I've been visiting this forum frequently in the last two years, but this is my first post. I need advice on a separation agreement proposal from my STB ex. Here's some background information.
Married for 18 years
I'm 58, she's 46
Two children, 12 and 15 years old
Home valued at approximately $600k
There is a large disparity in salaries between us:$105k difference (I have the higher salary)
Equalization will result in me owing about $250k
We each have a lawyer
Here's what my STB ex proposed, with the help of her lawyer.
For equalization settlement the STB wants the house
The STB agreed on no spousal support
50/50 child custody and set off child support
My first impression was delight, since I hated the idea of spousal support. But later I started having mixed feelings about the proposal, once I realized that I will be walking away with only the shirt on my back. Also, if I would insist on the sale of the matrimonial house, I would walk away with about $50k, a nice sum of money that I can use towards the down payment for my next home. However, my STB insists on the transfer of the house to her or no deal (or she would ask for spousal support).
What do you think? Should I consider myself lucky and take the deal, despite the initial financial difficulty that I would find myself in, or should I fight a little harder for the sale of the house?
Married for 18 years
I'm 58, she's 46
Two children, 12 and 15 years old
Home valued at approximately $600k
There is a large disparity in salaries between us:$105k difference (I have the higher salary)
Equalization will result in me owing about $250k
We each have a lawyer
Here's what my STB ex proposed, with the help of her lawyer.
For equalization settlement the STB wants the house
The STB agreed on no spousal support
50/50 child custody and set off child support
My first impression was delight, since I hated the idea of spousal support. But later I started having mixed feelings about the proposal, once I realized that I will be walking away with only the shirt on my back. Also, if I would insist on the sale of the matrimonial house, I would walk away with about $50k, a nice sum of money that I can use towards the down payment for my next home. However, my STB insists on the transfer of the house to her or no deal (or she would ask for spousal support).
What do you think? Should I consider myself lucky and take the deal, despite the initial financial difficulty that I would find myself in, or should I fight a little harder for the sale of the house?
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