Because of the way they are typically compensated, executives and company officers face an additional layer of complexity when their assets are divided in divorce. Their compensation can include items such as:
- Qualified and non-qualified retirement plans
- Defined benefit plans
- Cash balance plans
- Profit-sharing plans
- Supplemental executive retirement plans (SERPs)
- Long-term incentives
- Golden parachutes
- Restricted stock units
- Stock options
Executives and their divorcing spouses must find a way to agree on a current, divisible value of the compensation package – or take the issue to court. How is that done?
Attorney Zachary D. Smith, a recognized leader in family law, has published a white paper for executives and spouses of executives who are considering divorce.
This free resource offers an in-depth look into how Ohio courts handle the division of executive compensation packages during divorce. It explores the main types of executive compensation, along with Ohio’s framework for the equitable distribution of marital assets and some strategic considerations.
Download “Executive Compensation In Ohio Divorces” today. Feel free to share it with those who may be interested.
