Finances

poorlyplanned · 2020-07-30T12:57:34+00:00

Most of my belongings are premartial, I'm assuming I get to keep those...right?

Assumptions are a good way to get hurt. Whether or not you can keep your premarital assets will depend on a couple of things, mostly where you are (different jurisdictions do lots of things differently) and whether or not those assets were "comingled".

IANAL.

If you brought a bunch of money into the marriage but you put it all into joint accounts that you both contributed to and spent from, it becomes harder to say that the money is yours to take with you instead of dividing. If you brought in real estate or a business but your wife contributed significantly (time or money) to their maintenance or operation, she'll probably have claim to a share.

My wife knows almost none of the info for when she has to complete hers so hers will contain much guess work.

Make sure your lawyer is aware of this and watch for numbers that look unrealistic.

The virus has some of my spend down which will go back up after its over (gas). Should I list higher older numbers?

If you can reasonably expect the numbers to return to pre-COVID levels and are not claiming a lower income from COVID, I would think you should be able to use the larger numbers. Make sure your lawyer knows what you are doing.

CerebralAssazin · 2020-07-30T14:27:21+00:00

The instructions with mine said to make a best guess for things like food, clothing, entertainment, just make sure it’s a reasonable guess.

I lumped stuff like electronics together, like video game and consoles.

jimsmythee · 2020-07-30T20:15:14+00:00

Here is the deal. The Affidavit of Financial information is for numbers.

How much do you make? And that includes facts like W-2 & paystubs. What is your rent or house payment? Utilities like water, sewer, power, etc. Car payments? Insurance.

Then it wants to know your assets. It wants valuable assets. Do you own a house or houses? Cars? Financial investments, and 401K's. That kind of stuff. The court is not going to care about nickel and dime stuff like old video games, and jewelry. If it is worth less than $250? Don't put it in there. The courts aren't going to want to squabble over stuff like that.

If you have stuff that you are worried will disappear then you need to put it somewhere safe. I had a lot of camera equipment, the value was probably less than 2 grand. But if my ex-wife knew where to find it, it would have been sold off by her for 10 cents on the dollar, just to get her cash.

nomad_805 · 2020-08-01T21:16:31+00:00

Just speaking from experience, you can't buy your kids love so you can save a ton of money there. No amount of trips, clothes or other superficial purchase will substitute for genuinely engaging with your kids. Spending time with your kids doesn't have to be expensive but for them it has to be worthwhile. Good luck.

Title	Finances
Author	Bildinup
Upvotes	5
Comments	7
Date	July 30, 2020 11:35 AM UTC (6 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/i0khtw/finances/
Archive Link	https://theredarchive.com/r/Divorce_Men/finances.818013 https://theredarchive.com/post/818013

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