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re: Getting financially screwed in divorce

Posted on 2/22/24 at 10:24 pm to
Posted by LemmyLives
Texas
Member since Mar 2019
6544 posts
Posted on 2/22/24 at 10:24 pm to
One just turned 10, and the other will turn 12 next month.

It took me until I was in my mid 20s to understand my step dad wasn't the problem, it was actually my mom (both Navy,) and I expect similar to happen with my kids at this point. I got shaded information, which I couldn't interpret properly to understand what was going on, what was reasonable or not, etc.)

The most disturbing factor is that my ex doesn't think it matters that my kids don't care about their father. It's mind bending to think about, as my perception is that kids are number one. And then I found out, they didn't matter as much as getting a check, which I didn't expect.

So OP, you may be getting financially screwed, but as long as you can regularly see kids that live five miles away, you have hope. I don't.
Posted by Nome tiger
SETX
Member since Nov 2014
85 posts
Posted on 2/22/24 at 10:27 pm to
I really hope her name isn’t on that mortgage otherwise you are looking at a refi
Posted by Shooter
Baton Rouge
Member since Dec 2007
6443 posts
Posted on 2/22/24 at 10:30 pm to
Your first mistake was marrying a girl 12 years younger then you! You now know when you do stupid moves like this it usually comes with a cost.
This post was edited on 2/22/24 at 10:32 pm
Posted by LemmyLives
Texas
Member since Mar 2019
6544 posts
Posted on 2/22/24 at 10:30 pm to
quote:

I expect her to fully fund any of the kids college accounts. I will be busy trying to replenish retirement funds she took at an age 12.5 years older.

Kids will know the full story someday.


I will buy you every beer on the planet some day.

My decree says that I'll give 25% of any annual bonus to their 529s (12.5% each). Well, even if it's $10k a year, it's meaningless. But not shocking, considering how many financial run ins I had to have with her.

What we expect is not going to happen. We will be the a-hole, in all cases, for a long time. It'll get better, we hope.
Posted by Old Money
Member since Sep 2012
36486 posts
Posted on 2/22/24 at 10:31 pm to
quote:

Three words: South Dakota Trust



Posted by LemmyLives
Texas
Member since Mar 2019
6544 posts
Posted on 2/22/24 at 10:31 pm to
No, it's simple, you force the sale of the house, split proceeds. You have to get your name off the deed and the loan, and that's about the only way.
This post was edited on 2/22/24 at 10:32 pm
Posted by crazyatthecamp
Member since Nov 2006
2102 posts
Posted on 2/22/24 at 10:32 pm to
I figure I get:
50 50 time with the kids
the house and interest rate
the truck
the boat
the dog
Better deeper friendships and some new ones
A strong relationship with father in law and wife
Kids stay in private school where I want them
A much cleaner more peaceful house

She gets
50 50 time with the kids
A bunch of unearned money from me
Apartment living for now
the cat

She made this divorce process 100x worse than it should have gone.
Posted by gmac8604
Green Bay, WI
Member since Jun 2012
1115 posts
Posted on 2/22/24 at 10:37 pm to
I would downgrade my profession to part-time and start a side - cash only - in your trade/hobby. You want to eventually get a 50-50 revenue, then move up. Build your assets up while keeping 50/50 with your children. I am also in this process and I am currently a beekeeper, farmer, & telecom project manager/consultant. I am aiming for full-time beekeeper with a side job of consulting. Good luck.
Posted by crazyatthecamp
Member since Nov 2006
2102 posts
Posted on 2/22/24 at 10:38 pm to
I should be able to assume the mortgage and get the rest of the equity to her with a heloc for now.

That 2.7% is really important in this fiasco.

Posted by WarDawg
Member since Sep 2012
181 posts
Posted on 2/22/24 at 10:38 pm to
Get a good lawyer. Sometimes you get lucky. I got divorced, but kept the house, my car, pretty much everything - it was something like an 80/20, 85/15 split, in my favor. I didn’t even have to pay off the credit card she’d run up, etc. The judge actually awarded me even more than MY lawyer had asked for. My ex was NOT happy. ??
Posted by Bushmaster
19th Hole
Member since Oct 2008
39637 posts
Posted on 2/22/24 at 10:40 pm to
So, what did this broad do to prompt a divorce?

Let’s just spill it here.
Posted by geauxpurple
New Orleans
Member since Jul 2014
12478 posts
Posted on 2/22/24 at 10:50 pm to
The first mistake you made was not getting a pre-nup.
The second mistake was putting your equity in to the second house without taking steps to protect it.

