Any property you or your wife own regardless of in whose name the property is held, if it was acquired in the course of the marriage with funds earned during the marriage, the property will be considered marital property, and generally the courts will divided it in half. If the funds which you used to […]
Any property you or your wife own regardless of in whose name the property is held, if it was acquired in the course of the marriage with funds earned during the marriage, the property will be considered marital property, and generally the courts will divided it in half. If the funds which you used to purchase the property were an inheritance or separate funds earned prior to the marriage, and the property was kept in your individual name, that property would be separate property and not marital property.
I suggest you do not leave the coop until you have some form of written agreement regarding how the proceeds of the sale will be divided.
Child support will be determined based on a statutory formula, (for two children , approximately 25% of your gross income minus certain FICA deductions), and the courts will generally review the last three years of tax returns to estimate what your income is or should be. You of course can try to explain to the court that you are unemployed and have been diligently seeking employment but to no avail.
If you are living in the New York City metropolitan area, I strongly suggest that you call me at 212-370-1660 to arrange for a meeting to discuss mediating your separation and eventual divorce. It will save you time and money and lots of aggravation.
Leonard M. Weiner, Esq./ Divorce Solutions