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[quote=Anonymous]"Second, in my neighborhood, a divorcing couple--especially one with an only child-- does this: high earner H gives up all rights to the family home, which is usually worth well over $2 million. He may also agree to put other assets in W's name. In exchange, he pays no alimony.

Mother's income is lower than it would be if she received alimony. Kid receives financial aid. When the kid finishes college, mom sells the family home and now has a lot of money to support herself in retirement, usually as much as she would have gotten from alimony. Dad thinks it's better for him to give his wife assets than to agree to pay alimony plus his fair share of college costs."

This is a joke, right? In what neighborhood does a family with $2M in equity in a house get financial aid? And even if this kid got financial aid, it certainly wouldn't be 100% of the cost, so where is this mom supposed to get that money if not by taking it out of the house? I suppose if the house has such a huge amount of equity in it, there's still plenty left for a very plush retirement. I'm not sure where the mom is supposed to live after she sells the house to cash out the tuition payments since presumably she needs to keep working and isn't yet retirement age. But again, only in some bizarre fantasyland would a family with a school age kid have $2M in equity anywhere in DC. [/quote]

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