Marriage of Cereghino CA1/2

BACKGROUND

Elizabeth and Brian married on August 1, 1998, and separated on September 18, 2009. They have two minor sons born in 2000 and 2002. Elizabeth and Brian entered into an MSA in December 2009, and executed a further agreement in April 2010, where they waived final Declarations of Disclosure. On July 23, 2010, the trial court entered a judgment of dissolution of the parties’ marriage, which incorporated these two agreements. The judgment provided for joint and equal physical custody of the children. The 2010 judgment stated that Elizabeth’s monthly income was $900 and Brian’s was $42,000. The order provided that Brian would pay Elizabeth child support in the amount of $11,000 per month for Elizabeth’s 50 percent custodial timeshare. The Judicial Council form attached to the judgment did not indicate that this was a “non- guideline order.” Brian also agreed to pay Elizabeth $3 million ($1 million in securities and payments of $200,000 each year for 10 years). The judgment indicated that Elizabeth was receiving real property unencumbered with any debt worth $910,000, a life insurance policy, and joint use of a vacation timeshare. Elizabeth waived spousal support. On October…