Hi all, glad I found this forum.
I'm going through a divorce right now and we are about to write up our SA. The situation is, I have a high paying job, she hasn't worked in 6 years because of kids at home. Kids are age 3 and 6.
She plans to build a life coaching business from home and I will have the kids half time because I work week on week off......she hasn't had any income YET but she charges $100/hour for her services.
When it comes to splitting assets we are planning to split RRSP/pensions. We also own 3 houses with about $250-300K in equity.
Prior to marriage I owned some farmland that has gone up about $100k since we got married 10 years ago.
My plan is to get her to agree to taking ALL of the home equity and not paying any spousal support. I obviously will pay child support of about $2500/month based on my $200k/year income.
My question is, will giving her the extra equity be enough to get away with not paying spousal support? She seems agreeable and doesn't want to fight each year about it, and wants to keep the lawyer bill as cheap as possible. Spousal at my current income could be as much as $4500/month but she is well trained and set up for success.
This is in Alberta......Thanks in advance.
I'm going through a divorce right now and we are about to write up our SA. The situation is, I have a high paying job, she hasn't worked in 6 years because of kids at home. Kids are age 3 and 6.
She plans to build a life coaching business from home and I will have the kids half time because I work week on week off......she hasn't had any income YET but she charges $100/hour for her services.
When it comes to splitting assets we are planning to split RRSP/pensions. We also own 3 houses with about $250-300K in equity.
Prior to marriage I owned some farmland that has gone up about $100k since we got married 10 years ago.
My plan is to get her to agree to taking ALL of the home equity and not paying any spousal support. I obviously will pay child support of about $2500/month based on my $200k/year income.
My question is, will giving her the extra equity be enough to get away with not paying spousal support? She seems agreeable and doesn't want to fight each year about it, and wants to keep the lawyer bill as cheap as possible. Spousal at my current income could be as much as $4500/month but she is well trained and set up for success.
This is in Alberta......Thanks in advance.
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