Re: Dead end cul-de-sac
JB: Depends on the state. And depends on relative earnings.
Sounds like OP makes not so much more than his wife, who works and makes a good income. That is very different than where the man earns 90%+ of the combined income and wife has been SAHM for many years. In my state, with a breadwinner and a SAHM who divorce after 20+ years, the wife gets permanent lifetime alimony. But sounds like OP would get close to 50% split.
The hard part comes with closely-held business. Easy to divvy things up if both spouses are employees who make W-2 income. If you own a business report on Schedule C and income varies greatly year to year, can be very hard to agree on what the business is worth or how much alimony the business owner can afford to pay. If main support came from owning / licensing a bunch of Blockbuster video stores, and you got divorced in the late 1990s or early 2000s, you probably ended up wiped out when they lost all their value a few years later.
When you can see it coming, duck!
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