Picture this: You are young and pretty and you meet your perfect match (she is young and pretty 😉 ). You get along pretty well, you both work, make money and after a while, you decide to live together. Life is great, you get married, buy your first house and… oh my god; she gets pregnant! You are living the perfect love, get a second child, and buy a bigger house: your life is perfect! And then, one day, you discover that your life is far from being perfect; you guys realize that you don’t love each other anymore. You both decide to split and keep going with you life. But wait! You were making 75K/year and she was making 25K… Somebody is going to get fooled…..
Myth #1 You have to give 50% of your pay cheque to your ex-wife
A few decades ago, divorce measures were made to punish people because they were breaking their engagement. Therefore, several people stayed together simply because they couldn’t afford to divorce. However, we are far from this situation in the 21st century. If you don’t live with your spouse anymore, she can ask you alimony but it might be refuted as well.
The alimony to the ex-spouse has been created in order to protect the spouse with the lowest income to keep a certain lifestyle. However, if she is making enough money to live a decent live and pay her bills, you won’t have to pay for alimony! So in the case where you make 75K and she makes 25K, you might have to pay a small one but definitely not 30K per year!
Myth #2 You have to give the other 50% of your pay cheque to your ex-wife as child alimony
Then again, we all heard nightmare stories about that poor guy who lost his wife, his house, his car and finally his job during a deep depression where he had to give every single penny earned to his ex-wife as alimony.
There is actually a chart where you can determine how much you will have to pay in child alimony. The chart first determine the family income (each person take out the first 10K before calculation) and then consider the number of children.
This will give you the amount necessary for the kids to keep their lifestyle. Then, that number is prorated according to the importance of your income in the family income (in our situation 75%). Technically, you would have to pay 75% of the amount in the chart.
However, you have the possibility to prorate this amount according to the number of days that you take care of the children. Therefore, if you take care of them 50% of the time, you will be able to drop this number by 50%. Then, if you pay for daycare, private school, etc. you have the possibility to take off those amounts from the alimony.
Keep in mind that the money send to the spouse as children alimony is disposable as the spouse’s wishes (yeah, that sucks!).
Myth #3 Once the alimony is set, you can’t change it
The alimony can be reviewed in court every year. This is quite a pain but you can request a revision if you financial situation has changed and you can’t afford to pay the alimony anymore. On the other side, if you are making a bigger income, there is nothing stopping your ex-wife to ask you for more money 😉
If you get to this point, I would suggest that you try as much as possible to get along with an agreement between you and your ex-spouse. Getting lawyers and court into your story might not be a good solutions for everyone.
image source: clarism