My question involves a marriage in the state of: California
My wife and I separated 8.5 years ago and divorced almost 7 years ago. We split all our assets 50/50, except for retirement funds, where she requested, and got, a greater percentage. I also gave her a small cash pay out for each child. Since then, I have the kids 4.5 days a week, while she has them 2.5 days a week. At the time of divorce, I earnt 130k while she earnt 65k. She had previously earnt 85k but chose to work 4 days a week after we divorced. We each bought property - mine about double the cost of hers - and she owned a far greater % of hers that I did. We contribute monthly into a joint account for our child support, and I contribute more than she does, despite me having them longer each week than she does. I pay her spousal support, although she at no time curtailed her career or education during our marriage. At the time we signed our Marriage Settlement Agreement, we calculated that she would have slightly more disposable income than I would. Had she chosen to work 5 days a week, she would have had considerably more disposable income than I did.
Since our divorce she has refinanced her mortgage twice and it is now more than double what it originally was. She has also run up large credit card debts. She did that during our marriage also (the credit cards, not the mortgage) and I paid off the debts. She is now in foreclosure on her home and wishes to renegotiate our divorce settlement. I have worked hard at my career, and now earn around $195k, while she is still around $70k. She dates and I do not, meaning that I now have the kids roughly 5 days each week (sometimes more) while she has them 2 days a week. I still pay the majority of the child support. Our alimony agreement is due to terminate this November and our eldest child is due to go to college next year.
So I'm wondering - should I be worried about this? She's been talking to bankruptcy attorneys who have apparently told her that she can get more from me than she originally did but I'm not sure she's been entirely forthcoming with them about the situation when we divorced. The vast majority of my income goes into my mortgage and towards child care - for example, I pay for art classes, music classes, sports, and various activities to which she does not contribute.
Any opinions would be appreciated.
My wife and I separated 8.5 years ago and divorced almost 7 years ago. We split all our assets 50/50, except for retirement funds, where she requested, and got, a greater percentage. I also gave her a small cash pay out for each child. Since then, I have the kids 4.5 days a week, while she has them 2.5 days a week. At the time of divorce, I earnt 130k while she earnt 65k. She had previously earnt 85k but chose to work 4 days a week after we divorced. We each bought property - mine about double the cost of hers - and she owned a far greater % of hers that I did. We contribute monthly into a joint account for our child support, and I contribute more than she does, despite me having them longer each week than she does. I pay her spousal support, although she at no time curtailed her career or education during our marriage. At the time we signed our Marriage Settlement Agreement, we calculated that she would have slightly more disposable income than I would. Had she chosen to work 5 days a week, she would have had considerably more disposable income than I did.
Since our divorce she has refinanced her mortgage twice and it is now more than double what it originally was. She has also run up large credit card debts. She did that during our marriage also (the credit cards, not the mortgage) and I paid off the debts. She is now in foreclosure on her home and wishes to renegotiate our divorce settlement. I have worked hard at my career, and now earn around $195k, while she is still around $70k. She dates and I do not, meaning that I now have the kids roughly 5 days each week (sometimes more) while she has them 2 days a week. I still pay the majority of the child support. Our alimony agreement is due to terminate this November and our eldest child is due to go to college next year.
So I'm wondering - should I be worried about this? She's been talking to bankruptcy attorneys who have apparently told her that she can get more from me than she originally did but I'm not sure she's been entirely forthcoming with them about the situation when we divorced. The vast majority of my income goes into my mortgage and towards child care - for example, I pay for art classes, music classes, sports, and various activities to which she does not contribute.
Any opinions would be appreciated.
Spousal Support and Alimony: My Ex-Wife Wants to Renegotiate
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