If you own stock in a business entity and you also play an active role in the operation of that entity, then you probably understand keenly how much the success of the business rises and falls on what you do or fail to do. If you’re the spouse of someone like that and the two of you are getting a divorce, it is important to recognize that the fruits of your spouse’s labor are marital assets, which means that you are entitled to an equitable distribution share of the extent to which the business appreciated in value during the marriage. To find out more about what the law says you are entitled to under equitable distribution, reach to a knowledgeable South Florida divorce lawyer to get the customized answers you need for your specific situation.
R.P. was one of those kinds of people, in that he was a spouse and a stockholder. Entering the marriage, he owned stock in three timber corporations in the U.K. In 2008-09, he left his job at the local airport in Flagler County and began taking a more active role in the corporations, rising to become Chairman of the Board. From 2009 to 2018, the bulk of the family’s income came from funds that the husband received from the timber corporations.
In 2018, R.P.’s wife filed for divorce after 18 years of marriage.
As you can see, a circumstance like this is vastly different than, say, being a Walmart greeter who owns stock in Apple. Apple’s value rises or falls completely independently of anything you do. In this case, the husband’s actions from 2009-18 had a very substantial and very direct impact on the increase in value of the timber corporations.