Hello,
Working on a seperation agreement with my ex and am stuck on 1 point. I'd rather she remain in the matrimonial home as the children are comfortable, and in the end she will pay a lot less on the mortgage than she will in current rental market. If I were to sign over my rights (around $40,000) in lieu of a reduction to child support (Have come across a couple of postings that state this can happen as its a benifit to the children) what is the best way to calculate the reduction amount.
There are 3 children involved and I figured if each were to benifit $150-$200 per month it would be a fair value. Then figure out how many months are left according to each age and multiply that by $150-$200. This would come out to a total reduction of $21600-$28800 over the timeline until the kids reach 18. Seems like it would be a fair deal as if we were to sell the house I would get an instant payment of around $40,000. Obviously there will have to be a clause for when the kids are over 18 if they decide to go to university.
Has anyone else ever had to go through this process? I've seen sites that mention it, but no real way it would be calculated.
Thanks
Working on a seperation agreement with my ex and am stuck on 1 point. I'd rather she remain in the matrimonial home as the children are comfortable, and in the end she will pay a lot less on the mortgage than she will in current rental market. If I were to sign over my rights (around $40,000) in lieu of a reduction to child support (Have come across a couple of postings that state this can happen as its a benifit to the children) what is the best way to calculate the reduction amount.
There are 3 children involved and I figured if each were to benifit $150-$200 per month it would be a fair value. Then figure out how many months are left according to each age and multiply that by $150-$200. This would come out to a total reduction of $21600-$28800 over the timeline until the kids reach 18. Seems like it would be a fair deal as if we were to sell the house I would get an instant payment of around $40,000. Obviously there will have to be a clause for when the kids are over 18 if they decide to go to university.
Has anyone else ever had to go through this process? I've seen sites that mention it, but no real way it would be calculated.
Thanks
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