Submitted by [deleted] t3_yifytm in personalfinance
PoliteSupervillain t1_iuinc9s wrote
Reply to comment by Sideways_X in I was put in a horrible financial situation and need advice. by [deleted]
Well I hope you get a decent amount of alimony once the divorce is finalized
Sideways_X t1_iuing3e wrote
Unlikely. Neither of us have any assets left. And I should also say the duration of the marriage will not allow alimony.
nails_for_breakfast t1_iuipjal wrote
Alimony is mostly based on gross income, not current assets
newbeginingshey t1_iuj4hzk wrote
Just because the wife earned more doesn’t mean OP would get alimony. In many states the bar to receive alimony is now that the lesser earner earns less than needed to support themselves (how that line is calculated varies by state) - it is not a question of the lesser earner continuing the lifestyle they had during the marriage. OP has a job. In many jurisdictions, that alone is the end of the alimony consideration.
Even if OP was entitled to two years of $500/month alimony (which would be a lot in many jurisdictions these days, alimony isn’t what it used to be), the wife could make it cost OP $20k in legal fees for that to get awarded. OP is smart to be forward looking and pragmatic about his budget.
Sideways_X t1_iujcwdn wrote
Not married long enough for alimony I'm afraid.
accio_caffeine t1_iuiu8ar wrote
You need a lawyer to explain this to you. Everyone is telling you the same thing and you don't seem to understand the legal situation here
Sideways_X t1_iuiufbx wrote
You may be right, but I can't afford one
itsdan159 t1_iuixp7s wrote
Plenty will at least offer you a free or low cost consultation.
Sideways_X t1_iujd23d wrote
Duly noted, will look into that route.
Viewing a single comment thread. View all comments