New divorce app to help couples split assets in New York without lawyers • Hacker News Board

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

#221

Post by giantg2 » Sun, Jul 24, 2022, 12:38 AM UTC

s1artibartfast wrote: post #218

giantg2 wrote: post #217

Earlier quoted context omitted.

"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

So that's rely only applicable if your house is over $375k. It's not like if you pay $5k in interest that you deduct $10k.

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

#222

Post by moneywoes » Sun, Jul 24, 2022, 2:20 AM UTC

vasco wrote: post #133

benreesman wrote: post #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 howe…

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

One thing to note is a lot of places are common law

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

#223

Post by moneywoes » Sun, Jul 24, 2022, 2:26 AM UTC

xWJkCDrVQ2 wrote: post #134

My parents divorced recently. Watching two of the most important people in my life gradually grow to resent each other to the point where they can't stand each other's presence was hard for me even as a thirty year old. I can't imagine what this experience would have done to me as a child, so I'm thankful that they stuck together for as long as they did. In the end I was actually the one who suggested that they shoul…

Have you considered adoption?

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

#224

Post by moneywoes » Sun, Jul 24, 2022, 2:27 AM UTC

IG_Semmelweiss wrote: post #144

xWJkCDrVQ2 wrote: post #134

My parents divorced recently. Watching two of the most important people in my life gradually grow to resent each other to the point where they can't stand each other's presence was hard for me even as a thirty year old. I can't imagine what this experience would have done to me as a child, so I'm thankful that they stuck together for as long as they did. In the end I was actually the one who suggested that they shoul…

Part of the reason the divorce rate is so high is because people go into it without even knowing themselves who they are. If you don't know who you are, how can you make a reasonable assessment about what others bring to the table ? If you can't answer the question honestly: - What are your flaws - What are your strengths - What scares you - What has possibly scarred you - What is unacceptable to you - What is mandat…

> Don't marry, not right away. Have a relationship and live with someone you really respect.

Aren't there studies showing people who marry after to moving in together divorce a lot more?

I guess there could be lurking variables?

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

#225

Post by moneywoes » Sun, Jul 24, 2022, 2:28 AM UTC

verandaguy wrote: post #85

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…

was there no pmf?

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

#226

Post by pyuser583 » Sun, Jul 24, 2022, 4:07 AM UTC

giantg2 wrote: post #166

watwut wrote: post #114

Earlier quoted context omitted.

it is actually not. Courts tend to punish those if they don't believe them - accusing partner of abuse is fairly often how you get less custody. Restraining orders are not easy to get either. It can take quite a lot of fight even in cases where actual stalking and threats of violence are going on.

"Going in with a co-operative mindset (at least until the other party demonstrates they are not) should be win-win." Do you have a source for this? In my state, and many others, temporary protection from abuse orders against spouses are very easy to get just by saying the right things without any real evidence. Those stay in effect for a couple of weeks until a hearing. Then it's difficult to get them overturned unle…

Everything in America depends on the state you’re in, but that not my experience at all.

Once officialdom realizes there is a divorce in progress, they become much, much, much less inclined to take sides.

The general attitude is: “You’re going through a divorce. We aren’t going to take your word for it. If we didn’t see it, it didn’t happen.”

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

#227

Post by pyuser583 » Sun, Jul 24, 2022, 4:12 AM UTC

ransom1538 wrote: post #194

notch656a wrote: post #87

Earlier quoted context omitted.

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 only debtor's prison there is in the US is the one for people with The amount of people in county jail due to failure to pay child support is shocking. It is one of the best kept secrets in the jail system. The numbers are hidden since they are often bailiff arrests not integrated with sheriff stats [operates jails] under civil contempt. Once you are caught into this system and serve jail time you will most like…

There was a case near where I live where a guy with severe mental illness - not understanding where he was - was arrested for failing to pay child support.

Fortunately it encouraged reform.

But neighboring states still issue automatic arrest warrants, and out state is required to serve then even though we are disgusted by it.

It’s always: young, impoverished black male with a warrant from a neighboring state.

Many local police are disgusted by it. But they don’t have a choice: warrants are warrants.

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

#228

Post by notch656a » Sun, Jul 24, 2022, 4:24 AM UTC

pyuser583 wrote: post #227

ransom1538 wrote: post #194

Earlier quoted context omitted.

"The only debtor's prison there is in the US is the one for people with The amount of people in county jail due to failure to pay child support is shocking. It is one of the best kept secrets in the jail system. The numbers are hidden since they are often bailiff arrests not integrated with sheriff stats [operates jails] under civil contempt. Once you are caught into this system and serve jail time you will most like…

There was a case near where I live where a guy with severe mental illness - not understanding where he was - was arrested for failing to pay child support. Fortunately it encouraged reform. But neighboring states still issue automatic arrest warrants, and out state is required to serve then even though we are disgusted by it. It’s always: young, impoverished black male with a warrant from a neighboring state. Many lo…

They'll even imprison you for late child support if you were brutally and publicly held hostage overseas and physically have no possible way to pay. (the whole reason he was overseas was in part to perform contracting to pay his child support).

https://archive.seattletimes.com/archive/?date=19901216&slug...

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

#229

Post by s1artibartfast » Sun, Jul 24, 2022, 5:52 AM UTC

giantg2 wrote: post #221

s1artibartfast wrote: post #218

Earlier quoted context omitted.

>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

So that's rely only applicable if your house is over $375k. It's not like if you pay $5k in interest that you deduct $10k.

Correct. My mortgage is 750k+. single, I get a 15k tax deduction. If I marry someone, we get 30k tax deduction instead.

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

#230

Post by notch656a » Sun, Jul 24, 2022, 7:36 AM UTC

satyrnein wrote: post #157

notch656a wrote: post #132

Earlier quoted context omitted.

>That's not what alimony is. Yes I'm aware. I was specifically asked to model it as 'severance.' Most of the stay-at-home spouses I've met didn't give up work as a gift to their spouse, they did it as a gift to their children. Should children pay alimony to stay-at-home moms for the work opportunities their mother lost out on to take care of them?

Are you suggesting the father derived no benefit from the arrangement, that he continued to do half of the childcare, cooking, cleaning, shopping, etc?

Hey I can play that game too!

Are you suggesting the mother derived no benefit from the arrangement, that she continue to pay half the rent, health insurance, groceries, car insurance, gas, etc?

Personally, when my wife didn't work for over a year (more like two), it did fuck all for me. I paid all of the fulltime childcare, took care of the kid before and after school, and paid every single financial interest of my wife except her car insurance and phone bill. I can truthfully and honestly say in my personal situation I got nothing out of it. I paid for her because I love her and wanted her to have the same standard of life I have WHILE WE ARE MARRIED -- but I would be quite displeased indeed if my generosity in marriage is taken to mean I would be so generous after being ditched.