The absolute worst divorce settlement ever

Original Agreement

Settlement Agreement 12/01/2011

  • Child Support $3,575.00
  • Equitable Division $5,623.93 / 67,487.16  (15 years – 2026)
  • Pay Car note (Enclave – Est $900)
  • Car Insurance

Side Agreement

  • Pay 215 Windsor $3,000.83/mo
  • World Point Visa $200 per week
  • CapOne
  • Health Insurance $420.21mo / 5,042.52yr (for family of 6)
  • DirecTV
  • Taxes $8,000yr
  • HOA $670yr
  • Car tag
  • Netflix

Prior to Modification, Total Monthly Obligation: $15,660.97 / $187,931.64yr

08/26/2015 From Laura Melson

  • Windsor Cove sold for $800k with 12,554 in seller paid CC. Closed on 6/22/15.
  • Milton Court sold for $275k with 2,358 in seller paid CC. Closed 7/24/15.

Other notes

  • Nicole profited roughly $18,000 from the refinance of the house
  • Prior to divorce and tax filings I shared 50% of my tax return for a couple of years when there was a refund
  • After divorce and tax filings, she got refunds totaling $7,360.92 for 3 years
  • She kept all the proceeds from the sales of personal items from 215
  • She netted at lease $550,000 from the sale of 215 Windsor Gate Cove

Divorce Rant Part 1

Always use council to represent you!

I made the crucial mistake to not be represented by council during my divorce negotiations and have been paying, literally, for the final outcome ever since and until December 2027.

Gentlemen, under no circumstances should you ever represent yourself. You should always strive to settle with Child Support and possibly Alimony/Spousal Support. Avoid terms such as Equitable Division of Property OR Business Buyout.

Make sure you use and state your income in the appropriate forms and remember, the national average is 20% of gross income. Never go higher than that!