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Relationship Discussion (non-explicit)
Reply to "How would you divide the money in this divorce scenario?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think you've gotten some good math here, but I do agree that a consult with a lawyer might be good to give you a realistic idea of what the law would say. So then you have a better idea, and you can go to him with a range of options. Here's what the law says, but what if we did X, or shifted from X to Y, or balanced things this way or that way? I'd also think through very carefully what you expect to need. Depending on your state, college costs may be on or off the table (in terms of child suport). Given expected inheritance, are you willing to forego some of his retirement for maybe a lump sum put into college costs? Given his age, and you not working, how were those costs going to be covered? It may be given his anxiety around retirement, that you could lay out scenarios that protect his retirement but give you other things of equal weight. Given his age, he must be concerned about being forced to work longer. His retirement is not large and there are teenage costs looming - college for one but also maybe a car, or even the travel to visit college options, higher expenses for high school, etc. What about the house or other marital property? [/quote] Do not, under any circumstances, make any life decisions based on an "expected inheritance"! That inheritance can very quickly get eaten up in long-term care. It is just straight-up dumb to live your life based on a contingency you don't control. [/quote] This is a good point. Taking less in a divorce because of an expected inheritance is idiotic. [/quote] +1. OP, this divorce is a financial disaster. You are both broke. How bad is the marriage? [/quote]
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