Yesterday went terribly at mediation. As some have pointed out I was ill prepared. My STBXW attorney was way better than mine to say the least.
What she was asking for is extreame. I am going to try to give accurate facts and hope I can get some answers to my dire predicament.
My income-Varies a lot . I’m 58, it is likely to go down. For simplicity let’s say I earn 30,000 per month, must pay taxes leaving 20 k.
I have $550,000 in retirement account She has $387,000 in bsnk and $200.000 in retirement.
Married 23 years state of florida
Her attorney valued my business at $400,000 when $250,000 is more accurate.
I can’t get a handle on the “proper “ alimony figure. Mediation broke down in afternoon, we were at
$11,000 for first 5 years $10,000 for 5 years. She is claiming she doesn’t work yet runs her parents cleaning business which brought in $106,000 last year.
We have a giant tax bill $1.100.000 and have a condo which we may sell for $2,100,000. after capital gains taxes , closing fees say we have $750,000. Presently we were to split this . So this gives me $375,000 and $550,000
Instead of these draconian alimony payments which will make it very hard for me I thought I would simply give her ALL the proceeds from sale of condo and all my retirement less $125,000
I have about $900,000 here . So I give her this and just keep $100,000 for my tiny nest egg.
I didn’t agree to the 11/10, let’s call this 10,000 per month for 10 years which is 1.200,000 in alimony payments .
I give her money up front , she knows I can make it hard to get these and also there is a high likelihood my earnings can fall significantly.
She gets $800,000 up front in lieu of alimony. How can I present this to her so she goes for this “deal”
Maybe 2 years alimony and this nest egg.
Many thanks in advance!
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