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Structuring compensation during a divorce settlement

Understanding how income is figured when a couple's marriage ends may make it easier financially -- at least for the person paying support. Divorce in Connecticut comes with its own set of issues and some of them involve spousal and/or child support payments. Knowing how various types of income can affect those payments may make coming to a settlement less stressful. 

For instance, if a payor's compensation is in the form of a salary alone, then payments are likely to be pretty straightforward, but if there are bonuses or other methods of income like stock options involved, it can become more complex. If a payor gets a bonus with clawback provisions a payor could say it should not be included when calculating income since it could be withdrawn. Bonuses for past performance as well as commissions may also be arguable. 

Any new compensation portfolio from a new job might create conflict in a divorce settlement. How they are negotiated could spell the difference between whether or not those assets would be up for division. When it comes to stock options, their division varies from state to state. In Connecticut stock options acquired during marriage are considered to be marital property. 

There are many changes Connecticut residents may go through when in the process of divorce or after a divorce is finalized. They can include changes in careers or jobs. Speaking to an attorney who is experienced in family law may help to clarify those issues which may be confusing -- like changes in personal compensation during divorce and how that affects a divorce settlement.

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  • Hi Yuliana and Attorney Prince, Thank you so much for taking time out of your busy day to meet with me. I really appreciated how compassionate you were while listening to my situation, even through my tears. Thank you so much for sharing such valuable information with me. I left feeling very hopeful that when the dust settles, I’ll be ok.
  • Wendy helped guide us through a very difficult and emotional process and was really able to provide an even and fair account for both parties. It's quite evident in her expertise in this area but the way she was able to make you feel safe and secure in a very insecure time goes far beyond her legal prowess. If the two parties are really willing to cooperate and collaborate, she's there to help gain the best possible solution for all involved, especially if there are children.
  • Regardless of how committed one is to the fact that divorce may be imminent and necessary, it is truly one of the most emotional and stressful situations one can experience. It can also be daunting. Wendy has a remarkable ability to cut through the noise and help you focus on the big picture while drilling down on what is most pertinent to your particular situation., they are a formidable team who work collectively with your best interests in mind.
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