Opinion
No. FST FA 04 0198618S
May 12, 2005
MEMORANDUM OF DECISION ON PLAINTIFF'S MOTION FOR ALIMONY AND CHILD SUPPORT AND COUNSEL FEES PENDENTE LITE
This court, having heard the testimony of the parties and the evidence submitted by them and having considered Sections 46b-86 and 46b-62 of our statutes grants the plaintiff's motions for alimony, child support and attorneys fees.
Effective February 7, 2005, and retroactive thereto, the defendant shall pay to the plaintiffs, pendente lite, the sum of $33,333 per month as unallocated alimony and child support. Said payments shall be included in the plaintiff's income and fully deductible from the defendant's income in accordance with the Internal Revenue Code. The defendant, age 46, is employed as managing director for Merrill Lynch Co. and earns a gross base monthly income of $14,583.33 as of February 8, 2005 and a net base monthly income of $10,111.21 exclusive of his 401K contribution of $1,083.30 per month. In addition, the defendant also earned a cash bonus of $915,000 gross and $585,325.17 net after deductions. He also received $410,000 in non-cash compensation that vests over a four-(4) year period and quarterly dividends of $3,300. Thus, his total net monthly income amounts to $86,361.21. The plaintiff wife is 44 and unemployed. The parties have twin sons, age eleven. Both boys attend New Canaan Country Day School. The parents share custody and visitation under an agreed temporary parenting plan wherein the father has the sons approximately twelve nights per month. The plaintiff occupies the marital residence with her two sons and the defendant rents a separate apartment. The plaintiff wife has submitted a financial affidavit dated February 3, 2005 showing net monthly interest and dividends of $5,588 less after-tax, a net monthly income of $1,944 or $449 monthly. Her monthly expenses total $33,529 or $7,738 per week. She also shows $15,395 in checking and savings accounts. The parties also have a joint Merrill Lynch CMA account of approximately $4,507,812 which has been frozen for a period of time. Whereas, the defendant's financial affidavit shows monthly expenses of $20,966. In addition to the above award, the defendant shall also be responsible for the tuition of the two minor children and he shall maintain health insurance for the plaintiff and two children and be responsible for uninsured and out of pocket medical expenses.
The plaintiff shall be responsible for the childrens' tutors and summer camp expenses.
Counsel fees are awarded to the plaintiff from the defendant in the amount of $18,579.00, to be paid within ninety days.
Grogins, J.