Daily Archives June 15, 2021

DISTRIBUTION OF ASSETS ACQUIRED AFTER SEPARATION BUT BEFORE DIVORCE

The Court of Appeals in Powell v. Powell, focused on distribution of stocks acquired during marriage but after separation. The trial court had distributed stock options and share equally until the separation, and after separation, the vested stocks were allocated and distributed to the appellee giving rise to this appeal. The appellant essentially argued that the trial court should have also equally transferred to him the stocks that were vested after separation but before the final decree of divorce. As a rule, upon entry of a final divorce decree, the court shall: Assign to each party his or her sole
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