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Divorce & Family Law This forum is for discussing any of the legal issues involved in your divorce.

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  #21  
Old 07-17-2019, 08:39 AM
OB1 OB1 is offline
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Arabian,

Not as easy as you make it out. I have offered her many offers, as a matter of fact when we completed mediation back in 2016 and had agreed on a settlement she was supposed to have her lawyer draw up the agreement. This never happened, instead she text me and said she had changed the meditation report and would have her lawyer mail it to me. That was 3 years ago.
I still pay child support even though my kids both finished school, and also help them in any way I can
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  #22  
Old 07-17-2019, 06:02 PM
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Quote:
Originally Posted by OB1 View Post
I still pay child support even though my kids both finished school, and also help them in any way I can
You give money to your ex for children that are not in school?

But you are fighting about interest rates?
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  #23  
Old 07-18-2019, 10:23 AM
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I'm not fighting as you say. I'm simply asking how interest calculations work.
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  #24  
Old 07-18-2019, 12:07 PM
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Quote:
Originally Posted by OB1 View Post
I'm not fighting as you say. I'm simply asking how interest calculations work.
As I already said, if you just look at interest rates, it would be about 30% over 15 years. If you look at how much you could have earned by investing in index funds, it would be about 200%.

http://www.moneychimp.com/features/market_cagr.htm

So if you owed her $100,000 in equalization 15 years ago, the appropriate amount to pay her now, including interest, would be in the range of:

$130,000 to $300,000

Presumably the proper number is somewhere between those two figures.
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  #25  
Old 07-18-2019, 12:14 PM
Selfrepmom Selfrepmom is offline
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Now that that is taken care of, curious minds want to know..... Why are you still paying CS?!?
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  #26  
Old 07-18-2019, 01:33 PM
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I know my ex pays a lot in rent to live where she is. Even though my kids are 19 and 23 I still have a responsibility to them. That's just they way my European parents raised me. I will never abandon them financially. I will always make sure the have a roof over their head and food. Therefore, as long as they need it I will pay child support. Yes, I know I could stop but this is my choice.
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  #27  
Old 07-18-2019, 03:00 PM
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Why not just take that CS money and start building up an "interest on equalization" fund?

Assuming that you are able to declare some of your assets as "pre-marital" assets, then that will gravely hurt the financial position of your ex. Are you ok with that? Won't that make it hard for her to pay rent?

Assuming that her financial position matters to you, why not just accept her lawyer's demands, and save the legal fees?
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