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Bring that proverbial shovel: digging up divorce-tied marital assets

On Behalf of | Aug 23, 2021 | High-Asset Divorce |

Do you know what a “restricted stock unit” is?

If so, kudos. That knowledge might just pay off for you in a literal sense if you are headed for a Michigan divorce.

And if you don’t know what it is and lack the inclination to learn or know whether it might be a factor in an upcoming marital split, your impending ex might be breathing a sigh of relief.

A quick nutshell explanation as offered in a recent Kiplinger article spotlighting hidden assets in divorce: A restricted stock unit is a form of deferred compensation. If you are married to an upper-level company employee, your spouse just might be entitled to this type of future bonus.

If you know that, you might be able to alert a family law judge as to the specifics and stake your claim to a fair division of marital assets. If you don’t know it, well ….

As the Kiplinger piece duly notes, that you-know-it-or-don’t reality often readily attaches to myriad types of assets that a bad-faith soon-to-be ex might be proactively shielding during the divorce process.

Obviously, it can take some sleuthing to uncover all the proverbial stones relevant to hidden assets. Kiplinger notes multiple wealth sources that exist in a muted or overtly secreted way in many decouplings, especially high-asset divorces.

Take pensions, for example. And military benefits in marital splits involving servicemembers. And, increasingly, varied forms of so-called cryptocurrency.

Questions or concerns regarding divorce-linked hidden assets can be directed to an experienced family law legal team.