Meade v. Meade
A court can award two parcels of property to one spouse and order that spouse to transfer one of the properties to the other spouse, if that spouse is successful in removing the mortgage on one and taking the first spouse's name off the mortgage on the other within one year. The parties married in December 1985 and have five minor and two adult children. The husband has an earning capacity of $400,000 gross per year. The court ordered the husband to pay the wife alimony of $2,800 per week until Jan. 23, 2028, except if the wife passes away or the wife re-marries after Jan. 23, 2023. If the wife re-marries prior to Jan. 23, 2023, that will not affect the husband's obligation to pay alimony. The court ordered the husband to pay child support of $1,000 per week. The court ordered the parties to divide equally the costs of work-related daycare. The court granted the wife a "safe harbor," to earn up to $30,000 gross per year, without the wife's earnings constituting a reason to modify alimony and child support. The court ordered the husband to maintain $600,000 in life insurance, and to name the wife and the children as the beneficiaries, as long as he is obligated to pay alimony or child support. The court kept jurisdiction for the purposes of post-secondary education expenses. The court awarded the wife property in Kensington and Old Saybrook. The court ordered the husband to remove the mortgage on the Kensington property and to hold her harmless from the mortgage. If the husband removes the mortgage on the Kensington property and the wife's name from the mortgage on the Old Saybrook property, on or before Jan. 23, 2014, the court ordered the wife to transfer the Old Saybrook property to the husband. The court awarded the wife the Suburban sports utility vehicle. The court awarded the husband his business interests in Innovative Components. The court ordered the husband to pay $20,000 toward the wife's attorneys' fees and $15,000 toward the wife's expert fees.