Perspective
Aug. 19, 2011
Severance payments: One time income or income over time?
Why allocating severance payments over a period of months may not be a good idea. By Mitchell A. Jacobs and Ryan McEachern of the Law Office of Mitchell A. Jacobs.
In the recent opinion in In re Marriage of Tong & Samson, 2011 DJDAR 10824 (2nd Dist. July 18, 2011), the 2nd District Court of Appeal answered the question of whether to allocate lump sum severance payments over a period of time or to attribute those funds in the month they are received, where the support order includes an Ostler & Smith component. Ostler & Smith orders are based upon the ...
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