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New divorce app to help couples split assets in New York without lawyers

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Re: New divorce app to help couples split assets in New York without lawyers

#91

I once worked for a Candian startup whose main product was (at least initially) an app that did the same thing. Slick UI, PDF parsing, the whole thing was fairly polished, and if the press releases were to be believed, our product had captured something like 10% of the province's whole amicable divorce market. Unfortunately, the product ended up not being viable. The company pivoted around the end of my short time th…

The rate of repeat business would be pretty low, at least one would hope!

Re: New divorce app to help couples split assets in New York without lawyers

#92

Earlier quoted context omitted.

You don’t have to answer but I would like to ask. > I wouldn't be able to make the income that I do without the contributions my wife has made to making my life easier, and in general keeping the more administrative aspects of life under control. If you were to divorce would you find it reasonable for her to get 50%? Because I would seem as tho she gave up (willingly in support of you) a career for you. And after div…

Seems reasonable to me she would get the 50% from during the marriage, but nothing after. Most people agree to share resources from during the marriage, not after the marriage. If the bread winner owes alimony, then the house-maker should owe maid service or something, but yet you never see that in the court order.

It is especially scary when you consider that some people get locked into a career or job they hate to pay alimony which cannot be reduced if they change jobs

Re: New divorce app to help couples split assets in New York without lawyers

#93

Earlier quoted context omitted.

I just watched friends divorce. They brought a lot of unnecessary suffering in themselves. They didn’t want an app. The number one thing to know about divorce with kids is that you lose control. They couldn’t stand that. The idea that the other person was 100% in charge of the kids. They began making extremely vague allegations of how the other parent does unspecified “bad things” that need to be “reported.” They eve…

Once you understand child support payments, and thus the ability to be jailed and eventually charged with a felony and have your civil rights revoked, are tied to custody you'll understand part of the reason for the high stakes. If you end up with The only debtor's prison there is in the US is the one for people with <50% custody. Therefore if the other parent makes claims of abuse, it's imperative you have countercl…

The sort of rational thinking you are describing was completely absent from this process.

Neither party cared about child support or alimony. Or money, at all.

Also, you’re not accurately describing how things turned out.

One of the parents wound up having very little custody time, and very little child support.

Re: New divorce app to help couples split assets in New York without lawyers

#94
post #72

Earlier quoted context omitted.

It shouldn't be that scary. I've been married coming up on 10 years in January. I've been the sole income provider for a large majority of the marriage. I wouldn't be able to make the income that I do without the contributions my wife has made to making my life easier, and in general keeping the more administrative aspects of life under control. I'm in a marriage with her because I love her and respect her. Part of t…

You don’t have to answer but I would like to ask. > I wouldn't be able to make the income that I do without the contributions my wife has made to making my life easier, and in general keeping the more administrative aspects of life under control. If you were to divorce would you find it reasonable for her to get 50%? Because I would seem as tho she gave up (willingly in support of you) a career for you. And after div…

50% would be a reasonable starting place. I might factor in her earning potential had she not left her career.

We've discussed getting it codified in a postnup (along with assets), so we would know in advance what any numbers would be should either of us want to terminate the marriage. I forget off the top of my head what number we floated -- she didn't ask for it to be 50%.

Re: New divorce app to help couples split assets in New York without lawyers

#95

Earlier quoted context omitted.

You don’t have to answer but I would like to ask. > I wouldn't be able to make the income that I do without the contributions my wife has made to making my life easier, and in general keeping the more administrative aspects of life under control. If you were to divorce would you find it reasonable for her to get 50%? Because I would seem as tho she gave up (willingly in support of you) a career for you. And after div…

Seems reasonable to me she would get the 50% from during the marriage, but nothing after. Most people agree to share resources from during the marriage, not after the marriage. If the bread winner owes alimony, then the house-maker should owe maid service or something, but yet you never see that in the court order.

I think you have a flawed mental model of alimony. Try modelling it more like a severance package. Should you keep working for your employer after they've terminated the employment agreement, but agreed to give severance? The universal answer is a resounding 'no'.

Re: New divorce app to help couples split assets in New York without lawyers

#96
This is slightly tangential, but I went through a no-prenup divorce. My intentions were good in not wanting a pre-nup, but I’ve changed my advice for a reason that surprises a lot of people.

The reason I now advise folks to do a pre-nup is that when things are getting tense, everyone feeling insecure about their future actually increases the pressure and therefore the possibility of a divorce.

Write your pre-nup however you want, but save yourself the possibility of huge additional and unnecessary stress/uncertainty at a time when the relationship can least afford it.

Re: New divorce app to help couples split assets in New York without lawyers

#97
post #71

I've gone through a divorce that went through the courts. I've also gone through mediation that was required by that court. For unrelated matters, I've gone through mediation, court proceedings, expert witness testimony, etc. My first advice is to never go through a court proceeding when it can be avoided. My second advice is to speak to a lawyer - early - to preserve your rights and those of your children. That's no…

[deleted]

Re: New divorce app to help couples split assets in New York without lawyers

#99
post #98

I watch my parents spend more money on lawyers than either of them stood to gain from winning. Is it possible to have a prenump that declares a fair method of splitting assets and prevents the lawsuits?

Yes, it's called postnup. You do a prenup and after marriage do a postnup. This pretty much binds contract in stone since partner accepted the terms even after the marriage contract was in motion.

All in all marriage seems like a lot of contracts for no good benefit.

Re: New divorce app to help couples split assets in New York without lawyers

#100
post #95

Earlier quoted context omitted.

Seems reasonable to me she would get the 50% from during the marriage, but nothing after. Most people agree to share resources from during the marriage, not after the marriage. If the bread winner owes alimony, then the house-maker should owe maid service or something, but yet you never see that in the court order.

I think you have a flawed mental model of alimony. Try modelling it more like a severance package. Should you keep working for your employer after they've terminated the employment agreement, but agreed to give severance? The universal answer is a resounding 'no'.

I see marriage as an equal partnership, so if there is a post-marriage 'severance' (beyond 50/50 asset disposition noted above) it would be bilateral (bread winner gives money to home-maker, home-maker gives maid/home-making service to bread winner). Seems cleanest at all just to cut ties though.
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