Unlike child support, spousal support is often very difficult (if not impossible) to modify after the divorce is final, so getting it right the first time is a must!
Thanks! I do know the extent of his alimony will terminate upon her remarrying or if my husband or her die. As far as the situation where he would be unable to pay, when the fire destroyed the business I wouldn't see why a judge would say that is a forseeable situation. There was a dramatic and substantial change in his income, to the point where he cannot just jump back into another job making the same as what he was.
I know that it is a long shot, but it is worth a try. We already told her that trading property in lieu of alimony WOULD not be done. I am not forfeitting my property in lieu of alimony payments since the courts would have no record of it--- and I wouldn't put it passed her to just take us to court anyway. I will send updates as I see them. We are waiting for our 2007 returns to come in so I can file the paperwork.
We don't want it terminated, just adjusted. $500.00 a month is extremely steep for us right now because we can barely take care of the bills as they are now on my own salary. Ideally, we would like to adjust it to $100.00 a month for a while-- (and believe, she's not hurting for the money)