Q: In my divorce stipulation it states i must pay $20,000 to my ex ” within 6 months of execution of this stipulation”. if i dont pay within the 6 month period i will start to owe %15 interest (apr) on the $20,000.
A: David’s Answer: “Execution” in this context usually means when it was signed – NOT when you “put the settlement on the record” before the Judge (or when the Judgment was signed). That said, it may pay to have your agreement thoroughly reviewed by an experienced attorney. Call a Rockland/Westchester Divorce attorney to schedule a consult for a full assessment. – David Bliven, Westchester Divorce Attorney.