My friends story:
My spouse and I have been seperated for 4 years and divorced for 2 years. The final order was issued in early 2010. It said "each year commencing June 1, 2010 the parties shall exhange financial disclosure as mandated by section 21 of the Federal Child Support Guidelines to calculate available income for child support ie. in June 2010 the income information for 2009 shall be exchanged. Either party may bring a motion to vary child support provisions retroactive to January 1st 2010 and forward only". We have both released each other from spousal support and neither pay each other any child support.
Neither of us requested/exhanged financials in June 2010.
At the moment it does not appear that there is any significant difference in income (my ex has been spending quite a bit of money home improvements, vacations etc.). Both of our incomes seems to have grown since the last exchange of financial information in 2009. In reality, mine probably grew a bit more and may grow more in the future.
I would prefer to not rock the boat and ask for financials. I am pretty sure my ex will ignore my request because she will think there isn't enough income differential to cash in on. If she thought there was she definitely would.
Does the fact that I ask to exchange financials help if she ever tries to seek support retroactively. I only want to ask to exchange finacials if there is any advantage to me. Otherwise I will let sleeping dogs lie. My previous lawyer seemed to think I should exchange every June whether she asks or not.
Bottom line, do you think I should ask to exchange financials in June 2011?
My spouse and I have been seperated for 4 years and divorced for 2 years. The final order was issued in early 2010. It said "each year commencing June 1, 2010 the parties shall exhange financial disclosure as mandated by section 21 of the Federal Child Support Guidelines to calculate available income for child support ie. in June 2010 the income information for 2009 shall be exchanged. Either party may bring a motion to vary child support provisions retroactive to January 1st 2010 and forward only". We have both released each other from spousal support and neither pay each other any child support.
Neither of us requested/exhanged financials in June 2010.
At the moment it does not appear that there is any significant difference in income (my ex has been spending quite a bit of money home improvements, vacations etc.). Both of our incomes seems to have grown since the last exchange of financial information in 2009. In reality, mine probably grew a bit more and may grow more in the future.
I would prefer to not rock the boat and ask for financials. I am pretty sure my ex will ignore my request because she will think there isn't enough income differential to cash in on. If she thought there was she definitely would.
Does the fact that I ask to exchange financials help if she ever tries to seek support retroactively. I only want to ask to exchange finacials if there is any advantage to me. Otherwise I will let sleeping dogs lie. My previous lawyer seemed to think I should exchange every June whether she asks or not.
Bottom line, do you think I should ask to exchange financials in June 2011?
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