Palimony is monetary compensation from one member of an unmarried couple to the other, following their separation. A 2010 statute prevents individuals from obtaining palimony unless the couple had a written agreement. Recently, the Supreme Court addressed the issue of whether this statute would apply to agreements made before it was enacted in 2010. The Supreme Court has determined that the law does not apply retroactively. Therefore, oral arguments made before the statute was encated in 2010 may still be enforcable. So now, whether or not you need a written agreement to be entitled to palimony depends on the year the agreement was made.
How are Stock Options Treated in Divorce Settlements?
If you are going through a divorce, you probably already understand that you and your spouse’s assets are going to be split up. However, many people are often confused about exactly what kinds of assets can actually be divided up during divorce. What about stock options from your job? You earned them, but some could…
