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Husband making X per year before marriage. Wife did not bring any income and was a stay at home throughout whole marriage. (Approx 15 yrs). Two kids. Now husband is making 2X. They live in Il. I understand their problems are bigger than finances but husband (my buddy) is wondering about finances at this time. They are immigrant family limited English.
If she has a halfway decent lawyer, she'll probably get half of the assets, child support, keep the house (if they have one), and get permanent alimony. Pretty bad deal for your friend.
he will get taken to the cleaners and become an alimony slave like the other 42 million divorced men. welcome to america we used to call our selves land of the free home of the brave.we need to be less brave and more smart if we want to be free. the smart men i know avoid divorce at any cost.
Pretty bad deal for guys who divorce usually. Assume he's going to lose half of everything at least.
Women usually suffer emotionally and they usually get the kids.
On a side note which is related to the topic but has nothing to do with this situation: I've seen a lot of women jump for joy after 10 years of marriage and watching the husband prosper financially, only to be taken to get completely ransacked by the woman who is basically partying every night and can't wait to take her ex husband's money. Probably the scariest thing about marriage since I've watched women do 180s, like they planned this happening years ago with a friend or 2 or something. Not that I have much, but it's still scary to think about.
The children are still underage, sot there will be child support.
The wife staying at home gave the whole system support so that the husband could go out and concentrate on earning. It's not like she didn't do anything, to be fired like a hourly wage housekeeper who is no longer wanted, with no severance package.
Tell your friend that he will save a lot of money by going home and putting a lot of effort into saving the marriage.
From what I understand, buddy does not want to divorce but his wife is not happy and wants out. Just to clarify, is it posdible for my friend to lose more than half his current income in support and alimony? Or is he looking at sharing only the money made after wedding?
From what I understand, buddy does not want to divorce but his wife is not happy and wants out. Just to clarify, is it posdible for my friend to lose more than half his current income in support and alimony? Or is he looking at sharing only the money made after wedding?
It's definitely possible. Depends on a ton of factors, but if you're looking for a "worst case" scenario....yes, 50%+ of his current income could easily go to awards + child support + alimony. In addition, there's taxing situations as well...he could end up paying taxes on some/all of the money before she gets it, making it effectively greater than 50%.
Terrible situation for your buddy to be in, and I sympathize. The system is not kind to men.
So there's your WORST case scenario. As mentioned before, a ton of factors involved, but a more likely scenario would be something like:
She gets half of current assets.
She gets alimony for ~7-15 years, likely based on his "during-marriage" income, not his "current income"
She gets the kids, and child support until they are of age.
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