What is this going to cost me?

[ninethtee]

What is the name of your state? NC

I make approx $80,000
Wife makes approx $15,000 part time
House is worth $300,000 owe around $150,000
Have $100,000 in mutual funds
have $20,000 in savings
Have $ 10,000 in CD's

Married 17 years

2 girls 15,10

I am thinking we would share coustudy, with wife watching them a little more
I would pay health insurance.

Want to have a Lump sum alimony!!

I know you can not give me exact, but would be interested in a good guess.
Thanks

 

[BelizeBreeze]

$17.563.18 per annum.

 

[ninethtee]

What is it going to cost me?

$17,000 for how many years?

 

[BelizeBreeze]

$17.563.18 per annum.

 

[ninethtee]

What is is going to cost?

I want to do LUMP Alimony.

How much would you guess it would cost?

 

[stealth2]

I think BB's point is anything we could offer would be a guess. It all depends on what you're willing to offer, what she's willing accept, and so on. Considering that she's likely going to get ~ half of the net assets, the difference in income and her potential ability to earn will come into play.

Also, what you're thinking about custody of the children may or may not be what she's thinking OR what actually occurs. So you should also keep potential child support in mind.

 

[LdiJ]

What is the name of your state? NC

I make approx $80,000
Wife makes approx $15,000 part time
House is worth $300,000 owe around $150,000
Have $100,000 in mutual funds
have $20,000 in savings
Have $ 10,000 in CD's

Married 17 years

2 girls 15,10

I am thinking we would share coustudy, with wife watching them a little more
I would pay health insurance.

Want to have a Lump sum alimony!!

I know you can not give me exact, but would be interested in a good guess.
Thanks

You do realize that alimony and the property settlement are two different issues? As far as the property settlement is concerned your wife is going to be entitled to half of the marital assets (as well as be responsible for half of the marital debts). That means 1/2 of the home equity, 1/2 of the mutual funds, 1/2 of the CDs, 1/2 of the savings......and an item you left out, 1/2 of any retirement accounts.

Alimony would be separate from that. In addition, even if you have the children almost equal time, the disparity in your incomes means that you will be paying some significant child support as well.

You REALLY need an attorney.

 

[ninethtee]

What is it going to cost me?

I realize I have to give her half of everything. That will be worth it to be happy again. I also realize that I will have to pay some child support because I will not have them all the time. With the calculators I have seen if we have joint custody it will be anywhere from $400-900 for both children.

I can handle paying this a month. I just want to get her spousal support out of the way. I know it will be a good number. Is there any way to figure it out? Rough idea?

Thanks

 

[BelizeBreeze]

I realize I have to give her half of everything. That will be worth it to be happy again. I also realize that I will have to pay some child support because I will not have them all the time. With the calculators I have seen if we have joint custody it will be anywhere from $400-900 for both children.

I can handle paying this a month. I just want to get her spousal support out of the way. I know it will be a good number. Is there any way to figure it out? Rough idea?

Thanks

geeeez....do you want it by the numbers? O.k. here it is.

YOU: I'll give you NO spousal support.

HER: I want $600,000

You: BITE ROCKS!!! I'll give you $1,000 per month for two years to get you retrained.

HER: I want $500,000

and so on and so on.....

Get the point now?

 

[LdiJ]

If a judge has to decide....there there is basically a worst case scenario and a best case scenario....a judge wouldn't order a lump sum unless the parties agreed.

A worst case scenario might be something along the lines of combining your two incomes, dividing it in half, and then ordering you to pay her enough alimony....on a lifetime basis, to bring her up to 1/2 of your combined incomes.

Example: 80k+15k=95k

95k/2=47.5k

47.5k-15k=32.5k Potential alimony

A best case scenario might be that you would be ordered to pay some sort of amount for a few years until she can get a degree or otherwise get training so that she can fully support herself.

Otherwise, its like BB said....there is no way to predict anything

 

[Bali Hai]

If a judge has to decide....there there is basically a worst case scenario and a best case scenario....a judge wouldn't order a lump sum unless the parties agreed.

A worst case scenario might be something along the lines of combining your two incomes, dividing it in half, and then ordering you to pay her enough alimony....on a lifetime basis, to bring her up to 1/2 of your combined incomes.

Example: 80k+15k=95k

95k/2=47.5k

47.5k-15k=32.5k Potential alimony

A best case scenario might be that you would be ordered to pay some sort of amount for a few years until she can get a degree or otherwise get training so that she can fully support herself.

Otherwise, its like BB said....there is no way to predict anything

I'm willing to go out on a limb and make a prediction.

HE IS TOTALLY SCREWED!!

 

[Bali Hai]

I think BB's point is anything we could offer would be a guess. It all depends on what you're willing to offer, what she's willing accept, and so on. Considering that she's likely going to get ~ half of the net assets, the difference in income and her potential ability to earn will come into play.

Also, what you're thinking about custody of the children may or may not be what she's thinking OR what actually occurs. So you should also keep potential child support in mind.

That little ~ thing means that you are likely to get less than half the net assets and her more than half.

 

[Bali Hai]

I realize I have to give her half of everything. *That will be worth it to be happy again. I also realize that I will have to pay some child support because I will not have them all the time. With the calculators I have seen if we have joint custody it will be anywhere from $400-900 for both children.

I can handle paying this a month. I just want to get her spousal support out of the way. I know it will be a good number. Is there any way to figure it out? Rough idea?

Thanks

*If working a full time job all year and getting less than half your pay for the next 11-15 years makes you happy, then go for it.