Greetings. Yes, the payments to you for the negative equity in the car can be worded so that it is not alimony. Alimony would be taxable income to you. You may need to consult with an attorney though to help you draft the language correctly.
It does not matter what the payments are for, or what his family think. It only matters that the two of you can amicably agree on it. I would not put any language in the agreement to support any “point of view” as this is not the legal purpose of a separation agreement and property settlement.
Finally, there is really no such thing as a simple and straight forward separation agreement. I am sure that the agreement contains paragraphs which you do not clearly understand or which you need to have explained further. If this is the case, I suggest that you have an attorney review it with you before you go any further. We review agreements for people over the telephone if they can e-mail or fax the agreement to us first. Best of luck.
Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.