Asset Protection Attorney in Missouri and Illinois
Delayed Compensation Income May Be Marital Property
It is not uncommon for people to receive part of their compensation or severance package in the form of delayed compensation. Such packages can cause problems for both parties in a divorce property settlement. A spouse may argue that delayed compensation was earned for work performed during the course of the marriage. Yet, the receiving spouse may argue that the compensation should be characterized as separate property because it will not be earned income until after the property settlement has been finalized.
Stange Law Firm, LLC Will Fight Hard to Protect Your Interests
Missouri and Illinois are equitable division states. Any dispute over whether delayed compensation should be considered marital property or separate property is ultimately up to the judge in applying the applicable law. Resolving the dispute is often the key to a property settlement. In some cases, a spouse or the other will find it advantageous to argue that a particular asset is separate property and should not be subject to division.
Divorce property settlements between spouses of high net worth requires skillful knowledge of how courts apply case law decisions to specific property settlements. Stange Law Firm, LLC is able to resolve the most complex issues involving financial property such as delayed compensation income, executive bonuses and investment accounts.
If delayed compensation will be a concern in your pending divorce, make sure you have a lawyer who has experience dealing with this issue.
Contact a St. Louis High Asset Divorce Attorney
To learn more about our approach to high-asset property division, contact us online or by phone to schedule a free and confidential hour consultation at any of our convenient locations throughout the St. Louis metropolitan area, in St. Louis, St. Charles, Jefferson County and St. Louis City, Missouri, and Belleville, Illinois.
Saint Louis County Office: 314-963-4700 Click to learn more about this location.
Jefferson County (Arnold) Office: 636-296-3060 Click to learn more about this location.
St. Charles Office: 636-940-5900 Click to learn more about this location.
Belleville Office: 618-310-3711 Click to learn more about this location.
Saint Louis City Office: 314-499-8340 Click to learn more about this location.
