alabama george
Junior Member
What is the name of your state (only U.S. law)? Alabama
i became an ex three years ago at 55 after 30 years of marriage on the grounds of breakdown of the marriage. my attorney advise my to give up my interest in the marital home (with me paying off the mortgage), give her my savings (except for my $100,000 in retirement and she kept her state retirement), give her all furnishings, the new tahoe, all balances in checking accounts, basically everything and $600 monthly in alimony with a life insurance policy in the amount of $600,000 to secure the alimony until she remarries, or otherwise. my attorney stated that she would never be able to ask for more alimony.
i found out that she recently inherited over $200,000 from her mother who died last spring. can this amount help me get relief from my obligations?
if not, can i ask the judge to split the insurance amount between my previous wife and my new wife. at this stage in my life a life insurance policy to cover my new expense (home, furnishings, etc - the necessaries in life) costs more than i can afford. if i live to be 100 paying alimony at the rate of $600 a month, it appears that i would only need about $225,000 to cover my obiligation to her.
i became an ex three years ago at 55 after 30 years of marriage on the grounds of breakdown of the marriage. my attorney advise my to give up my interest in the marital home (with me paying off the mortgage), give her my savings (except for my $100,000 in retirement and she kept her state retirement), give her all furnishings, the new tahoe, all balances in checking accounts, basically everything and $600 monthly in alimony with a life insurance policy in the amount of $600,000 to secure the alimony until she remarries, or otherwise. my attorney stated that she would never be able to ask for more alimony.
i found out that she recently inherited over $200,000 from her mother who died last spring. can this amount help me get relief from my obligations?
if not, can i ask the judge to split the insurance amount between my previous wife and my new wife. at this stage in my life a life insurance policy to cover my new expense (home, furnishings, etc - the necessaries in life) costs more than i can afford. if i live to be 100 paying alimony at the rate of $600 a month, it appears that i would only need about $225,000 to cover my obiligation to her.
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