Hi All, just trying to get some advice going through early stages of separation and tried to get everything agreed between us. We are as amicable as you can be but the manipulation which I didn't see when married has now started to come into play! I have sought initial legal advice but that was on the view we would agree with what I feel was reasonable items but obviously, that's my biased opinion.
Scenario 1 - School Fees
Me (Dad) - works FT and has an income of $180k incl super + $55k variable bonus (sales and performance)
Other Party (Mum ) - works FT and has an income of $200k incl. super plus i think a 20-30% bonus
One child has been in private school since pre-k and is now just entering year 1 and we both signed enrollment for our other child to go from Kindy in 2022. My view was the kids should continue with the expected schooling. We don't have any major debts apart from small car loans which will be cleared soon. Rough calculations suggest that the other party would have $4k left per month and i would have $3k not taking into account the bonus, and we would look at a selective school (free!!) in year 6/7 or a scholarship. The other party is now saying she wouldn't be able to afford school fees and wants to remove the older child and not go ahead with the younger child. The older child is very anxious but also high performing so the changes to living arrangements will be impactful and i don't feel school changes are beneficial and required.
Regarding the split of cost - my first position is that each year we look at our tax returns and divide the following based on last years income or fall back to 50/50. Its also
What what I have read and the income levels it would be pretty clear cut.
____________________________________________________________________
Scenario 2 - Co-parent time
My view of shared time is 2-2-2-2 nights for the 2yr and 5yr old. We both work full time but I do have more flexibility in my working day vs the other party. She is asking for a 2-1-2-2 but this would probably mean more changes and misalignment with the 5-year-old causing them to either separate or have less time with one parent. My initial consideration was 2-2-3-3 but considered 2-2-2-2 was a compromise but now the other party is just digging away for small wins. From the research, I completed a lot of the primary carer studies are based on a single child family with no siblings, before separation the child lived primarily with the primary carer and also no consideration for 2 FT working parents.
If anyone could shed light on these two scenarios and what would the likely outcome be as I feel I am being reasonable and fair in my requests.
Scenario 1 - School Fees
Me (Dad) - works FT and has an income of $180k incl super + $55k variable bonus (sales and performance)
Other Party (Mum ) - works FT and has an income of $200k incl. super plus i think a 20-30% bonus
One child has been in private school since pre-k and is now just entering year 1 and we both signed enrollment for our other child to go from Kindy in 2022. My view was the kids should continue with the expected schooling. We don't have any major debts apart from small car loans which will be cleared soon. Rough calculations suggest that the other party would have $4k left per month and i would have $3k not taking into account the bonus, and we would look at a selective school (free!!) in year 6/7 or a scholarship. The other party is now saying she wouldn't be able to afford school fees and wants to remove the older child and not go ahead with the younger child. The older child is very anxious but also high performing so the changes to living arrangements will be impactful and i don't feel school changes are beneficial and required.
Regarding the split of cost - my first position is that each year we look at our tax returns and divide the following based on last years income or fall back to 50/50. Its also
What what I have read and the income levels it would be pretty clear cut.
____________________________________________________________________
Scenario 2 - Co-parent time
My view of shared time is 2-2-2-2 nights for the 2yr and 5yr old. We both work full time but I do have more flexibility in my working day vs the other party. She is asking for a 2-1-2-2 but this would probably mean more changes and misalignment with the 5-year-old causing them to either separate or have less time with one parent. My initial consideration was 2-2-3-3 but considered 2-2-2-2 was a compromise but now the other party is just digging away for small wins. From the research, I completed a lot of the primary carer studies are based on a single child family with no siblings, before separation the child lived primarily with the primary carer and also no consideration for 2 FT working parents.
If anyone could shed light on these two scenarios and what would the likely outcome be as I feel I am being reasonable and fair in my requests.