Yep it calculates alimony payments (called spousal maintenance in NY). It's based on income, length of relationship etc. In NY, you can actually negotiate out of alimony (eg trade it for some more assets).
thank you - I hope so too. When people are separating and fighting over kids, that can get intense too. This tragic story has stuck me for a long timehttps://nypost.com/2021/11/26/texas-man-shoots-partners-ex-a.... If people understand their rights better, they can avoid taking things into their own hands.
In my experience, it’s less about knowledge and more about emotional regulation - lack of it is often why it happens, and why it is so hard to deal with overall.
> Insert a gun into a frustrating situation for no reason
IMHO that's the main reason everyone having a gun with zero training is one of the stupidest things ever. People are dumb, people are brash, people make mistakes, people argue over everything. Why introduce a lethal component to every confrontation and bar fight? Because a piece of paper written 200 years ago says that it will be needed to protect the country doesn't really sound like a good enough reason for all the useless deaths.
Gun ownership can be done well, with most people being minimally restricted. I really don't see why psycho-tests and some minimal level of gun manipulation skills shouldn't be a prerequisite. I mean do you want to live around a person who can't pass that but bought yesterday AR-15 with ten 40-round magazines and 2000 bullets?
But gun owners in US have this knee-jerk end-of-the-world reaction at any attempt to change anything, regardless of all the school shootings and overall ridiculously high murder rate. Tunnel vision that guns are the most important thing in the world and who doesn't restrict them is the best politician.
I lean in my opinions more towards right but due to this I would never ever be republican if I were in the US. Voting for the same people as vast amounts of bible belt gun nuts whose wet dreams are mostly about their property being invaded by some thugs (or anybody really) so they can finally defend themselves with one of the 50 guns they have mostly for this purpose, and the spend significant amount of time and money on preparing exactly for this scenario... that would be insulting.
I really shouldn’t have clicked the article, honestly. I have become so desensitized to everything on the internet at this point, but something about parents always makes my heart ache so baddddd. I totally struggle to not to insert my own mom or dad. It’s just tragic.
I really cannot comprehend why there is no punishment for things like that.
Sure, was he at risk of the other person grabbing the gun? Probably. But why did he have to unnecessarily bring a firearm into a heated and emotional argument in the first place? What was supposed to happen?
It feels so psychotic to me, like taunting someone with the intention to bait them into their death. Those kids lost their parent for no good reason :(
We want to target people who are amicable (to start with). Definitely not anyone who is contentious. Hoping to expand to contentious divorces in the future of course (and help people actually negotiate without a lawyer). I would love the system to give prompts to people on whether they're asking for too much or if they're in the ballpark.
If you're amicable, there is still a lot of benefit in checking whether what you've agreed to divide with your spouse is fair from a legal perspective. You could be giving too much away. Eg. If you had a retirement/pension fund before the marriage, do you want to split that equally down the middle - no. You'll be entitled to keep a bigger slice of that (but you may have to give some away of course). Same with any other assets you had before the marriage, or inheritance you received during the marriage, or if you’ve used pre-marital funds to buy assets during the marriage. All these things could move it away from a 50/50 split.
Monetising will be the next step. We just want to figure out if this is useful for people first.
We have a few ideas, eg once Resolvy gives you the information (or prepares the divorce documents) we can advertise attorneys who can check everything for you to make sure it’s correct. We'll try keep it a free service for as long as we can (and figure out revenue models from businesses)
Thanks for the reply - this all makes sense, though I might considering changing the way you message it a bit. If you pitch it as a tool to check whether what you've already agreed upon is fair, then you potentially cause conflict if your assessment says the agreement isn't fair. Rather, it might be better as a starting point - if you don't know how to divide your assets, this tool will tell you what the law would default to, and then you can adjust from there.
We just launched Resolvy. It helps anyone going through a divorce understand what portion of the assets they can keep, and what portion is to be divided with their spouse. Deals with child support and alimony too. Currently only works in New York. Free to use. Can save Anyone going through a divorce in New York on legal fees.
Have you ever been through a divorce? Splitting assets equally is an after thought for most folks. They (or the one that filled) just want to get the thing over with, quickly, and a lawyer makes that happen.
I have not personally (still happily) married. My cofounder went through a divorce. He is a divorce lawyer (and his wife at the time a lawyer too). They divided everything smoothly - sounded like it was quite clinical and unemotional from what he told me.
Say if you brought assets into the relationship, a house, retirement fund fund, an inheritance. I’m sure you don’t want your ex-partner to get half of that. You’re entitled to keep a larger portion of it (as you get a credit for it). So our app helps people understand that better.
Some people who split everything equally may be giving more away than they should.
This is our version one. I have no idea how it will evolve.
But yes, if you want it done quickly - a lawyer is better at this stage.
> You’re entitled to keep a larger portion of it (as you get a credit for it).
Doesn't this depend on if you have a pre-nup especially in states like CA? I got married super early and had to divide everything equally even though I earned much more than my spouse.
Not in NY, an “equitable distribution” state. Our mediator informed us that my wife was entitled to maybe 10% of my ipo stock since she didn’t sacrifice or contribute to it (I had a normal salary). Sounds like ny is an exceptionally fair state!
Wow...that does sound quite exceptional. My wife got 50% of all my RSUs and all other equity I earned throughout my career. Nothing I could do about it since it was earned during our marriage and that's the law in CA.
California is a Community Property state, New York is not.
The rules in Community Property states is marital assets have to be divided equally (50/50) in non-Community Property states they must only be divided up "equitably."
Most states with historical ties to Spanish civil law are community property, and a few oddballs too. IRS (U.S. federal tax agency) Publication 555 explains a lot of the basics of community and separate property, including how taxation works in case of divorce. (It is not specifically about divorce, however).
As you can see this represents a large percent of the total U.S. population.
Arizona.
California.
Idaho.
Louisiana.
Nevada.
New Mexico.
Texas.
Washington
Wisconsin
Also, "The states of Tennessee and South Dakota have passed elective Community Property Laws."
I believe if you earned during the marriage that’s marital property unless otherwise agreed in a prenup (maybe some states are weird but I think that’s the norm). The scenario is more like owning the house you live in before the marriage, then using marital proceeds for stuff like maintenance and taxes. The increase in value since the marriage might be considered shared, because you both contributed towards it.
This doesn’t sound right at all. The classic story is “he/she took me to the cleaners”, fighting over every possible asset, being forced to sell a house or property you don’t want to because the spouse demands half. I don’t know the frequency but it happens. My own parents fought hard over the house in particular and my mother ended up having to buy my father out at a huge loss to avoid selling it.
Divorce does force people to make tough choices. Both people are entitled to a share of the assets they jointly accumulated over time, separate their finances and make a fresh start independently. Keeping or selling the house (the biggest asset) is a hard decision. Selling often means disrupting the lives of the children etc. If property has negative equity, then it becomes even more challenging. In NY, couples can enter into an agreement where they keep joint ownership of the house for a while (eg until the kids grow up). This can only work if they’re amicable. Lots of people don’t want to continue holding a joint mortgage with their ex-partner, so it’s often a decision between sell the house or one person taking over the mortgage.
Many people live near their means. It makes sense that doubling costs like housing, property taxes, and utilities would likely require downsizing or hard choices.
