RockyCali wrote:I sure hope there's some information eventually provided about how OP plans to be a terrific dad. I only read financial stuff.
First posts are commonly financial. I think mine was too.
Not a knock on the dad, but dads are in a tough spot these early days and trying to "solve it." And sometimes the financial questions, I'm guessing, are easier to define in those earlier days.
Start transferring money to a sibling every month...
Gift money to a parent?
Purchase Real Estate by my corporation out of state?
Most all of that can be sniffed out really easy and I'd say don't try it.
Stashing relatively small amounts of short-term petty-cash for immediate needs less easy to be sniffed. But the Enron-style thing is catchable and if caught, you'll lose a big chunk there.
Note 1: Impute
Both parents are expected to maintain a full time employment. Therefore, you'll beat the drum tirelessly that her imputed income equals $xx,xxxx. Base this on what she made before, what she made at the company, minimum wage...anything. But in any (and all) calculations and discussions, you never waiver from that message.
Note 2: Company Ownership
You owned it before, so she's not part of getting that.
(and this varies by state)
...for things that grow during the marriage (such as a house that you owned before the marriage, but the value grew during the marriage) there is a possibility you could face the idea that the growth of the value could be on the table as part of the split.
* Company before marriage = $1.2mil
* Company now = $1.6
* Then $400k on the table as a common asset
* So $200k to her in some form (cash, shares, Bon-Bons)
But yeah...that Joe-Pesci-Lethal-Weapon-2-laundering-thing...it's been tried a bunch.