Engagement ring is considered a gift and not a marital asset. Wedding band is considered martial and they agree it would be an interim distribution. Still feels like a kick in the gut. I agree that she is probably going into survival mode and the prospect of money. I also think once she gets her portion of the 401k she will cash it out and do the same thing. Sad how people fail to look at the long term when all this is going on.
We will need to split assests and debts 50/50 which I don't know yet what that will look like given everything is in my name and my W doesn't have a job. Something for the L to figure out and the reason I am paying her as much as I am.
I was working on my Financial Affidavit today with my L and mentioned child care costs when my W goes back to work. My L said that with the cost of child care if my W couldn't get a job making more than 24k a year then it wouldn't be of much help to have her work. I am curious to see what this is going to look like. Not sure if I am going to end up support my W until the boys are in school even though she had an A. In our state if the dependent spouse has an A they are not entitled to alimony.
I should have a move-out agreement drafted this week and then on to the separation agreement. Once we get going on the separation agreement I will have a much better idea of what all this looks like.
Last edited by Kemper; 01/12/1009:52 PM.
M 33 | W 34 | Kids: S4, S3 M: 5/28/05 Bomb: 8/22/09 EA: 8/1/09 | PA 12/26/09 W L: 10/21/09 M L: 11/16/09 | 12/09 to file SA W & Boys Move Out: 3/14/10
I agree that she is probably going into survival mode and the prospect of money. I also think once she gets her portion of the 401k she will cash it out and do the same thing. Sad how people fail to look at the long term when all this is going on.