I own my own business. I have had to reduce my salary by 50%. Will likely have to close office and work from home in near future. My ex does not work, although is perfectly able. Sometimes substitute teaches, but has refused to look for full time work. I paid for her to complete a nursing degree which she quit right before taking the boards. Although I have some rental income, alimony takes about 80% of the salary from my business.
We have 3 kids: one college grad on her own now and twin 16-year old boys we co-parent (week on, week off.) I do not pay child support, but I do pay all education, medical, dental and insurance for all 3 the children.
Can I reduce my alimony under these circumstances without being in breach of contract, which vaguely states alimony for life or cohabitation, etc.?
Thank you so much.