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Relationship Discussion (non-explicit)
Reply to "what do you think would happen in this divorce scenario"
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[quote=Anonymous]Wife makes $200K/year. Husband makes 145K/year. Wife paid 100% of a 500K deposit on their $1.2 million house, using family money. Except for mortgage the couple is debt-free. They have one kid in elementary school in DC. Wife's family has money and their support has allowed her to max out 401K, so her retirement savings are about twice husband's. Wife is just starting to think about separation and hasn't contacted an attorney yet. She's just looking for a general sense of what would be a reasonable distribution of assets. She wants to keep the home and buy H out, but what's fair in this case, where wife put down 100% of the deposit? They have split all costs (house, family, etc.) in proportion to their salaries, so the house is the only instance in which she's paid for something very big. She put down $500K when they purchased home for 1.1 mil. Now it's worth 1.25-1.3. They will have 50-50 custody. What will child support for their 4th grader look like in this case? They have been married for 9 years. Will alimony be required? Wife's parents have already fully funded the kid's 529 (amazing), so no worries about educational expenses. Both W & H want to keep things relatively amicable for the kid. Thoughts on the questions above?[/quote]
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