Common Stock


#1

Your husband would be entitled to one-half of the property acquired during the marriage. For the stock, he would be entitled to one half of the stock and the resulting dividends purchased during the marriage. Any stock or dividends purchased before your marriage or after your date of separation are your separate property.

Lisa M. Angel
Board Certified Family Law Specialist
The Rosen Law Firm
4101 Lake Boone Trail, Suite 200
Raleigh, NC 27607
(919) 781-1741 direct voice
(919) 256-1660 direct fax
(919) 787-6668 main voice
(919) 787-6361 main fax
NCdivorce.com
email: angel@rosen.com

The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.


#2

I bought common stock (with company matching contributions)over a period of 10 years and was unmarried except for the last year (10th year). Then quit the job to relocate. Now 20 years later my husband is suing for divorce and equitable distribution. I have never sold any of the stock and it is still held by the company including dividends which were reinvested (this is not a 401K or retirement program). Is husband entitled to any part of the stock (held solely in my name)? It was bought through payroll deductions, but we were married during that last year? If he gets any, does he also get dividends that would be derived from the stock? Please help.

Joni