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Stock Options and Marital Assets

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Over the past decade, more and more companies are using stock options and similar incentives as part of an employee’s overall compensation.  Our next guest says that if you are married, even if divorce is not imminent in your relationship, you should be aware that in most situations these restricted stock units are considered marital assets.

Mike Switzer interviews Stephanie Vokral, a certified financial planner and certified divorce financial analyst with The Financial Knot in Columbia, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.