It doesn't really matter who contributed more to the retirement funds because both were done with community property, again because of the absence of the pre-nup.

Good luck to you.
Posted by nes2010
Member since Jun 2014
6778 posts
Posted on 2/22/24 at 10:56 pm to
quote:

She barely put aside money in separate accounts even though I told her she should. I put money away regularly.


She knew what was coming.
Posted by TheGeauxt9
Member since May 2021
52 posts
Posted on 2/22/24 at 11:01 pm to
Sorry to hear this baw, it's sad the state we are in with divorce and the complete disadvantages to the male sex. Hope everything works out the best it can, just focus on being a Father to your children and a good one at that.
Posted by momentoftruth87
Member since Oct 2013
71594 posts
Posted on 2/22/24 at 11:01 pm to
quote:

It took me until I was in my mid 20s to understand my step dad wasn't the problem, it was actually my mom (both Navy,) and I expect similar to happen with my kids at this point.


It’s unfortunate women are like that. My mom was like that too and we really haven’t had a relationship in awhile. It’s sad but seems common.

quote:

The most disturbing factor is that my ex doesn't think it matters that my kids don't care about their father. It's mind bending to think about, as my perception is that kids are number one. And then I found out, they didn't matter as much as getting a check, which I didn't expect. So OP, you may be getting financially screwed, but as long as you can regularly see kids that live five miles away, you have hope. I don't.


Sounds like my parents divorce. I got to see my dad every other weekend all living in the same town. I was around 12 when they divorced and I bolted for the military after graduation. Unfortunately missed a lot of time I wish I could have spent with him during those earlier years.

My older kids are your kids age and I spend a lot of time with them. Take them to school and pick them up. The older they get they understand me more. I think that has a lot to do with kids and dads. My son was a huge mamas boy but last few years he’s starting to get closer to me and it irks my wife a bit.

I hope things change where you get to see them more. They see everything going on.
Posted by Nome tiger
SETX
Member since Nov 2014
85 posts
Posted on 2/22/24 at 11:01 pm to
Good luck, hopefully your lender is local and you have a relationship with them, since 2008 most major mortgage companies won’t allow you to assume a mortgage following divorce without a refinance. That being said, frick Wells Fargo.
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
2405 posts
Posted on 2/22/24 at 11:25 pm to
Those Millenial women just don’t know what the frick they want. All of a sudden she feels like filing for a divorce with no grounds to justify it? The kids don’t deserve that crap. Shame on her for doing that.
Posted by LemmyLives
Texas
Member since Mar 2019
6544 posts
Posted on 2/22/24 at 11:27 pm to
quote:

My mom was like that too and we really haven’t had a relationship in awhile.


Funny you say that, I didn't talk to mine for years.

Back in the day, I chalked it up to having to send letters to people overseas or on boats. It created a severe sense of anxiety, which turned into avoidance when I hit my 20s, and I thought that was normal for Navy brats. I met a jarhead kid who lived in the same house for 12 years, and my mind was sort of blown.

FWIW, I'm dropping hints for USCG, because they'll always have work. The sea is trying to kill you, all of the time, so everyone has to pay attention. Unlike the USN, which apparently likes to run into things.

quote:

They see everything going on.


This is why I don't say *anything* about the relationship between their mother and I. It's frustrating that the ex doesn't have the same standards to protect the kids.
Posted by Oates Mustache
Member since Oct 2011
22187 posts
Posted on 2/22/24 at 11:35 pm to
quote:

Yep, late 30's/early 40's is when they start craving new dick.


Every single day here on TD, there's a new cheating thread. It's a got damn epidemic apparently.
Posted by coonass27
shreveport
Member since Mar 2008
3620 posts
Posted on 2/22/24 at 11:35 pm to
Not sure if its been said but once you say I do, your paycheck and where yiu invest it is hers. Anything you buy, is hers. Any debt is her and yours. Like was said, if you can get balances ro before, shes not entitled to that but anything more is hers too. Its dumb. But one of thr many laws that are out dated.

Also, LA is a no fault state. So no matter eho did what, that wont change how things are split or who gets more by law. If she wants to get greedy, go ahead and split everything 50/50 that was aquiredbduring the marriage. Take half if her clothes. Make up, shoes, draws, jewelry, shite anything personal that was aquired during marriage. Is be as pety as dishes and silverware.
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