help you with complex questions relating to valuation and division of assets in a California divorce.
