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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

#211

Earlier quoted context omitted.

Have you ever been through a divorce? Splitting assets equally is an after thought for most folks. They (or the one that filled) just want to get the thing over with, quickly, and a lawyer makes that happen.

This doesn’t sound right at all. The classic story is “he/she took me to the cleaners”, fighting over every possible asset, being forced to sell a house or property you don’t want to because the spouse demands half. I don’t know the frequency but it happens. My own parents fought hard over the house in particular and my mother ended up having to buy my father out at a huge loss to avoid selling it.

Many people live near their means. It makes sense that doubling costs like housing, property taxes, and utilities would likely require downsizing or hard choices.

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

#213
post #146

Earlier quoted context omitted.

Then you have to pay more in taxes, having kids is more challenging, getting a mortgage becomes more expensive, immigration becomes impossible, and in some countries even travel becomes difficult.

"Then you have to pay more in taxes" How? Taxes for couples are generally just doubled. You can actually save on taxes by not being married and maneuvering who claims what (house, dependants, etc).

Taxes are generally Progressive actually so the overall rate is higher for one person then two splitting.

Some major tax deductions like the mortgage deduction are per person as well, so two people with a shared income get twice the deduction as one person with an income

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

#214
post #133

Earlier quoted context omitted.

Simpler option is to avoid marriage, greatly reducing the pressure on getting a divorce.

If you intermingle finances or kids or property ownership then you have all the problems of a divorce except no legal framework to handle them in. Which makes for an even worse splitting process rather than a better one.

Right, you potentially miss out in cases that can really matter (e.g. power of attorney, things related to children) and you might find you fail to avoid the things you’re trying to avoid (e.g. governments/courts giving some recognition to long-term relationships)

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

#215
post #188

Earlier quoted context omitted.

Because it's the state using it's monopoly on violence to interfere with the intimate lives of private citizens. The government doesn't have a right to tell you which consenting adults you can be in a relationship with or have sex with, which is what interfering with divorce is trying to do. If the state wants to protect children, then it can focus it's efforts on that and maybe start by not trying to force people wh…

> Because it's the state using it's monopoly on violence Divorce is itself an instance of the state’s “monopoly on violence”. A state agent (a judge) will decide on issues such as property and custody, and then the state’s “monopoly on violence” will be used to enforce that judicial decision. “At gunpoint” even. Or else, the parties may reach an agreement, a settlement - coerced by the threat of a judge deciding it i…

If you despise the violence the state used to make you and your father miserable, the consistent position would be to advocate for doing away with the state's monopoly on dictating the terms of marriage (and, consequently, divorce) in the first place.

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

#216

Earlier quoted context omitted.

> Because it's the state using it's monopoly on violence Divorce is itself an instance of the state’s “monopoly on violence”. A state agent (a judge) will decide on issues such as property and custody, and then the state’s “monopoly on violence” will be used to enforce that judicial decision. “At gunpoint” even. Or else, the parties may reach an agreement, a settlement - coerced by the threat of a judge deciding it i…

If you despise the violence the state used to make you and your father miserable, the consistent position would be to advocate for doing away with the state's monopoly on dictating the terms of marriage (and, consequently, divorce) in the first place.

> the consistent position would be to advocate for doing away with the state's monopoly on dictating the terms of marriage (and, consequently, divorce) in the first place.

Maybe, but that's not the pragmatic position. In foreseeable future, it's unlikely that you can decouple marriage from the state's legal understanding of it.

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

#217

Earlier quoted context omitted.

"Then you have to pay more in taxes" How? Taxes for couples are generally just doubled. You can actually save on taxes by not being married and maneuvering who claims what (house, dependants, etc).

Taxes are generally Progressive actually so the overall rate is higher for one person then two splitting. Some major tax deductions like the mortgage deduction are per person as well, so two people with a shared income get twice the deduction as one person with an income

"Some major tax deductions like the mortgage deduction are per person as well"

This doesn't sound right.

"so the overall rate is higher for one person then two splitting."

That depends if that one person is the higher or lower earner. This statement really only works if you have two unequal salaries. Since it's progressive, you're only paying the higher taxes on the amount that is over the threshold.

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

#218

Earlier quoted context omitted.

Taxes are generally Progressive actually so the overall rate is higher for one person then two splitting. Some major tax deductions like the mortgage deduction are per person as well, so two people with a shared income get twice the deduction as one person with an income

"Some major tax deductions like the mortgage deduction are per person as well" This doesn't sound right. "so the overall rate is higher for one person then two splitting." That depends if that one person is the higher or lower earner. This statement really only works if you have two unequal salaries. Since it's progressive, you're only paying the higher taxes on the amount that is over the threshold.

>This doesn't sound right

I don't know what to tell you. The code is pretty straightforward. You can deduct the mortgage interest on 375 k per person. You get twice the tax deduction with two people as one.

Regarding the general taxes you are correct in that it only helps if you have two people in different tax brackets. This is extremely common

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

#219

Earlier quoted context omitted.

> Because it's the state using it's monopoly on violence Divorce is itself an instance of the state’s “monopoly on violence”. A state agent (a judge) will decide on issues such as property and custody, and then the state’s “monopoly on violence” will be used to enforce that judicial decision. “At gunpoint” even. Or else, the parties may reach an agreement, a settlement - coerced by the threat of a judge deciding it i…

If you despise the violence the state used to make you and your father miserable, the consistent position would be to advocate for doing away with the state's monopoly on dictating the terms of marriage (and, consequently, divorce) in the first place.

What exactly are you advocating here? Anarcho-capitalism? The state outsourcing marriage and divorce law to religious groups (as is done in Israel or Lebanon, for example)? “Marriage privatisation”?

If we accept the reality that a “monopoly on violence” is the very definition of “the state”, it isn’t unreasonable for people who feel harmed by the state exercising that monopoly in particular ways, to call for it to be exercised differently.

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

#220

Earlier quoted context omitted.

The first one is a very common technique among siblings too, let one of them split a cake and the other one gets to pick the piece. Applied game theory.

Do you happen to know what this is called in game theory? I’d like to read about it.

Seems like a subset of the prisoners dilemma.
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