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Newest Member: JRconfused (45363)

Divorce/Separation Post Reply     Print Topic    
User Topic: Imputed income, what are my options?
Acer0112
♀ Member
Member # 43241
Default  Posted: 7:02 AM, June 5th (Thursday), 2014View ProfileEdit MessagePrivate MessageHomepage

Short recap, WH and I heading back into mediation today. down to a few main sticking points. Car loan, funds used on affair, my healthcare, imputed income for 2015 forward.

The topic of imputed income....I used to work before children, the last five six years I've been working part time at home. I did more than usual last year so our calculations will be based on last years salary. Not even close to that number for this year do to extra circumstances, but ok.

WH is fine with this amount being used for the remainder of this year for support payments and child support, assuming we begin payments as soon as we can, but wants to plug in an imputed income that will start in January.

My concerns, I have no idea what I can land being out of my industry for 13 years. I'm actively looking, had a few initial interviews but nothing so far working out. So I'm trying, but know this is going to take a few months at least.

I suggest not plugging in imputed income, but that we set a date to recalculate in 2015, in January even, with me full knowing I have to land a good job by then. I just would feel better not putting in a guessed number.

Do I have negotiating room here? The meditator sounded like she wanted to use an imputed amount as well. My questions, when a spouse decides to not work, can the other person then request a recalculation with imputed income? If it's a voluntary choice? I feel like I'm in good faith here, I'm looking, I'm not choosing to not work full time anymore.


D-Day 1/24/14
D-Day2 04/08/14, false R
17yrs married, 23yrs together
Two kids 13, 11
Divorced 10/2014

Posts: 201 | Registered: Apr 2014
Compartmented
Member
Member # 29410
Default  Posted: 7:32 AM, June 5th (Thursday), 2014View ProfileEdit MessagePrivate MessageHomepage

I suggest not plugging in imputed income, but that we set a date to recalculate in 2015, in January even, with me full knowing I have to land a good job by then. I just would feel better not putting in a guessed number.
I think this sounds reasonable. The job market has not improved that much, has it? You've been out of work for awhile, so calculate the cost of education to get back to where you need to be, and ask for that. If the mediator wants you to put an imputed number in, pick something that represents what you could get right now, minimum wage, part time? And make sure that your education expenses are part of the calculation.

Once you agree, you are hard pressed to change things, so don't agree to what you aren't sure you can do, you know? I think if you are offering to recalculate when you get employment, which would be say, nine months after you complete the schooling, that's good.

I'm not an attorney, so this is just what I would hope for you!!!! You can always ask for more than what you would settle for and then meet in the middle. Just don't start too low.


Posts: 1275 | Registered: Aug 2010
Dreamboat
♀ Member
Member # 10506
Default  Posted: 9:19 AM, June 5th (Thursday), 2014View ProfileEdit MessagePrivate MessageHomepage

If he insists on this, then you insists that minimum wage be used because that is the only type of job that you are guaranteed to get. Even if you got a job in your industry, it would not be at the same level or income as before you left. You would be entry level. But even using that number, you are not guaranteed to be able to find a job in your industry. The economy is getting better than it was, but it is still tough to find a professional job.


And it's hard to dance with a devil on your back
So shake him off
-- Shake It Out, Florence And The Machine

Posts: 17688 | Registered: Apr 2006 | From: A better place :)
Kajem
♀ Member
Member # 36134
Default  Posted: 11:11 AM, June 5th (Thursday), 2014View ProfileEdit MessagePrivate MessageHomepage

Are you planning on working full time?

If so impute your pay at 40 hours x minimum wage.

In some states the formula used is bizarre. A number to drop in the equation is needed, give one. Give the lowest one you can give, once your making more money it can be adjusted without going to court- once you both agree.

Hugs,
K


I trust you is a better compliment than I love you, because you may not trust the person you love, but you can always love the person you trust. - Unknown
Relationships are like sharing a book, it doesn't work if you're not on the same page.

Posts: 5279 | Registered: Jul 2012 | From: Florida
Acer0112
♀ Member
Member # 43241
Default  Posted: 11:12 AM, June 5th (Thursday), 2014View ProfileEdit MessagePrivate MessageHomepage

Thanks for the feedback - this is going to be the heated discussion along with him paying me for the A money spent - I know what amount he is asking to input for income - I understand he feels like it protects him if I decide to be a slacker - but I'm not, I'm looking, and I need money to live - I'm not going to take the first thing, it's got to be the right opportunity and he knows that and agrees. I just don't want to put something in there for income without really knowing for sure. Today is going to be a rough day.


D-Day 1/24/14
D-Day2 04/08/14, false R
17yrs married, 23yrs together
Two kids 13, 11
Divorced 10/2014

Posts: 201 | Registered: Apr 2014
Topic Posts: 5

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