I'm wondering if there is anyone out there with court ordered lifetime alimony and if so, how are you dealing with it? (FYI - my payment is $14,000 per MONTH for the rest of my/or her life. And to top it off, I am required to maintain a $2,000,000 life insurance policy payable to her, just in case I die first. All of this after being ordered to pay approximately $5,000,000 - not a typo - as the asset division.) I actually did go back to court three years after the divorce since my income had dropped another 30%, ended up paying another $90,000 in legal fees, was ordered to pay her legal fees and was told that a new business entity that I had just invested in (she had nothing to do with this) would "probably" throw off enough money to make up for my further income loss, and therefore, no reduction was granted. This divorce was conveniently instituted by her when my income started dropping, in a no fault state. My only crime was making too much money. BTW - my X is a PhD who has gone back to work, our children are grown, I established trust funds for all of them, so their college/grad school is covered. And the icing on the cake is that the court order states that if for any reason my income increases, she is entitled to take me back to court for MORE alimony. I'm pretty sure this all sounds unbelievable to most people. I just don't know how to get over a problem that never ends. And I'm NOT a CEO of some publicly traded major corporation.
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Dealing with lifetime alimony.
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