Saturday, March 19, 2011

RI Divorce Supreme Court Case

Wife entitled to one half of ex-husband's stock options ($854,000 approx.) years after the divorce has been final.

On March 11, 2011, the RI Supreme Court ruled in the case of DiPaola v. DiPaola, that wife may receive one half of the husbands stock options. The Court opined that the Martial Settlement Agreement the parties had executed which was incorporated by reference by not merged into the final decree was ambiguous. The husband felt the wife was only entitle to approximately $62,000, but now stands to pay her over $400,000.

This case illustrates how important a well drafted martial settlement agreement.
----------------------------------------------------------------------------------
If you have questions about this posting or are interested in Divorce, Immigration, or Estate Law in RI or MA contact Massachusetts and Rhode Island Divorce Lawyer Rui P. Alves at 401-942-3100 or CONTACT him via email.

No comments:

Post a Comment