My husbands attorney put in our separation agreement that if my spouses income falls below $90,000 he can submit a W-2 and request a modification. This clause was NOT in the first agreement that was drawn up. Is this standard. I would argue, he is 1 person , while I have 2 kids, and a W-2 I don’t think would reflect bonuses , severance, unemployment, and 2 years of vacation pay. Any advice is greatly appreciated. I don’t want to sign something I regret.
Some people agree that alimony will be non-modifiable and some agree to modification provisions and triggers.
If you are not opposed to alimony being modified, you can ask that the separation agreement include that your husband shall provide all sources of income, not just a W-2 upon some modification-triggering event.