Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Thanks for the quick responses.

All I can say is Wow. This is ridiculous. I cannot actually believe that I am considering divorce for tax reasons.

But I do anticipate our incomes to be around the same range ($350/$250) for the next five years or so, and some years it will likely be higher (we have some in-the-money stock options vesting which we were anticipating exercising). So if the tax difference is $20K+ a year, over the next 5 years that is $100K or so. I can do a lot with that amount of money. You know, like put a kid through college.

Just to add some color to the discussion. My wife and I are in our upper 40s. We met in college and will be married 24 years. We have three children, two in college and one in high school. We are very happily married. We are both in technical fields. Our jobs pay well but are both challenging and the situations somewhat volatile. That is, while I expect us to be similarly employed in five years, I would not be awfully surprised if one of us was out of work either (become fed up and walk, or company politics forces a change, for example). We live modestly compared to our means and have considerable savings. I don't think any of our friends and only a couple of family members know what we earn. We have a living trust. We were discussing retiring at 55 or so. We live in California.

So should I be speaking to a lawyer about the possibility of a quiet divorce, and setting up a trust instead? No one would need to know. What do gay couples do? I cannot believe that I am considering this. When we got married I had to sell my car to buy the engagement ring.

Samuel Clemens
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.