During a divorce in Arizona, there is a lot you must consider. Matters like custody, visitation, alimony and property division are some of the most immediate. You may even learn there are certain hidden assets that need to be considered and valued.
What are common hidden assets to consider during divorce?
When it comes to property division in your divorce, you may be surprised to learn that there are a few other assets to consider. These are sometimes called “hidden assets” and are those you might not immediately think about on a daily basis. They include the following:
- Restricted stock units: If you or your spouse work in a corporate position as an executive, usually in finance, you probably have restricted stock units. These are assets that can be cashed out after your divorce. At the same time, stocks cannot typically be transferred, but they are assets that can be frozen depending on the market.
- Pensions: Pensions are assets you can consider if you or your spouse are a state or federal employee. Since pensions are assets that both of you would have had access to if your marriage had lasted, they are considered during property division in divorce. However, the amount that you might receive monthly would only be an estimate.
- Military benefits: The 20-20-20 rule applies to military benefits in divorce. Either you or your spouse must have served for at least 20 years. Your marriage and that service must have overlapped by 20 years as well.
- Bitcoin and other cryptocurrency: Bitcoin and other cryptocurrency is another hidden asset to consider. They may be difficult to trace and can be volatile, which means having a professional look into them is important.
Who should you turn to for help?
An attorney may be able to help you if you’re looking into the value of uncommon assets during divorce. Your attorney could help protect your rights and make sure you get your fair share when dividing marital property.