Viola Law Firm P.C. - Attorney

Start From A
Position Of Strength

Counting The Money In A Silicon Valley Divorce

In the big-money world of tech, divorces can cost what others might consider a fortune. For some entrepreneurs, a pile of newly-found wealth can embolden the urge to fight hard to keep it. For spouses married to tech entrepreneurs, a generous settlement may be their best shot at financial security for the rest of their lives. They're going to fight hard, too. At issue is the alleged king's ransom they're fighting over. Dividing the significant wealth that accumulates in the tech world isn't as easy as dividing piles of hundred-dollar bills, though. In Silicon Valley, wealth often comes in other forms that can be more difficult to divide.

  • Stocks. Much of the wealth of tech entrepreneurs may be tied up in stocks. That means that their net worth depends greatly on market factors. Sometimes spouses of those in the tech industry assume that they married someone who is worth much more than they actually are.
  • Restricted stocks. These stocks are subject to certain conditions. For example, an employee or entrepreneur may have to stay at a company for a certain length of time or hit certain benchmarks before becoming eligible for the stock.
  • Other assets. Multiple homes, boats, cars and other assets will be taken into consideration in a high-asset divorce.

In California, the assets that each spouse bring to a marriage remain theirs after the divorce. But there can be a great deal of grey area surrounding the assets accumulated during the marriage itself. For example, one person may have bought the house before the marriage, but what if the couple jointly renovated and decorated it during the marriage? And one spouse may have owned stock in a tech company before marriage, but the interest accumulated during the marriage would be subject to division.

It's wise for those with a great deal of assets to consider these issues before marriage, and execute a solid prenuptial agreement. Either way, however, it's best to consult with a lawyer who has experience in the complexities of high asset divorce.

No Comments

Leave a comment
Comment Information

California Family Law And Litigation

Email Us For a Response

Schedule A Meeting With An Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

441 First Ave
San Mateo, CA 94401

Phone: 650-532-9389
Fax: 650-342-6854
San Mateo Law Office Map