Im new to the forum. My wife of 17 yrs and I are separating. We have two kids 15 and 11.
I have no concerns with child support payments. We will be splitting 50/50 and I'll be happy to pay for and help where / when needed.
I'm looking for some info on spousal support.........
Since 2004 my wife has worked part time earning close to half of what I made. We have company pensions where again she paid half of what I did into her pension until 2014. For the last couple of years 2015-2018 I made around $8000 more per year ( not a massive amount) and now I make around $12000 more per year.
No I don't know if they work off the full time or if its like the last 5 years kind of thing.
So my question is, will I need to make equalization payments to my spouse for the 10 years she was earning half? I know I'll need to top up her pension and will I need to give the full amount approx. $70k or would it be just half of that. Personally, I don't feel like I should be required to pay her back the full $70k. I maybe wrong but it doesn't make sense to me that I'm completely responsible for all of it.
I don't want to leave her broke and we are amicable. So I don't mind paying a fair amount - the key word being fair.
Any thoughts and or assistance would be appreciated.
Thanks in advance
I have no concerns with child support payments. We will be splitting 50/50 and I'll be happy to pay for and help where / when needed.
I'm looking for some info on spousal support.........
Since 2004 my wife has worked part time earning close to half of what I made. We have company pensions where again she paid half of what I did into her pension until 2014. For the last couple of years 2015-2018 I made around $8000 more per year ( not a massive amount) and now I make around $12000 more per year.
No I don't know if they work off the full time or if its like the last 5 years kind of thing.
So my question is, will I need to make equalization payments to my spouse for the 10 years she was earning half? I know I'll need to top up her pension and will I need to give the full amount approx. $70k or would it be just half of that. Personally, I don't feel like I should be required to pay her back the full $70k. I maybe wrong but it doesn't make sense to me that I'm completely responsible for all of it.
I don't want to leave her broke and we are amicable. So I don't mind paying a fair amount - the key word being fair.
Any thoughts and or assistance would be appreciated.
Thanks in advance
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