FutureDivorcee
New
Reged: 01/09/08
Posts: 2
Loc: Silicon Valley, CA
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My husband (2nd marriage, no kids) of 7 years is living/working in Malaysia permanently with visits back home for one week every 6 weeks or so. Our marriage is in name only. We own a house in San Jose, his 23 year old step-daughter still lives at home and is financially dependent on us.
We've discussed divorced since I discovered his siphoning cash out of the larger checking account his pay is deposited to, in addition to a secret bank account he opened there in Malaysia. He is offering me sole equity on the house plus $30,000 in our joint savings. He earns $270,000/annually, I earn $80,000/annually. He has $300,000 in two 401K plans, I have $95,000 in two 401K plans.
My husband has a history of pathological lying so he can't be trusted, but I know that he wishes to avoid an acrimonious divorce with divorce lawyers. Even though my husband will end up paying for the attorney's fees, I prefer not to "waste" money on a long, drawn out divorce process. However, friends and family think I'm crazy to not retain my own attorney. I did my own divorce the first time around with no problem (I worked in law for 8 years earlier). Do you think collaborative divorce is the way to go or am I crazy f or trusting my husband's offer with his trust issues?
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Samsung
Platinum
Reged: 06/14/07
Posts: 2108
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Is the amount fair? It is totally dependent on what the equity is in the house, which you didn't mention.
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FutureDivorcee
New
Reged: 01/09/08
Posts: 2
Loc: Silicon Valley, CA
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I think the amount would be fair - balance of loan is $600k, we bought house for $675K in July 03. We can probably sell for $800k so after 6% realtor's commission, that would leave about $150k. Since my husband has history of lying in the past & present, my family and friends are urging me to seek my own attorney.
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theanswerguy
Platinum
Reged: 04/12/07
Posts: 2179
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Well , you could spit everything equally as you do live in a community property state AND take the chance SS would be awarded . Which makes more sense ? Are all the assets you described community property or are some separate property ?
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