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Parenting -- Special Concerns
Reply to "Separation Agreement"
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[quote=Anonymous]Make sure he is redisability insurance, too -- including if he starts his own business. Life insurance: Make it an amount, not a percentage of income. Make sure you are the person named to control the proceeds. But at 50-50 you should alternate the mortgage deduction, no? Also, do not give up the child exemption. It is yours if the children are with you more. I gave mine away without knowing. How long have you been married? Make sure it's 10 years so you get his Social Security benefit upon retirement if you do not remarry. (I have learned so much on my own in the past 15 years!) This seems distant but it could mean thousands. Another considering: language covering financial aid for private school and college in the event of remarriage. The new spouse's income gets lumped in making FA impossible if one of you marries a high earner. Many lawyers do not know this, their clients are so high income.[/quote]
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