What is the name of your state? I am in Missouri. I am preparing to file for divorce after 16 years of marriage. My husband has been verbally abusive throughout our marriage, but I don’t really have any proof of that and I think the bottom line is this is a financial transaction. So, I’m wanting some thoughts on what is reasonable to expect.
We are in our 40's. My husband went on disability about a year ago. Prior to that he was employed but bringing in about ¼ of my salary . During our entire marriage I have made at least 3 times as much as him. My gross salary is approx $7000 a month; take home pay approx $4600. He draws about $1200 a month between social security and a long-term disability policy. He is permanently disabled and not a candidate for retraining for another career.
He has many times during our marriage told me to take my paycheck and stick it where the sun doesn’t shine; however he has enjoyed my ability to support him. Again, I suppose what he did or didn’t say to me is irrelevant here. If he were to go after maintenance, how much could he get? How do my expenses vs. his expenses factor into this? How does my contribution to the assets vs. his contribution factor in? Is his disability the overriding factor in all of this?
Assets in my name – IRA, 12,000; defined contribution plan $6000; defined contribution plan $84,000; Defined contribution plan $2300;
Assets in his name – defined contribution plan, $35,000; defined benefit plan, estimated value today $105,000
So he is a little better off than me as far as the assets he has in his name vs. mine; I would like to just say, “what is yours is yours and what is mine is mine “ but is he likely to be able to get more of mine given his situation?
Assets in both names - IRA, $3,000; equity in house - $80,000…. Split it 50/50??
Does he have any right to the 529 plans I have opened for my sons?
Debts are another factor. Debt in my name includes $23,000 car loan, and about $8000 in credit card debt. Debt in his name includes about $10,000 in credit card debt.
We have two adolescent sons. I expect to share legal and physical custody but they would be with me most of the time.What is the name of your state?
We are in our 40's. My husband went on disability about a year ago. Prior to that he was employed but bringing in about ¼ of my salary . During our entire marriage I have made at least 3 times as much as him. My gross salary is approx $7000 a month; take home pay approx $4600. He draws about $1200 a month between social security and a long-term disability policy. He is permanently disabled and not a candidate for retraining for another career.
He has many times during our marriage told me to take my paycheck and stick it where the sun doesn’t shine; however he has enjoyed my ability to support him. Again, I suppose what he did or didn’t say to me is irrelevant here. If he were to go after maintenance, how much could he get? How do my expenses vs. his expenses factor into this? How does my contribution to the assets vs. his contribution factor in? Is his disability the overriding factor in all of this?
Assets in my name – IRA, 12,000; defined contribution plan $6000; defined contribution plan $84,000; Defined contribution plan $2300;
Assets in his name – defined contribution plan, $35,000; defined benefit plan, estimated value today $105,000
So he is a little better off than me as far as the assets he has in his name vs. mine; I would like to just say, “what is yours is yours and what is mine is mine “ but is he likely to be able to get more of mine given his situation?
Assets in both names - IRA, $3,000; equity in house - $80,000…. Split it 50/50??
Does he have any right to the 529 plans I have opened for my sons?
Debts are another factor. Debt in my name includes $23,000 car loan, and about $8000 in credit card debt. Debt in his name includes about $10,000 in credit card debt.
We have two adolescent sons. I expect to share legal and physical custody but they would be with me most of the time.What is the name of your state?