Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Question:

My children primarily live with my ex-wife and I pay her child support per our child custody agreements.

Her boyfriend has now moved in and they are a cohabitating couple with dual incomes.

Do child support laws allow for a modification of child support if her boyfriend is now living with her?

Financial adviser Dan Danford takes a "back to basics" financial advice approach with this week's episode of Money Made Easy.

Danford said he is frequently approached with questions about savings from people faced with a mountain of debt or divorced dads looking for financial advice on divorce.

A common question he hears is:

"Why even bother to save at all? It seems like I’ll never be able to get ahead anyway, so why should I even try?"

Danford, CFP®, CRSP®, MBA, of Family Investment Center, says that saving and spending habits have more to do with personal discipline than level of income. He explains different ways you can save, how to use the Dan Danford eBay test, and more importantly, why you need to save money.

Question:

In our divorce and child custody agreement, I agreed to pay my wife alimony in the amount of 50% of my earnings for life.

Since the judgment was entered, I have lost my job so I want to modify the amount of alimony to reflect changes in my life situation, my income and my future inability to make these large payments

Even with only one child alimony payments were calculated for a very high monthly payment.

What are the chances of getting the stipulations of my divorce decree modified?

By Tara Lynne Groth

Special to DadsDivorce.com

Requests for advice on divorce typically start with the heavy hitters (child custody, division of assets, etc.), but not much further down the list are questions about the family pet.

Though you probably treat your pet with the same love as you would a person, in most states pets are regarded as property. (Read our related divorce article "Who Gets The Family Pet?")

If a pet was acquired before the marriage they remain the property of the spouse who purchased him/her.

Pennsylvania is one such state that sees a dog more or less as a piece of furniture; the state does not acknowledge shared custody agreements because those arrangements are not enforceable for property.

However, not all states see family pets as just another piece of property sprinkled in amidst a laundry list of furniture.

Question:

I am looking for financial advice on divorce in regards to a proposed property settlement from my wife.

She intends to keep the marital home. In exchange, she wants to trade home equity for my 401k on a dollar-for-dollar basis.

Since one is post-tax and the other is pre-tax, is there a formula for calculating or comparing the values?