Quote:
Originally Posted by fotze
What if the guy was the sole breadwinner for 5 years then they separate, dose he now owe her half of his paycheck for the rest of his life? Do they split the assets down the middle? What about an inheritance, does that get split?
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What if the guy was the sole breadwinner for 5 years then they separate, dose he now owe her half of his paycheck for the rest of his life?
Depends. Duration would not be long for a 5 year marriage. Quantum would depend on his income compared to what she is capable of making (if anything). There are tables that the Court will sometimes consider.
http://www.fathers-resources.com/Lin...d=424&mid=1386
The
Without Child Support Formula
Amount
ranges from 1.5 to 2 percent of the difference between the spouses’ gross incomes
(the gross income difference) for each year of marriage (or, more precisely, years of
cohabitation), up to a maximum of 50 percent. The range remains fixed for marriages 25 years
or longer at 37.5 to 50 percent of income difference.
Duration
ranges from .5 to 1 year for each year of marriage. However, support will be
indefinite
if the marriage is 20 years or longer in duration or, if the marriage has lasted 5
years or longer, when the years of marriage and age of the support recipient (at separation)
added together total 65 or more (the rule of 65).
Do they split the assets down the middle?
Matrimonial Property is split 50/50 - exempt from that is property owned before the marriage, gifts, inheritances, or injury settlements.