not an attorney
Try to think of as many “what ifs” that could affect the agreement. In my situation, my ex was a high level executive, but he had lost his job. We structured the agreement so that he’d pay a base amount for anything up to 100k, then 30% extra towards child support for anything over that amount. As I was concerned about periodic lags between jobs, as he had a habit of going from one unstable dot.com to another, I had it worded that any missed payments due to unemployment would be tacked on to the end of the child support term (rather than him going to court and being allowed to pay $50 or some meager amount).
We have different provisions for visitation if he’s within 50 miles or outside 50 miles.
We have a provision that he will pay for 1/2 college if he’s making average of 150k for 5 years prior to college (I would have changed language on this, and included other options so it wasn’t all or nothing…if he makes 140k year for the next 5 years, he gets off the hook entirely…)
With the house, I probably should have thought through other options. He was to give me the house and it was given a 0 value, as we assumed I’d break even upon selling. With the market the way it was, it took 2 years to sell and I took more of a loss than anticipated. Ex was also unemployed – so, with me keeping the house, I was still responsible for making mortgage payments despite not getting child support or alimony for over a year. In hindsight, I wish there would have been an “out” so that I could have allowed the house to go into foreclosure without hiring a lawyer and going to court. Luckily, my family was in a position to pay for the house until I could sell.
Anything you don’t have clean language on or haven’t outlined a contingency plan for, it will cost a ton of money to go to court and change later.
Really think through all YOUR specifics and what if type situations…nobody can really help you with all that, as only you know what situations will apply to your life.
Best of luck!