Hello Forum,
Ex and I are in process of amending my separation agreement. Ex wants to increase my extra-ordinary child expense ratio. My ex has done a number of nasty things to me and I'm trying to take the high road. I currently pay 65/35 and share custody of two kids.
She wants me to pay more and I'm ok with it as long as I'm earning a decent living. However, with layoffs exasperated by COVID I'm not sure how secure my job is and I'm 48 in the financial industry. If I get laid off, there is a high chance I will no be able to get the same income or another job in the financial industry because of my age and the automation of the entire industry. At my current role, I've been tasked to automate my role for the last 2 years.
Question 1
My income is variable and can range from 200k-250k per year. If I get laid off, it will go to around 40k-60k of only investment income. With no income from employment, will I be expected to pay CS based on my income when employed.
Question 2
Has anyone ever put in an Forced Employment Termination Clause in their separation agreement to adjust their CS your support obligation based on a reduced income due to early/forced termination.
thanks again.
Ex and I are in process of amending my separation agreement. Ex wants to increase my extra-ordinary child expense ratio. My ex has done a number of nasty things to me and I'm trying to take the high road. I currently pay 65/35 and share custody of two kids.
She wants me to pay more and I'm ok with it as long as I'm earning a decent living. However, with layoffs exasperated by COVID I'm not sure how secure my job is and I'm 48 in the financial industry. If I get laid off, there is a high chance I will no be able to get the same income or another job in the financial industry because of my age and the automation of the entire industry. At my current role, I've been tasked to automate my role for the last 2 years.
Question 1
My income is variable and can range from 200k-250k per year. If I get laid off, it will go to around 40k-60k of only investment income. With no income from employment, will I be expected to pay CS based on my income when employed.
Question 2
Has anyone ever put in an Forced Employment Termination Clause in their separation agreement to adjust their CS your support obligation based on a reduced income due to early/forced termination.
thanks again.
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