Friday, August 23, 2013

In re Marriage of Wendt

Bonus money comes up a lot in the divorces we handle in Bloomington Illinois. This recent case may affect future cases in McLean County Divorces.

http://www.state.il.us/court/Opinions/AppellateCourt/2013/1stDistrict/1123261.pdf 

In dissolution proceeding, court properly found that husband's bonus from his employer was not marital property. Bonus was speculative until actually awarded by the employer, and was not a contractually enforceable right, as it was issued at employer's discretion.


Best Regards, 

Jon D. McLaughlin
Bloomington Law Group LLC
Flanagan State Bank Building
2401 East Washington Street
Bloomington Illinois 61704
Skype: jmclaug2



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1 comment:

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