- 6 - an annual salary of $90,000.5 As of that time, Mr. Korchak had no intention of retiring. Based on their respective personal and business backgrounds and experiences, petitioner and Mr. Korchak believed throughout their marriage that managing their family’s finances should be Mr. Korchak’s responsibility and that Mr. Korchak was better suited than petitioner to do so. Petitioner and Mr. Korchak also believed throughout their marriage that maintaining their home and rearing their three children6 should be petitioner’s respon- sibility and that petitioner was better suited than Mr. Korchak to do so. Consequently, throughout the marriage of petitioner and Mr. Korchak, (1) Mr. Korchak assumed the responsibility of managing their family’s finances, and petitioner relied upon him to do so; and (2) petitioner assumed the responsibility of maintaining their home and rearing their three children, and Mr. Korchak relied on her to do so. As part of his responsibility for managing the family’s finances, Mr. Korchak made all the family’s financial decisions. He did so without discussing those decisions with petitioner. If 5During 2004, the year before the trial took place, Mr. Korchak received a salary of $91,000 from Performance and the following income: (1) A distribution of $13,586 from an individ- ual retirement account (IRA), (2) $19,166 of Social Security payments, and (3) a distribution of $26,981 from a pension. 6The three children of petitioner and Mr. Korchak were born in 1965, 1967, and 1969, respectively.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011