When It’s Over,
It’s time to move on
When It’s Over,
It’s Time To Move On
Restricted Stock Units And Divorce
Restricted stock units, or RSUs, are a means of compensation particularly popular in the Bay Area and Silicon Valley. They can be very attractive to employees, yet what do these unique assets mean when that employee is going through a divorce?
At Kempen&Company, we are a firm with unique experience in helping clients with these special assets. We know that thinking about finances can be one of the most stressful parts of a divorce, and our goal is to help you get past the tough stuff and get to your new life. With that in mind, allow us to explain how RSUs can impact your divorce.
RSUs Are Unique, And Have A Special Impact
RSUs have become more popular in recent years, especially with technology companies. They allow employees to receive stock in the future, encouraging that employee to stay at the company until the stock vests.
This presents a special challenge when going through divorce. RSUs are an asset like any other, and as California is a community property state, all assets acquired during the marriage will need to be divided one way or another. If the RSUs were granted and vested during the marriage, that’s easy. They can either be sold and the money divided, or one partner can “buy out” the other by paying market value for the stocks.
However, if the RSUs have not vested at the time of divorce, it becomes more complicated. There are several options, depending on what financial goals you have for your divorce.
When It’s Time To Move On, We’ll Help You Start Fresh
If you or your spouse has RSUs, whether or not they have vested, we recommend you call Kempen&Company today to discuss your options. There are many ways to get what you want. You can reach us by calling 888-its-over or through our convenient online contact form.