What is the name of your state (only U.S. law)? CA
Any advise would be appreciated..
We were married for 20+ years and are finalizing our marital divorce agreement.
I am looking at potentially buying out me ex from alimony (spousal) payments. I am trying to figure out what I should offer her that is fair. Are there any guidelines out there or formulas that I can leverage? The key risk components that I believe should be accounted for in the offer calculation from my perspective is;
- She could get re-married
- She could cohabitate with someone
- Given economic market conditions, there is always a risk of my job loss
- Her earning potential could increase if she actually works full time or pursues education plans she has declared
- She lives in Canada and I live in CA where we got divorced. The divorce was done in CA.
This was a long-term marriage (20+ years).
Any guidance would be appreciated.