#divorce

Seeking advice regarding divorce finances

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Seeking advice regarding divorce finances Partner and I are divorcing after several years together. It’s amicable. We’ve agreed that they’re keeping the house (valued at around $150k/owe $85k), and I’m keeping a parcel of raw land (valued at $90k/owe $65k). We share some other debts which total about $70k. I have a retirement account of about $100k. They do not have retirement savings. …

Reddit Personal Finance 1.3k 2024-07-08

Post Divorce-Now what

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Post Divorce-Now what Got divorced somewhat recently and now I’m sorting out what to do and how to get back on track financially. Current situation: Income: ~$250k and steadily increasing. Home: Bought in 2022 for ~$660, over invested but it is now valued around $750k and I owe $600. Debts: Home- $600k value $750 Car-$15k Value= ~$40k Other expenses: Child Support -…

Reddit Personal Finance 391 2024-07-08

Moving money before divorce

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Moving money before divorce My wife and I are going through an amicable divorce. No kids. We have $100,000 in savings from the sale of a our house last year. We’ve decided to separate this evenly between the two of us: We both get $50,000 She keeps the car and and car payments (I’m not on any of the paperwork so this is easy) I keep my couple thousands in student debt. Wou…

Reddit Personal Finance 1.1k 2024-07-07

Going through a divorce, need financial advice so I don’t lose my home. Please help!

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Going through a divorce, need financial advice so I don’t lose my home. Please help! I’ll try to keep this as simple as possible. I’m in the state of SC (not sure if that matters or not) and going through a divorce. I currently live in the family home with our children, and have been paying the mortgage on my own for the last year. We have equity in the home and a very low interest rate and reasonable mortgage payment. He has ag…

Reddit Personal Finance 562 2024-07-03

Help me understand my Edward Jones info during divorce

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Help me understand my Edward Jones info during divorce Background: I’m getting a divorce due to domestic violence and abuse. I was looking at our Edward Jones account we opened last year. At first I only saw the Roth and Joint savings account we opened with them and no money has moved so I thought we were good. I looked again last night and clicked on “accounts” and can see our non-Edward Jones acco…

Reddit Personal Finance 684 2024-06-23

529 Post Divorce and in my name

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529 Post Divorce and in my name I have a decent amount of money set aside for my oldest son, 20. I am divorced and we also have a 10 (F) and 8 (M). We started a college fund for the oldest when he was young. Post-divorce, we did not include the 529 as a marital asset in our divorce decree (I did it pro se). We continued to contribute equally to it for about 5 years post-divorc…

Reddit Personal Finance 1.2k 2024-06-21

Divorce when not the breadwinner

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Divorce when not the breadwinner My wife makes significantly more money than I do, always has. We have been married for 10 years and have a toddler together. There has been lots of financial burdens the past year or so. I’ve begged my wife to stop planning trips every month to focus on our debts to no avail. I’ve asked for any help with bills and debt with no help from her. Sh…

Reddit Personal Finance 932 2024-06-20

Lease Ending but ex wife got car in divorce….

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Lease Ending but ex wife got car in divorce…. I have a lease ending on a 2020 jeep Cherokee under my name. But here’s the twist. I agreed to let my ex wife drive it in our divorce under the terms she makes all the payments on it and buys it out at the end of the lease. After speaking to the dealer she can’t buy it because she’s not on the lease. Is this true? Can I not have sign a piece of …

Reddit Personal Finance 853 2024-06-15

McIlroy divorce called off; reconciled with wife

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McIlroy divorce called off; reconciled with wife Rory McIlroy told The Guardian of London on Tuesday that he had reconciled with his wife of seven years, Erica Stoll, while his attorney Tuesday filed a motion to voluntarily dismiss the divorce petition filed last month in a Florida court.

ESPN 1.3k 2024-06-12

Divorce seems imminent, are my retirement savings vehicles ready?

