When A Bonus Is NOT A Bonus!

Presented by:

Private: Steven S. DeYoung

Attorney Steven S. DeYoung and the Case of When A Bonus Is Not A Bonus

When’s A Bonus NOT A Bonus?

Q: Is the stock option Scott Williams received from his employer considered a ‘Bonus’?

In the case of Williams vs. Williams the question is whether the term “bonus” was to include stock options that Scott Williams received from his job. Scott’s separation agreement with his former wife, Susan, called for Scott to pay her 30% of any “bonuses” he received. The word “bonus” was not defined specifically in the agreement. We will have to stay tuned to find out who it turned out to be a “bonus” for – Scott or Susan.

If you’ve gone through a divorce you probably know all too well what can pop up and cause a nightmare, especially when financial situations are complex. Many times it’s even worse when children are involved. Regardless of the situation, divorce is not easy and modifications to the divorce settlement may occur for several years after the actual divorce takes place. Deciding on how to get divorced is almost as difficult as getting divorced. Couples have more options today, such as mediation, also know as alternative divorce resolution (ADR). How do you decide if divorce or mediation is right for you? You do your homework.

Consult with at least one lawyer (sooner rather than later), and be honest, reveal all information up front to avoid perils in the end. Free Consultations are offered by most attorneys, and a good way to find the right fit for your personal situation. Every divorce is unique and it’s critical to find the right attorney to represent your best interests, even if you choose to go pro se (i.e. the do-it-yourself method). Regardless of your legal situation, and regardless of your financial situation, time is money; so save both,  start your legal research on LocalLawyersCapeCod.com to help streamline this tedious process, and find answers quickly, easily and totally free.