She retired after 30 years of hell from her employer and gets a pension.
Both get Social Security.
Is he entitled to any of her pension when he didnt earn it?
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Hes never had any money to put in and never had anything to help.
She has always made more money.
Can she get back what she originally got out of HER house when she sold it?
Why would he get an equal share when shes always paid more for everything?
Without her having a house, they wouldnt have the house theyre living in now.
-J.
Dear J.,
Im assuming the she is you, Letter Writer.
Though Ill do my best to explain how property division works in divorce, you have two basic options.
you might schedule an appointment with a divorce attorney to discuss how your assets would likely be split.
Or you might accept that youre stuck with your husband till death do you part.
Typically, only marital property property acquired while you were married gets split during a divorce.
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Equitable doesnt always mean 50/50, though the split is often relatively equal.
Im sure an attorney could argue that you deserve a greater share of the homes equity.
Also, assets are divided as a package.
So if youre determined to keep the home, youd probably have to make concessions elsewhere.
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Splitting assets after 20 years of marriage can get extremely complicated.
So you really need to talk to an attorney.
Look for one who offers a free consultation.
Meeting with an attorney to explore your options isnt the same as serving your husband with divorce papers tomorrow.
Taking this baby step doesnt obligate you to make any life-changing decisions.
No one gets everything they want in a divorce.
But if you split from your husband, a surefire way to waste money is to fight over everything.
you could oftensave money on divorceby being open to compromise.
You contributed more financially throughout the marriage, and most divorce settlements are relatively equal.
So youll need to decide just how badly you want to end this marriage.
Sacrificing some of your hard-earned money may be worth it if it buys you a clean slate.
Send your tricky money questions to[email protected].
