Career Scenarios That Can Influence Your Divorce Settlement
When career-related changes affect your compensation during your divorce, they are likely to influence the resolution of your case. Child and spousal support conversations are based on financial calculations, so you need to fully understand the implications of various events. For example, does switching to a lower-paying job reduce your support obligation? Is your year-end bonus considered an asset subject to distribution, or part of the income total that will be used to calculate support?
In this excellent blog posting, Kelly Frawley and Emily Pollock discuss four real-world scenarios that can impact income and, therefore, your divorce:
You’re Changing Careers
You Lose Your Job or Your Income Has Been Compromised
You’re Expecting a Year-end Commission, Bonus or Distribution