Some assets are pretty straightforward during a divorce. While you are likely aware of cars, homes, and banks accounts you jointly own with your soon-to-be-ex, other assets are not as easy to identify.
These hidden assets might get included within the divorce decree, provided you can prove their existence. Here are three less common assets to consider when getting a divorce.
Unless your spouse keeps cryptocurrency in an investment company, you might not even know these assets exist. You can ask your spouse directly for clarification, or seek professional assistance if you believe your ex is not telling you the full truth. In this case, a forensic accounting of your shared assets can uncover any concealed assets like cryptocurrency.
Restricted stocks are shares in a company that employees receive as part of their compensation. In general, employees only receive stock after meeting specific criteria, such as quality job performance or working for an employer for a certain period of time. If an employee accrues restricted stock during the course of a marriage, it is a shared asset. Because you cannot always access stock until the employee receives it, you may need to divide other assets to make up for the missing funds.
Only certain military ex-spouses qualify for benefits. If your ex served for at least 20 years, your marriage lasted at least 20 years, and your marriage and your ex’s military career happened concurrently for 20 years, you might receive a portion of their benefits.
It is inevitable to get through a divorce with some financial changes. By getting prepared, you can start the next chapter of your life on the right foot.