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Divorce seems imminent, are my retirement savings vehicles ready? Hi there. Divorce between my partner and I seems to be a very real option. As we navigate, I’ve been working to try and simplify our finances and prepare a bit financially. There is still quite a ways to go, but looking for some wisdom from the group. Here’s the breakdown: $0 consumer debt $256k mortgage balance on 3.625% / 25 years left. $485k…

Reddit Personal Finance 1.3k 2024-06-10

Buying a House in the Middle of a Divorce

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Buying a House in the Middle of a Divorce I (26/M) am currently in the Middle of a divorce from my ex (28/f). We have been seperated for about two years and have 2 dependents. She owns a home and in the divorce proceedings everything has already been divided she keeps her home and debt I keep my debt and belongings and we go to court officially this month. I am in the process of buying…

Reddit Personal Finance 849 2024-06-06

Contemplating Divorce. Need financial help

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Contemplating Divorce. Need financial help Cross posted in r/Divorce Throw away for various reasons. Wife and I contemplating divorce. We own a successful business – medical, it’s an LLC. LLC is split 51/49 in wife’s favor. I work 100% of the time and contribute 90% of the income. Wife works 50% of the time and contributes 10% of income. For maths sake – I generate 550k and wife generate…

Reddit Personal Finance 671 2024-05-27

Divorce. Stay and be house poor? Leave and be cash flush?

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Divorce. Stay and be house poor? Leave and be cash flush? Hello, just wanted to take a quick temperature from the masses. Got divorced in November. House in San Antonio Texas has been on market with little traction. My ex said she’d be willing to let me buy her out. Cost about $15k. I’d figure out how to borrow that or pay her off over a year or two. We have a 3.3% mortgage owe about $275k. Monthly e…

Reddit Personal Finance 1.3k 2024-05-17

Is it possible to divorce without taking anything?

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Is it possible to divorce without taking anything? I married my wife on a K-1 visa and I currently have a 10 year green card in the US. After years of marriage we keep running into repeat issues. We’ve tried marriage counseling (from different therapists) for the past year and things haven’t really improved and at this point we are considering divorce. If this happens I am planning on just going…

Reddit Personal Finance 1.3k 2024-05-03

Filing for uncontested divorce.

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Filing for uncontested divorce. Hello all, my soon to be ex wife and i are trying to get an uncontested divorce. After calling a lawyer i was told that i HAVE to split everything with her, even whatever i have accumulated in my 401k since i had that during our marriage. The communication with my ex is pretty open and she says she doesn’t want anything and we’re both in mutual …

Reddit Personal Finance 1.3k 2024-03-13

I can’t make up my mind whether to sell my house or keep it after my divorce.

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I can’t make up my mind whether to sell my house or keep it after my divorce. I kept the house. I had to buy my ex out for $150,000 in July when our divorce was final. This runs me just over $900 a month based on a 5.75 interest rate. Plus I have a personal loan interest free from my family with a balance around 75-80k. With property taxes, the house runs me 1800 a month. If I were to sell today it would probably sell in…

Reddit Personal Finance 412 2024-03-10

Rental house after divorce

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Rental house after divorce I’m currently going through the process of divorce, and I was looking for some advice when it came to a rental house we have. She is willing to let me pay for her half, but we currently have a 2.5% interest rate and with how high interest rates are, it would be a hefty price difference when I refinance to remove her from the title. Net worth is …

Reddit Personal Finance 421 2024-02-29

Recovering from divorce

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Recovering from divorce I’m recently divorced at 50. I bought out of alimony. I paid off all debt. I paid off the lawyer. What’s left (my portion) is $150,000 in equity from the home, about $75,000 in 401Ks (sheesh), and about $40,000 in stocks. I’ve tried talking to financial advisors but I got panned by two. My net worth isn’t worthwhile. I’m in San Diego. Housing is…

Reddit Personal Finance 742 2024-01-22

33, looking to buy a manufactured home for 2 years after a divorce

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33, looking to buy a manufactured home for 2 years after a divorce I’m moving to the city I grew up in to get myself together after a divorce and I don’t know if I want to live there long term. I hate the idea of an apartment and housing prices are INSANE for this area. I’ve found a few that (from photos) seem in good shape and are kinda cute. I have a dog and I want her to have a yard to lay in. The idea is th…

Reddit Personal Finance 1.0k 2024-01-19