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Full transcript by James Nolletti below.
Even if it's just the house and retirement accounts that need to be settled upon, distributing assets in a divorce can be complicated. Valuations of even the most common assets can become points of contention. In financially complex divorces, couples often have assets that are more difficult to identify and distribute, or potentially easy to overlook. Assets may be either tangible or intangible. They usually include commercial as well residential real estate, ownership interests in different types of businesses and professional practices. At times, they involve post-marriage appreciation of separate property, stock options, intellectual property such as patents and copyrights, celebrity status and contingent interests.
Of these, stock options, restricted stock, and contingent interests are some of the most complicated and difficult assets to distribute fairly. Sometimes these cases involve foreign bank accounts or foreign trusts. There are many issues that must be carefully evaluated prior to the distribution of marital property in high asset multi-million dollar divorce cases. There can also be concerns about publicity, and sometimes business partner resentment, which can be better contained by a divorce lawyer experienced in handling such situations.
