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About the Book
Over 14 million American workers now receive employee stock options -- a number similar to the workers who belong to labor unions. It's highly likely that most family lawyers will at some point represent a client who has or is entitled to some portion of this complicated aspect of marital property. The Family Lawyer's Guide to Stock Options is a handy, practice-focused guide to all aspects of employee stock options and their equitable division in divorce.
The Family Lawyer's Guide to Stock Options provides comprehensive guidance on the valuation, taxation, and distribution of stock options upon divorce, including sample provisions for property settlement agreements. It begins with a discussion of how and when employee stock options are considered marital property through a review of major court cases. Following this, the authors discuss stock option terminology and how they are valued based on certain critical assumptions and how those assumptions are validated.
Employee tax liability resulting from the exercise of stock options is an important factor that family lawyers must also address as part of any property settlement. The book discusses how taxation differs between qualified incentive stock options and nonqualified options, incorporating new tax rulings and examples of how they impact the net proceeds from the exercise of options. If the options are marital property, the book covers the advantages and disadvantages of the two typical methods of distribution: the immediate offset approach and the deferred distribution method.
The final chapter offers advice on considering stock options as income for alimony and child support cases. The overview of the issues when option income should be counted as part of gross income is followed by a review of major court cases dealing with the issue. It provides information on the use of a constructive trust to manage the use of employee stock options as part of child support.
Containing a wealth of practical advice, The Family Lawyer's Guide to Stock Options provides information necessary in dealing with this complex subject, including:
Factors that help determine whether options were granted for past or future service
Examples of time-rule formulas to allocate unvested employee stock options into marital and separate property
How employee stock option valuation differs from that of traded stock options
Strategies to use in determining if stock options impact child support and alimony
The Family Lawyer's Guide to Stock Options provides time-saving tools for the family lawyer facing a divorce case involving employee stock options, including:
50-state survey of all reported stock options cases
Sample provisions for property settlement agreements
In-depth discussion of the tax ramifications of stock options
Discovery checklist of items to request
Charts of nationwide court decisions on stock options as income for child support and for alimony and spousal maintenance
Glossary of terms
CD-ROM with appendices, including sample language, checklists, and charts
