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Freddy and Carl are getting divorced after a lengthy marriage. Most of the household income comes from two patents that Freddy holds when he was
Freddy and Carl are getting divorced after a lengthy marriage. Most of the household income comes from two patents that Freddy holds when he was employed with a pharmaceutical company. Both agree to settle the divorce amicably. Carl asked Freddy for $2,000 per month to cover his expenses while he returns to school and finishes in bachelor's degree in biology. Freddy agrees, especially since he can afford it, but he rejects Carl's offer of receiving half of the home's equity. Carl consults with you, and you state that ______________. Question 2 options: a) since Freddy earns more than him, it would not be equitable for Carl to receive alimony plus one-half of the home. b) he could receive rehabilitative alimony, but that would result in waiving his interest in the home because Freddy paid more than 90% of the household expenses. Also, by receiving rehabilitative alimony, Carl is taking steps towards financial independence, so Carl would need to decide and calculate if the home's equity exceeds the amount received in monthly support. c) the general rule is that Carl would be entitled to half of the home's equity regardless of the contributions during the marriage; unless Freddy used pre-marital funds to purchase the home, then it would not be an equal division of the equity. d) alimony and asset division are synonymous. Thus, he would not be entitled to both to avoid an inequitable result
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