Originally Posted by
Stung Good grief. I had no idea that it was open ended.
In that case, I'd highly consider negotiating to have him sign away his rights. How does the calculation for spousal support work? Would it be a significant amount that you'd have to pay monthly? Also, keep in mind that alimony is tax deductible, at the very least. I'd talk to a CPA to do a risk vs reward analysis on present vs future values of paying him off now vs paying spousal support for 9 years.
The calculation for support has a lot of variables, but the formula for temporary spousal support is, in general, 40% of supporting party's income minus 50% of other party's income.
That is a very good idea about the CPA and present/future values. I'm going to call him tomorrow and sit down and do just that. Thanks!