My wife and I were married for 18.5 years and have been separated for about two years. We have not yet divided our equity, worth about $200,000. She has a B.Sc. in Computer Science from 20 years ago and has gone back to school to upgrade her skills and to get certified as a highschool teacher. She will complete her studies at the end of 2007. We have three children 10, 13, and 17. We will be formally divorced before the end of this year in advance of reaching a separation agreement.
Can you comment on the following separation proposal?
1/ I will give her my half of the equity as up-front lump-sum spousal support (equal to 50% of 200K, or in other words, $100,000).
2/ During the first year of separation I contributed $40,000 to her household.
3/ During the past year, I contributed about $30,000 (over 50% of my takehome pay) to her household.
4/ During the first year of divorce I am proposing $34,000 of support
5/ After that, spousal support stops but child support continues until 18yrs of age
6/ no special expenses for the children will be paid (no university tuition, etc.) since that can come out of the equity she has.
Point number 1 above, good or bad, is non negotiable, but given that this particular point is fixed, can you comment on whether the remaining proposal should be attractive or not, fair or not, etc. in that context?
I have no idea about these things, and am trying to put together a reasonable package. Is this, or is it not reasonable, and if not, why not?
Thanks for your feedback.
-gvjt-
Can you comment on the following separation proposal?
1/ I will give her my half of the equity as up-front lump-sum spousal support (equal to 50% of 200K, or in other words, $100,000).
2/ During the first year of separation I contributed $40,000 to her household.
3/ During the past year, I contributed about $30,000 (over 50% of my takehome pay) to her household.
4/ During the first year of divorce I am proposing $34,000 of support
5/ After that, spousal support stops but child support continues until 18yrs of age
6/ no special expenses for the children will be paid (no university tuition, etc.) since that can come out of the equity she has.
Point number 1 above, good or bad, is non negotiable, but given that this particular point is fixed, can you comment on whether the remaining proposal should be attractive or not, fair or not, etc. in that context?
I have no idea about these things, and am trying to put together a reasonable package. Is this, or is it not reasonable, and if not, why not?
Thanks for your feedback.
-gvjt-
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