My ex has filed pro se for a reduction in alimony because his income has been reduced by approximately 40%. My child support ends when our youngest enters college this fall. He will be paying for both sons’ college expenses and his motion states that he cannot continue to pay me at the same level due to reduction in income and paying for college.
When our house sold, as part of the property division, he got the proceeds of the sale of the marital home. (I received other assests as part of the settlement.)
Is a judge’s decision to modify alimony based on income alone (tax returns), or income AND what is in the bank? If his income has been reduced by 40% but he has, say $50k in savings in the bank from the sale of the house, does the judge take that in to consideration when making a decision, or is that $50k considered off limits as it was gained from the sale of the home which was settled during the property division.
I was a SAHM before and both sons were in high school. Now, I am currently employed and earning an income. Is that taken in to consideration?
Finally, he used some of the money from the proceeds of the sale of the marital home to purchase stock options that were about to expire. Do I have any claim to those (i.e. can I ask for the property distribution to be reopened)? As part of the property distribution, he conceded other assets to avoid relinquishing his stock options.
Thank you in advance.