Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:
so only 10 years of alimony for 30 years of marriage? This is surprising.
Really? That was per NYS guidelines in place at the time and I was advised that, in consideration of my giving up my 1/2 of the house, we could knock either the monthly amount or the # of years down. I declined.
Today, as I understand it, in NYS alimony is less generous than it used to be. Ymmv.
OK so wasn't house part of joint assets if you were married 30 years?
Of course. We had a 50/50 division of joint assets. I declined my 1/2 of the house in order to allow her to keep it. I took nothing in place of that equity.
Not sure what your questioning.
Understood and not questioning anything (just clarifying for my understanding). I can't believe she took that in place of lifetime of alimony.
I am not the PP you are responding to but alimony is not usually for life...not anymore. It's usually temporary--a set number years. This is not the 1980s. Those days are over.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:
so only 10 years of alimony for 30 years of marriage? This is surprising.
Really? That was per NYS guidelines in place at the time and I was advised that, in consideration of my giving up my 1/2 of the house, we could knock either the monthly amount or the # of years down. I declined.
Today, as I understand it, in NYS alimony is less generous than it used to be. Ymmv.
OK so wasn't house part of joint assets if you were married 30 years?
Of course. We had a 50/50 division of joint assets. I declined my 1/2 of the house in order to allow her to keep it. I took nothing in place of that equity.
Not sure what your questioning.
Understood and not questioning anything (just clarifying for my understanding). I can't believe she took that in place of lifetime of alimony.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:
so only 10 years of alimony for 30 years of marriage? This is surprising.
Really? That was per NYS guidelines in place at the time and I was advised that, in consideration of my giving up my 1/2 of the house, we could knock either the monthly amount or the # of years down. I declined.
Today, as I understand it, in NYS alimony is less generous than it used to be. Ymmv.
OK so wasn't house part of joint assets if you were married 30 years?
Of course. We had a 50/50 division of joint assets. I declined my 1/2 of the house in order to allow her to keep it. I took nothing in place of that equity.
Not sure what your questioning.
Anonymous wrote:Anonymous wrote:Anonymous wrote:
so only 10 years of alimony for 30 years of marriage? This is surprising.
Really? That was per NYS guidelines in place at the time and I was advised that, in consideration of my giving up my 1/2 of the house, we could knock either the monthly amount or the # of years down. I declined.
Today, as I understand it, in NYS alimony is less generous than it used to be. Ymmv.
OK so wasn't house part of joint assets if you were married 30 years?
Anonymous wrote:Anonymous wrote:$0
10 year marriage
The reason does not matter (no fault)
There are spousal support calculators in Va or ask an attorney (it is math)
If I left when I wanted when I was not working, it would have been $3,000 a month; I went back to work though and then it was $0. It was math
He earns double my salary
Kids would have suffered financially if he had to pay me alimony. They did not if I went back to work—so that is what I did
Most divorces do not go to court (only 5%); alimony is math but can be worked out differently in the agreement in mediation or with attorneys
Are you guys civil toward each other? This is an interesting arrangement to me because it seems really ideal. I’m a stay at home mom and if I got divorced I would want something like this. How do you feel about it?
Anonymous wrote:Anonymous wrote:
so only 10 years of alimony for 30 years of marriage? This is surprising.
Really? That was per NYS guidelines in place at the time and I was advised that, in consideration of my giving up my 1/2 of the house, we could knock either the monthly amount or the # of years down. I declined.
Today, as I understand it, in NYS alimony is less generous than it used to be. Ymmv.
Anonymous wrote:
so only 10 years of alimony for 30 years of marriage? This is surprising.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Mediation and we followed the NYS guidelines of support which meant for 10 years of monthly payments plus 1/2 of marital assets. I also gave her my 1/2 of our home’s equity, which had no mortgage.Anonymous wrote:In a recent thread, some posters said they didn't get any alimony, others were set for life, and still others got it for a few years while they found a job or went to school. (This is separate from child support.)
How long were you married? 30 years
What was the reason for the divorce -- i.e., did it factor into the alimony calculation? "Irreconcilable differences" and no factor in alimony calculation
What was the difference between your income and spouse's income? I was the husband and my income was 3X my wife’s.
Do you regret the amount you settled on? Not at all. Why would I? We were married 30 years, she certainly deserved what she got.
Was your alimony agreed upon in mediation or did a judge decide?
Curious, what % of your monthly income is her alimony payment? Was she a SAHM?
I don’t recall the %, but it was definitely a calculation based on difference of income and then a % of that difference. My divorce was 9 years ago and I just sent her her 2021 payment in one lump (rather than a monthly check) to help her out of a cash flow shortfall. We remain in a cordial friendship. Not besties, but certainly not enemies. Good person.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:SAHM
Married 24 years
$10,000 a month for ten years
$8,000 a month for five years
$5,000 a month for life
This is tax free
What was HHI at end of marriage?
$700,000
Does this change is wife remarries?
Yes, No alimony if I remarry.
Anonymous wrote:
Does this change is wife remarries?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:SAHM
Married 24 years
$10,000 a month for ten years
$8,000 a month for five years
$5,000 a month for life
This is tax free
What was HHI at end of marriage?
$700,000
Does this change is wife remarries?