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Can you tell how my conference for divorce went?
A few interesting tidbits:
If you live in NY and you and your wife have a college degree, NYS will require you to put your kids through a 4 year college.
You get a SUNY (State University of New York) cap, that is if your kids want to go out of state, you (as non-custodial parent) only have to pay 1/2 of what it would cost for NYS school.
Child support goes to age 22 if they are in college.
99% of the time the residential custodial parent will be able to live in the house until the child is emancipated (Legal state age)
in my case 18 years old. The house does not have to be sold until this time.
If she remarries, house gets sold.
All mortgage, taxes, maintenance, insurance and utilities are her responsibility.
If the value of the house goes down, I'm out (even if I wanted it sold now); on the other hand, if it goes up, I gain.
I have to pay for camp for them this year (because the kids can't be left alone yet this summer).
If she chooses, she gets 25% of my gross salary as it is now, but it is capped at that. If she wants my salary reviewed yearly she can get more money if I get raises, BUT if salary goes down, she gets less.
I can not quit my job to avoid child support payments. I am required to have a similar salary job to make those payments no matter if it's one or three jobs.
For the most part, since she makes the same amount of money I do, I will, in essence, be paying the mortgage every month while she lives in the house.
IMHO, instead of 50-50 splits, most of the laws are slanted towards the women in NY.
It is going to be a LOOOOOONNNGGGG way to go.
Hope I can make it.
A few interesting tidbits:
If you live in NY and you and your wife have a college degree, NYS will require you to put your kids through a 4 year college.
You get a SUNY (State University of New York) cap, that is if your kids want to go out of state, you (as non-custodial parent) only have to pay 1/2 of what it would cost for NYS school.
Child support goes to age 22 if they are in college.
99% of the time the residential custodial parent will be able to live in the house until the child is emancipated (Legal state age)
in my case 18 years old. The house does not have to be sold until this time.
If she remarries, house gets sold.
All mortgage, taxes, maintenance, insurance and utilities are her responsibility.
If the value of the house goes down, I'm out (even if I wanted it sold now); on the other hand, if it goes up, I gain.
I have to pay for camp for them this year (because the kids can't be left alone yet this summer).
If she chooses, she gets 25% of my gross salary as it is now, but it is capped at that. If she wants my salary reviewed yearly she can get more money if I get raises, BUT if salary goes down, she gets less.
I can not quit my job to avoid child support payments. I am required to have a similar salary job to make those payments no matter if it's one or three jobs.
For the most part, since she makes the same amount of money I do, I will, in essence, be paying the mortgage every month while she lives in the house.
IMHO, instead of 50-50 splits, most of the laws are slanted towards the women in NY.
It is going to be a LOOOOOONNNGGGG way to go.
Hope I can make it.
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