FINANCIAL ISSUES - MARITAL PROPERTY V. SEPARATE PROPERTY
I have been divorced for over 7 years and have not re-married. I still own stock with my ex-wifes name listed as one of the owners. My question is how do I have her name removed from ownership therefore leaving me as an Individual owner. Presently, I do not know where my ex-wife lives or even if she has remarried. Any help would be greatly appreciated.Answer:
Once again, unfortunately, we see the results of trying to take care of the divorce by yourself or the results of poor, legal counsel. The matter of the stock ownership should have been taken cared of prior to the divorce and discussed in the separation agreement. If you have a Separation Agreement, and If it was discussed in the Separation Agreement, and the terms of such agreement were incorporated in the Divorce Judgment signed by the Court, you may be able to use that judgment to have the ownership changed to your name only. Otherwise , you are going to have to locate your former wife , and arrange for her to assign to you her interest in such stocks.
If you are living in the New York City metropolitan area, please contact me at 212-370-1600 to discuss the matter at greater length and to review whatever documentation you may have pertaining to this issue.
Leonard M. Weiner, Esq./Divorce Solutions