Employee Stock Purchase Plans Are Not Exempt Assets

Jon Alper Audio, Florida Exemptions, Gallery, Image, Link, Quote, Standard

A client asked me during a consultation whether his employee stock purchase plan was an exempt (“ESSP”)  asset.  The client’s ESSP was provided by his employer. The employer is a publically traded company. The ESSP plans provides employees the opportunity to purchase employer stock at a ten percent discount to current market value.  The employee pays tax on the benefit …