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Last week we left off talking
about the equitable distribution of
assets and liabilities. The concept
of equitable distribution is
difficult to explain without
applying it to a particular set of
circumstances.
Let’s say you have been married
between 10 and 20 years, have a
couple of kids, and most everything
you own has been accumulated during
the marriage. Both you and your
spouse work. You own your house.
Okay, so you and the bank own your
house. Maybe your folks gave you a
little something which you used as
the down payment for the house.
Although each of you has good
employable skills, dad earns about
twice what mom earns. Who said life
was fair? Dad is really crazy about
the kids, but mom has been doing the
lion’s share of parenting since day
one.
Or, maybe mom hasn’t worked outside
the home since the first child was
born 15 years ago. Dad earns a good
salary, and when he retires in 15 or
so years, he will receive a healthy
monthly pension check, just for
waking up in the morning.
So what is a fair and equitable
settlement? Is fair and equitable
the same in each situation? Probably
not.
In the second example, mom has not
worked outside the home for many
years. She may not have an
employable skill. How will she
support herself and perhaps the
kids? If the assets are divided
equally-- and considering that dad
earns a good salary and mom does not
-- is that an equitable
distribution? What about dad’s
pension or retirement benefits? Any
suggest on how we should deal with
that?
What’s that you say, dad? What do
you mean I have to share my
retirement benefits with her?
Remember kids, I’m just the
messenger here. I don’t make the
rules, I just report them.
What about child support? Wyoming
has child support “guidelines” which
the lawyers and judges use to
estimate the amount of support
payable in each case. Here is a
little-known fact which I believe is
appearing in print for the first
time anywhere: the child support
guidelines were developed by a group
of sleep-deprived chimpanzees who,
for a period of three weeks, were
intravenously fed a diet of Jim Beam
and Hostess Twinkies, and then given
multiple-choice questions while
watching reruns of “Gillian’s
Island” and “I Love Lucy” through
3-D glasses.
I want to put your mind at ease,
though. Apparently, there is a very
high reliability factor in the
results because only chimpanzees
with five or more children were
selected for this project. (You
would not believe the divorce rate
among chimps. Personally, I think
hanging out in the trees and eating
bananas all day is harder on a
relationship than you might
imagine.)
I’d like to tell you that child
support is the one issue in every
divorce proceeding on which the
parents always agree. But I’d also
like to tell you that you just won
the lottery. I can’t do either. I
can accurately tell you that the
parent with whom the children spend
the majority of time will typically
receive child support, and you can
probably guess what the other parent
will typically do.
In just about every divorce case,
one parent says that the amount of
child support is way too much while
the other parent says it’s
outrageously low. How can that be? I
suppose that’s why they call it
child support.
So, how is child support actually
calculated? Our wonderful
legislators in Cheyenne-- with the
help of their wonderful legislator
friends in Washington -- have
developed guidelines for calculating
child support which they have
foisted on lawyers just so that
everybody will have yet one more
reason to hate us.
Let’s say you have three children
who live with their dad. Each parent
works at a job outside the home. We
first calculate the net income of
each spouse (which generally is the
gross amount of your paycheck minus
federal taxes), then add the two net
incomes together.
In our example dad has a net income
of $1,000 a month, and mom brings
home $2,000 a month. Their combined
net income is $3,000. Your lawyer
then slips on his 3-D glasses, turns
to the legislator-developed child
support chart, finds the section for
$3,000 combined net income, and
bingo -- there’s the answer.
The chimpanzees have spoken, and
they say that for a now-defunct
family of five, earning $3,000 a
month net income, it takes
approximately $750 per month to
support the children. Mom earns
66.6% of the net income, and dad
earns 33.3%. Mom then gets to pay
dad 66.6% of the $750, or a total of
$500 per month.
There are a number of factors other
than income which the guidelines
include for consideration in
calculating child support. They
include travel expenses to visit the
children, extraordinary
health-related medical costs, age of
the children, and others which may
be used to either increase or
decrease child support according to
each situation. Income of the
spouses, though, is by far the main
factor in determining child support.
We have touched on only a few of the
many issues which need to be
resolved before the divorce process
is concluded. There is a lengthy
laundry list of such things,
including scheduling of each
parent’s time with the children,
deciding what to do with the house,
dividing the personal property,
medical insurance for the children,
taxes and tax consequences resulting
from the division of assets and
liabilities, deciding whether to
establish a college fund, and more.
The divorce process can take a year
to complete. How can that possibly
be? And you thought lawyers got paid
by the word. We actually get paid by
the month. (Just kidding.)
The court calendar in Teton County
is such that it takes roughly six
months to get a date after a party
requests a trial. That’s a lot to
time to be spending in divorce land,
but you would be amazed how much
there is to deal with and to argue
about.
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