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Appeals Court Questions How Pandemic-Era Equity Payouts Should Count for Alimony
Summary
In an appeal from a probate and family court judgment, counsel disputed whether a judge erred by treating pandemic-driven, equity-based compensation as ongoing income when calculating alimony and asset division.
The Massachusetts Appeals Court heard arguments about whether a probate judge erred in calculating alimony and asset division for a former executive whose compensation included significant pandemic-era equity awards.
Jared Spinelli, representing the husband, told the panel the trial judge committed "plain error" by using a near-$1,000,000 total-compensation figure that relied on short-term, post-separation equity payouts tied to COVID-era demand. Spinelli said the executive’s pay included base salary, a capped cash bonus and a long-term incentive program (LTIP)…
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