Should I Use Estimated, Actual or Proposed Expenses On FL-150 Income & Expense Declaration?Thursday, November 16th, 2017
Hi, Tim Blankenship here with divorce661.com. In this video we’re talking about the FL 150, particularly on page 3 related to your expenses.
When we do our amicable divorces I’ll say 80 percent of the time, maybe not that, maybe 70, 60 percent of the time the spouses are still living together, and when that happens the question invariably becomes Tim, do we fill out our expenses as if we’re still living together or do we do it as a proposed expenses?
You’ll see there’s a couple of options, estimated, current or proposed. So if honestly you’re going through our service and it’s amicable and you guys are still living together, I usually just tell my clients just use your current expenses because the FL 150 is more of disclosure purposes. It only gets filed if there’s minor children. So it’s kind of irrelevant in that matter as far as if you are in total agreement with your spouse.
If you’re going to trial and it’s contested and you have a child you’re going to probably want to use a proposed expenses if you’re still living together because you’re going to want to show what your needs are if you’re going for, you know, after spousal support and child support. You want to, this is what my expenses are going to be post divorce so that can be taken into consideration.
So when it’s amicable if the FL 150 income expense is not filed if no children and if there are children it’s only used to verify the incomes for purposes of the child support concerns. So it really doesn’t make a difference when it’s amicable.
Only if it’s, if you guys had a trial and of course you don’t have an attorney at that point and I’m sure there will be explaining what and why you’ll be doing what you’re doing.
Tim Blankenship, divorce661.com. Hope you’re having a great day and we will talk to you soon.