Is it common for people to file for divorce because their spouse lost their job?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think women tend to divorce husbands who are duds
Men tend to divorce wives before a large windfall. Inheritance, stock options , a large promotion . It’s very known phenomenon to divorce lawyers - men riding high kn their careers at the expense of wife raising their kids, only to dump her for a newer model when he achieves career prime.

My friends husband approached her with a postnup request after 2 kids together who years marriage . His biotech company was about to go public. She didn’t sign and he divorced her. Now lives with a 20-years younger woman unmarried, they just had a baby

My DH did something similar. He made somewhere around $3M in the year after we settled. He's at a public company so some stuff was in SEC filings. Before he filed he made around $700,000, which was still a fortune but a different universe. I was a SAHM.

It will take me until the day I die to earn what he made the year he filed. He's still single for now and I don't know if he has the energy to find someone to date, but I know he's really happy to have all his money for himself.

My exH did the same. He’s dating a much younger woman doesn’t plan to remarry. Sold his company for $25m within a year post divorce . I got $4m settlement which was fine but nearly not as much as he should have shared. It cost him relationship with kids they cut him off

I guess it goes both ways dumping partners - the same idea - spouse feels the partner doesn’t “deserve” they can do better keep earning to themselves etc

Why didn’t you get half his interest in the company instead of just $4m?

NP. As far as I'm aware, asset split is dated from either the legal separation date, the filing date, or in some cases, the date of the final decree. It sounds like this person timed the sale so the company was sold after the decree was signed. I'm guessing that the split value of it before it was sold was minimal until it was valued by a buyer who wanted whatever it was. And in some cases IP is considered individual, not marital, so even if the sale had happened after the separation date but before the decree it arguably could have been considered an individual asset.

Alternate theory: the company as a marital asset was indeed split 50/50, but a valuation was done based on its estimated price on the date of separation or filing, and the company was estimated to be worth only $8M on the date of separation or filing, so PP got half of that.

Still sucks, because it's tough to grow a company to $25M without a ton of hired help and top-notch ability to manage them or a really dedicated spouse doing everything in the background so you can focus on building that $25M company.

PP you nailed it. It took 15 years to build the company (which was not the IP property etc. bit pretty tangible). It was built at the expense of my career and taking on all child caretaking while he was overseas roughly 40% of time during marriage. The initial setup of the company was done with my help . But it was valued differently at the time of divorce and he carefully structured stock options rewards plans so that he didn’t hold much as if the date of divorce. The package was given to him after by the BOD and company sold in 2 years post divorce

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think women tend to divorce husbands who are duds
Men tend to divorce wives before a large windfall. Inheritance, stock options , a large promotion . It’s very known phenomenon to divorce lawyers - men riding high kn their careers at the expense of wife raising their kids, only to dump her for a newer model when he achieves career prime.

My friends husband approached her with a postnup request after 2 kids together who years marriage . His biotech company was about to go public. She didn’t sign and he divorced her. Now lives with a 20-years younger woman unmarried, they just had a baby

My DH did something similar. He made somewhere around $3M in the year after we settled. He's at a public company so some stuff was in SEC filings. Before he filed he made around $700,000, which was still a fortune but a different universe. I was a SAHM.

It will take me until the day I die to earn what he made the year he filed. He's still single for now and I don't know if he has the energy to find someone to date, but I know he's really happy to have all his money for himself.

My exH did the same. He’s dating a much younger woman doesn’t plan to remarry. Sold his company for $25m within a year post divorce . I got $4m settlement which was fine but nearly not as much as he should have shared. It cost him relationship with kids they cut him off

I guess it goes both ways dumping partners - the same idea - spouse feels the partner doesn’t “deserve” they can do better keep earning to themselves etc

Why didn’t you get half his interest in the company instead of just $4m?

NP. As far as I'm aware, asset split is dated from either the legal separation date, the filing date, or in some cases, the date of the final decree. It sounds like this person timed the sale so the company was sold after the decree was signed. I'm guessing that the split value of it before it was sold was minimal until it was valued by a buyer who wanted whatever it was. And in some cases IP is considered individual, not marital, so even if the sale had happened after the separation date but before the decree it arguably could have been considered an individual asset.

Alternate theory: the company as a marital asset was indeed split 50/50, but a valuation was done based on its estimated price on the date of separation or filing, and the company was estimated to be worth only $8M on the date of separation or filing, so PP got half of that.

Still sucks, because it's tough to grow a company to $25M without a ton of hired help and top-notch ability to manage them or a really dedicated spouse doing everything in the background so you can focus on building that $25M company.

PP you nailed it. It took 15 years to build the company (which was not the IP property etc. bit pretty tangible). It was built at the expense of my career and taking on all child caretaking while he was overseas roughly 40% of time during marriage. The initial setup of the company was done with my help . But it was valued differently at the time of divorce and he carefully structured stock options rewards plans so that he didn’t hold much as if the date of divorce. The package was given to him after by the BOD and company sold in 2 years post divorce

I'm sorry. I'm the PP you're replying to and deep into discovery for my divorce so this is my new speciality. STBX is screwing me over with careful timing of RSUs and is now trying really hard to backdate a separation date to time the market. I nearly killed myself making his career work (hospitalized with idiopathic heart problems multiple times) and he'll walk away fully launched into the financial stratosphere.

Back on topic: there was a time when my STBX was about to lose his job. He got a series of terrible work reviews, his manager hated him, and he was making everyone mad because he's an unpleasant person. He was making my life miserable and I wondered why I was attaching myself to someone who was not only mean but unsuccessful, too. My assumption now when I hear a story about a divorce after job loss is that the reasons for the job loss probably affected their personal life, too.

[Anonymous]

+1. Women know this…most don’t walk away bc an H loses one job. When I hear this as the reason I just assume there’s a lot more to the story.

[Anonymous]

No scrubs. If he loses his job, then dump that man!