What is the name of your state (only U.S. law)? Ohio
Here's the scoop. . . .
My husband and I mutually agreed to end our 28-year marriage this past week. I have had an initial consultation with an attorney and will be retaining her once i start needing her services. I told my husband I'd like to try for a dissolution and work out our agreements ourselves in a fair and amicable fashion, that I did not intend to destroy him financially and did not want this to turn into a nasty divorce. Right off the bat he's antagonistic and is refusing to see an attorney until he sees what "papers" I come up with (my suggestions for division of property). I am totally agreeable to a 50/50 split of assets/debts and told him I would be going by the advice of my attorney and legal statutes in terms of spousal support. His response, "Spousal support? There won't be any of that."
I know there are no "magic formulas" for determining the amount of spousal support and I've read the Ohio FAQs on Spousal Support & Alimony online. I'm also familiar with the 1/3 guideline. Based on the following information and income from last year, should I be entitled to any spousal support? I am trying to put together a budget for supporting myself (for the first time ever) and am a bit anxious to know if I can expect support and get some sort of idea of how much.
His income: $61,300
My income: $33,400
Although I have a degree and worked as a Registered Nurse for 14 years, I gave up my nursing career 13 years ago so that I could be home with our children and provide their transportation to a small private school. I built a small home-based business which I now work at full-time. It has grown to provide a modest income to supplement his and we have been "comfortable". I no longer hold a nursing license and would have to go back to school to re-enter the medical field since it has changed so much.
He has an associates degree, and was 3 classes away from a Nuclear Engineering degree several years ago when he quit school after being layed off from his position at a Nuclear Power plant. Most of college work was done while we were married and had small children. A lot of time and money went into it which meant that I sacrificed as well only for him to never finish. This past Spring he started school again (without discussing it with me -- I didn't find out till his first week of classes) to get a degree in Business.
Our 2 children are grown, so although our 21 year old still lives at home, child support isn't an issue. We plan to sell our house and I'm assuming split the equity. He has a 401K and I have a small Roth IRA. We also own a timeshare. That's it for our major assets. Our only debt is our mortgage and approx. 6,000 owed on a motorcycle he just bought this past Summer. Zero credit card debt.
Any advice or insights provided would be much appreciated. If any more info would be helpful, I'd be happy to provide it.
Thanks!!!
Here's the scoop. . . .
My husband and I mutually agreed to end our 28-year marriage this past week. I have had an initial consultation with an attorney and will be retaining her once i start needing her services. I told my husband I'd like to try for a dissolution and work out our agreements ourselves in a fair and amicable fashion, that I did not intend to destroy him financially and did not want this to turn into a nasty divorce. Right off the bat he's antagonistic and is refusing to see an attorney until he sees what "papers" I come up with (my suggestions for division of property). I am totally agreeable to a 50/50 split of assets/debts and told him I would be going by the advice of my attorney and legal statutes in terms of spousal support. His response, "Spousal support? There won't be any of that."
I know there are no "magic formulas" for determining the amount of spousal support and I've read the Ohio FAQs on Spousal Support & Alimony online. I'm also familiar with the 1/3 guideline. Based on the following information and income from last year, should I be entitled to any spousal support? I am trying to put together a budget for supporting myself (for the first time ever) and am a bit anxious to know if I can expect support and get some sort of idea of how much.
His income: $61,300
My income: $33,400
Although I have a degree and worked as a Registered Nurse for 14 years, I gave up my nursing career 13 years ago so that I could be home with our children and provide their transportation to a small private school. I built a small home-based business which I now work at full-time. It has grown to provide a modest income to supplement his and we have been "comfortable". I no longer hold a nursing license and would have to go back to school to re-enter the medical field since it has changed so much.
He has an associates degree, and was 3 classes away from a Nuclear Engineering degree several years ago when he quit school after being layed off from his position at a Nuclear Power plant. Most of college work was done while we were married and had small children. A lot of time and money went into it which meant that I sacrificed as well only for him to never finish. This past Spring he started school again (without discussing it with me -- I didn't find out till his first week of classes) to get a degree in Business.
Our 2 children are grown, so although our 21 year old still lives at home, child support isn't an issue. We plan to sell our house and I'm assuming split the equity. He has a 401K and I have a small Roth IRA. We also own a timeshare. That's it for our major assets. Our only debt is our mortgage and approx. 6,000 owed on a motorcycle he just bought this past Summer. Zero credit card debt.
Any advice or insights provided would be much appreciated. If any more info would be helpful, I'd be happy to provide it.
Thanks!!!