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Old 01-16-2018, 01:37 PM   #47563 (permalink)
Chula Vista
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Join Date: Oct 2014
Location: SoCal by way of Boston
Posts: 11,332
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Got it.

Just to be clear, it's not "legal ****" yet. It's a proposal. It has to be drafted into legal **** by Linda's counsel. Here it is in generic form.

Wife and Husband Assets Distribution Divorce Agreement - Jan. 15, 2018

- Husband agrees to pay Wife 50% from the sale of their home after the following:
1. The current mortgage is 100% paid off
2. Any realtor or other associated fees are paid off
3. Moving expenses are reimbursed

- Husband agrees to pay Wife 50% of all profits from the commissions or outright sale of the company that he has partial ownership in.

- Husband agrees to pay Wife 50% of any profits from the future sales of his musical instrument collection, including guitars, amplifiers, and miscellaneous effects pedals.

- Husband agrees to pay Wife 50% of the profits if he chooses to sell their co-owned automobile.

- Husband agrees to pay Wife 50% of any profits if he’s able to sell any furniture, home electronics, kitchen items, exercise equipment, and other misc. home items.

- Husband agrees to pay Wife 50% of any State or Federal refunds from their 2017 tax returns.

- Husband agrees to pay Wife 50% of his IRA distribution after he starts withdrawing payments from it – either bi-weekly, monthly, a full cash out, or any other distribution arrangement.

- Husband agrees to assist Wife with her monthly cost of living expenses as long as the amount doesn’t negatively affect his ability to pay his monthly cost of living expenses.

- Both parties agree to remain gainfully employed to the best of their ability in order to support their monthly living expenses.

- Both parties agree to limit monthly expenses to the essentials for a six-month period after the divorce is finalized (insert actual date here) so that they can both get a clear assessment of their personal financial needs. If after six months either party is not comfortable with their current financial situation, mediation will be used to come to a financial agreement that’s in the best interests of both parties.

- Both parties agree to be forthright, open, and honest about any plans to make any changes to their financial situations during the six-month period mentioned above and at any time afterwards. If any plans would require an additional financial burden be put on either party to the degree that they could not pay their essential monthly expenses, mediation will once again be used.
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