The High Net Worth Divorce Playbook: How to Divide and Distribute Complex Assets
PODCAST: The High Net Worth Divorce Playbook: How to Divide and Distribute Complex Assets
Karen McMahon is a certified relationship and divorce coach and the host of the Journey Beyond Divorce podcast, where she helps men and women navigate difficulties in the divorce process. In this special crossover episode, she invites Stacy Francis to talk about the complexities of executive compensation packages, understanding the worth of alternative investments, and the importance of assessing your business’ value if you or your spouse owns one.
– Stock options are the most common type of executive compensation package. They allow employees the opportunity to purchase a stock in the future at a certain price. Stock options are great wealth generators because the value of most stocks increases over time.
– Even the best matrimonial attorney can potentially put their clients at risk if they don’t have experience working with high net-worth. These divorce cases are best settled with seasoned experts.
– There is a lot of risk associated with cryptocurrency. The good thing about digital assets is that you are now required to report them on your tax returns, which makes it more difficult to hide money this way.
– Real estate is an asset that should be reviewed more often. Sometimes the sentimental value we place on our vacation homes can cloud our vision of what’s best for us financially. We should first consider whether we can afford to support the ongoing upkeep and costs before we get attached to the idea of keeping a house.