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7
votes
1answer
283 views

Wife wants to buy me out of our house - how to do this?

My wife and I want to separate, and have agreed in principle that she will pay me half the value of the house we share and I’ll move out. As she has just inherited a large amount following her ...
2
votes
1answer
156 views

Would you liquidate your 401k to pay off debt in this situation?

I have a potentially complex situation that I am looking to resolve in the least painful way possible. I am going through a divorce. My income is nearly twice as much as my ex's, and I am going to ...
2
votes
1answer
78 views

can alimony exist prior to divorce for the purpose of US tax filing?

A married couple separated in the first half of 2014 and together signed an uncontested divorce decree which specified alimony payments. The divorce case has been filed with the court but not ...
5
votes
3answers
675 views

Settling house with husband during divorce. Which of these two options makes the most sense?

This is the scenario: Our house is worth about $250,000 (we think). We owe about $200,000, so we have $50,000 equity. We are divorcing amicably and both want a solution that is fair and makes sense. ...
4
votes
2answers
192 views

Is it impossible to get a home loan with a poor credit history after a divorce?

I am a very recently divorced single mom. I own my small farm which we cannot live at due to my ex-husband's continued harassment. I have the farm for sale but so far all interested parties want/need ...
2
votes
1answer
134 views

What happens to a cashed out Roth IRA in a divorce settlement?

The husband's Roth can be cashed out (has had it over 5 years and is over 59 1/2). The wife has been granted the Roth in the property settlement. The wife needs the cash. If the husband cashes ...
7
votes
2answers
1k views

When filing MFS (US), do I need my separated spouses W-2?

So, I've never been divorced before, and I've always done our taxes. That said, I have no idea how Married Filing Separately works. My date of separation was in March of this year (2013), and ...
1
vote
2answers
186 views

Is there a difference on how the property is divided during the divorce based on gender, in the U.S.?

I know in most developed countries, women can get rich from divorce. But suppose a poor man marries a rich woman and they divorce later. Can the poor man claim part of the woman's assets? Or does it ...
6
votes
1answer
498 views

Family/divorce lawyer wants large retainer before taking on case. Is this normal?

My friend needs to get a separation agreement and divorce. The law firm she called asked for a retainer of several thousands of dollars up front before doing any work. Is a large retainer normal for ...
11
votes
1answer
239 views

What are the advantages of a prenuptial agreement?

Why people don't do them? and why people do? Does it makes financial sense to do them?
2
votes
2answers
386 views

Can I save our credit with a quickie divorce?

I bought a house in 2006, at the height of the boom. Now I owe more than $100K what the home is worth, and considering walking away from my mortgage. (I'm in California, which is a "no recourse" ...