Legal Question in Family Law in Maryland
Pre ipo stocks
If my husband has been given 100 shares of stock, but the company has not yet gone public. He will be able to sell the stock when both of the following criteria have been met
a) the company goes public
b) after two years
If we are getting a divorce this year, will I be able to get a portion (half) of this future asset.
2 Answers from Attorneys
Re: Pre ipo stocks
It is likely that the options or stock received by your husband from his employer would be considered marital property and therefore subject to "equitable distribution" by the Court.
If you would like to talk further, please do not hesitate to contact me at 301 220-2200.
DAVID BULITT
www.divorcelawyerMD.com
Re: Pre ipo stocks
As the IPO stock is acquired during marriage, so it is marital property and subject to distribution.
There are exceptions where certain acquired assets are not deemed marital property. These exceptions do not appear to apply in your situation. This type of asset is complex
and you have numerous options. One course of action is to enter into a separation agreement whereby you retain control
over things rather than leaving matters to be determined in court. Obviously your options vary with the content of such an agreement. You should seek counsel before entering into a separation agreement.
(410) 799-9002
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