What is the name of your state (only U.S. law)? NJ
I'm 44, she's 42
Married 18 years
2 kids (14 & 11)
Total net worth currently ~$450k
My income ~$200k
Wifes income ~ $12-15k off the books (she has a degree)
No debt what-so-ever, other than mortgage
We're both miserable. No history of violence, separation, or abuse of any kind.
Considering divorcing, but concerned it will wipe me out permanently & I'll have to pay forever, given the length of marriage & imbalance of income (although I've begged her to get a better job for years). Willing to part with majority-even all of the assets-to offset permanent alimony. Completely willing to fully support children forever and her through transition. Concerned about long-term burden of 'maintaining standard of living.' We have a fairly substantial home & I can't replace it for her and live somewhere for myself. NJ is just too expensive & the financial drain would have me bankrupt or living paycheck-to-paycheck.
Should I expect to permanently give up 1/2 or more of my income and social security if I go through with this?
I'm 44, she's 42
Married 18 years
2 kids (14 & 11)
Total net worth currently ~$450k
My income ~$200k
Wifes income ~ $12-15k off the books (she has a degree)
No debt what-so-ever, other than mortgage
We're both miserable. No history of violence, separation, or abuse of any kind.
Considering divorcing, but concerned it will wipe me out permanently & I'll have to pay forever, given the length of marriage & imbalance of income (although I've begged her to get a better job for years). Willing to part with majority-even all of the assets-to offset permanent alimony. Completely willing to fully support children forever and her through transition. Concerned about long-term burden of 'maintaining standard of living.' We have a fairly substantial home & I can't replace it for her and live somewhere for myself. NJ is just too expensive & the financial drain would have me bankrupt or living paycheck-to-paycheck.
Should I expect to permanently give up 1/2 or more of my income and social security if I go through with this?