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Divorcing a millionaire is not something for the faint of heart. Because there are so many assets, you have the additional burden of understanding the many and often complicated financial holdings.
If you or your spouse is a high-powered executive, you most likely have executive compensation. Over 15 million employees have stock options and restricted stock plans, and this number is expected to balloon in the coming years.
According to Avani Ramnani, one of the top divorce financial planners in the country, “Corporations use employee stock plans to motivate, boost morale, spur productivity and retain their best talent. More frequently than ever before, COVID cash-strapped companies are awarding stock options and restricted stock to their key employees.” Corporate compensation committees turn to these incentive compensation plans to help bridge the gap and retain the best talent despite their shrinking profits, making them even more prevalent in divorce negotiations. Ramani continues, “The more you know about these assets, the better your position to negotiate an equitable divorce settlement.”