Legal Question in Family Law in California
Stock holdings after divorce
My cousin gave my ex-husband and I a gift of stock while we were married. We liquidated the stock when we divorced in 1996 and split the proceeds evenly. At our old address, my ex received a letter from the stock company, stating that there are securities to be claimed. I have the form and it is addressed to xxxxxxx and xxxxxxxx. Can I sign & process it without his signature? Can I keep the proceeds for myself, since they came from my family and my ex got his share when we divorced?
Asked on 8/14/00, 6:47 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: Stock holdings after divorce
No, it must be split with him. If you take it all and he finds out, the court can award the entire amount to him.
Answered on 9/18/00, 3:57 am