Hi folks - thank you for the service you provide!
My wife’s ex-husband still owes a sizable amount of money (over $300k) from their equitable distribution as documented in their original 2006 separation agreement. Soon after the divorce he lost his business and refused to pay although he was still supposed to be making payments. My wife hasn’t pushed the issue and basically has forgotten about it which obviously is not OK with me. My questions:
- If she wants to maintain her rights to that $ in the future will she have to file anything with the courts now? Or is the original separation agreement enough?
- Is there a statue of limitations on his legal responsibility to pay? If so, when?
- Could we file a judgement against his estate even if he has a Will?
- Does interest accrue for ever year he doesn’t pay?