My hubby is in the banking business and earns stock options annually. To exercise them, he has to post his own cash and they have to vest for one year before taking them out. In his first marriage- he told her that its too expensive to exercise them and got her to waive rights to them for $30k. He basically got a crap load of cash and recently exercised them (yeah- lied to the X, IMO)
I am teatering on divorce here, and I dont know how the options work. If I am only entitled to profits from the options EARNED during our marriage OR entitled to profits from the options EXERCISED during the marriage (which would be about $400k!!!!!!)
He has over well over a million bucks in options that havent even began to be exercised yet......
Mind you- havent been married that long at all- but since he is a sneaky jerk with finances, I don't want to get screwed. I am already getting my paychecked taxed at the alternative tax minimum and will REALLY get stiffed if I annull vs. divorce.
Most attys dont know about this stuff- and finding someone i can afford is VERY different!!
-------------------- I just wanted to love and be loved
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