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[–]ocdscale 1185 points1186 points ago

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Without doing too much research, the news I've seen says she gets 70% of liquid assets, 40% of various ownership interests in companies, and a $3 million property settlement.

Depending on the value of the Bollea's property holdings, her take may be under 50%.

I.e., if they have $10 million locked up in property, she's only getting 30% of that.

It's complicated further because it appears that the value of their home is being split using a different method (any remaining payments under the property settlement get cut from the top, then the value is split 50-50)

[–][deleted] 1243 points1244 points ago

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Is anyone else surprised that Hulk Hogan was smart enough to invest the money he earned sensibly, rather than blowing it all in the late 1980s?

[–]lizard_king_rebirth 1439 points1440 points ago

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rather than blowing it all in the late 1980s?

Just so you know, kids, "on cocaine" is implied by "1980s."

[–]upvotes_bot 786 points787 points ago

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It's also implied by "blowing it all"

[–]FrankTheodore 495 points496 points ago

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How is blowing it all on cocaine not a good investment?

[–]Jamcram 338 points339 points ago

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I know right? The price has only gone up since then.

[–]mecrosis 547 points548 points ago

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Actually the price of coke has dropped markedly since the 80 due to growing popularity of more cheaply produced narcotics and of rx abuse. http://www.theatlanticcities.com/jobs-and-economy/2011/11/cocaine-plummeting-price-nationwide-drop-violent-crime/474/

[–]friedsushi87 586 points587 points ago

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Fuck you and your sensible research

[–]illusiveab 53 points54 points ago

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Well, my fun is ruined. Might as well go club OWS protestors with my golden pimp stick now and laugh.

[–]LordVoldermort 82 points83 points ago

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There goes my Zeta-401k

[–]randomclock 110 points111 points ago

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I read this in Bob Saget's voice.

[–]The_Adventurist 67 points68 points ago

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Goodnight Michelle.

[–]Nickster79 357 points358 points ago

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You underestimated The Hulk's financial acumen, brother!

[–]koakreeper 276 points277 points ago

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he would be wealthier, but think of all those yellow shirts he ripped up

[–]robert_penis 22 points23 points ago

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Unless he invested in a yellow shirt company

[–]lolbacon 41 points42 points ago

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Fact: Hulk Hogan has ripped off every shirt he has ever worn.

[–]agentsirus 203 points204 points ago

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"WHATCHA GONNA DO WHEN HULKAMANIA'S STOCK PORTFOLIO RUNS WILD ON YOU?!"

[–]pixelbath 4 points5 points ago

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Invest in the Randy "Macho Man" Hedge fund.

[–]xerexerex 19 points20 points ago

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SNAP INTO AN ACCREDITED INVESTOR! OH YEAH!

[–]Skwerley 47 points48 points ago

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Nah, I grew up in florida, listening to bubba the love sponge, who happened to be friends with Hulk, and he's actually a pretty level headed guy

[–]dezmd 20 points21 points ago

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I always feel awkward trying to explain anything related to btls to someone who doesn't know about him

[–]Skwerley 6 points7 points ago

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Yeah, try telling people about "Nedly Mandingo." I feel like everyone should have listened to him, and when randy savage died I made a few jokes about the hulk. nobody got it. I live in Texas now

[–]fxmercenary 3 points4 points ago

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You can listen to Bubba for free on Radioio.com, just click the Bubba Army logo. They even have a droid and iphone app.

[–][deleted] ago

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[deleted]

[–]tdub697 5 points6 points ago

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He's still wrestling actually... making 2 million a year with Impact Wrestling

[–]Frix 95 points96 points ago

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Remember that guys like him have lawyers, mangagers and other competent people working for him. Lawyers are smart enough to think of that and he just needs to be not ridiculously dumb enough to ignore their advice.

[–]AFrustratedGamer 220 points221 points ago

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You would think so, but there are plenty of millionaire athletes etc than blow all their money.

[–]Youreahugeidiot 160 points161 points ago

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See "not ridiculously dumb enough to ignore their advice"

[–]floatablepie 81 points82 points ago

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Psh, don't you lecture me! I saw the first half of that VH1 Behind the Music for MC Hammer, and if I've learned anything, it's that the money never runs out!

[–]barrettj 6 points7 points ago

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Oh, Wesley.

[–]Tree-eeeze 118 points119 points ago*

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Read what happened to Ric Flair for a stark contrast in money/life management.

Edit: Didn't really expect this comment to see the light of day. Surprised that no one commented on how his own financial advisor bilked him out of money by constantly churning his life insurance policies for commission.

[–]panzerg- 43 points44 points ago

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Dear God, you should warn people before linking to that dismal abyss of a biography.

I'm gonna go huff spray paint and try to get over this soul crushing depression.

[–]eltodd 9 points10 points ago

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"He and Jacqueline still spend four to five thousand dollars per month traveling and dining out."

Sounds like he has it pretty tough.

[–]duende667 17 points18 points ago

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Holy crap! 3 of his wives beat him on seperate occasions? what the hell? How are they entitled to anything?

[–]howisthisnottaken 49 points50 points ago

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MC Hammer defies your logic... as does Nicholas Cage and did Ed McMahon

[–]imgabe 29 points30 points ago

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You can only pilfer so many of those giant $10 million checks before publishers' clearinghouse starts to get wise.

[–]ZyrxilToo 5 points6 points ago

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Remember that he has to find and hire good lawyers and managers and other people to work for him. There are plenty of sports stars and celebrities that go broke after they retire.

[–]DestroyedGenius 23 points24 points ago

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I think he pretty consistently earned big money between the early 80s and early 2000s. That's around when he got the TV show. I think he's just made so much that even with irresponsible spending he still had another paycheck on the way.

[–]razorhater 13 points14 points ago

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I'd imagine it has something to do with how pro wrestling is set up. They're "independent contractors" even though they only work for WWF/E. They don't get health insurance or other benefits. The reason it's done this way is because...well...its always been done that way (it has something to do with the history of how pro wrestling was set up, but I don't know much more about the why). Other guys who did it for a living might've been able to provide some guidance for that reason. That and they don't have the hangers on other pro "athletes" do. That's what seems to make guys go broke.

And I wouldn't be so sure he didn't "blow it" all at some point, either. The guy kept wrestling for a relatively long time. It's possible he needed the money and only started getting smart about it after he realized he wasn't in the best place financially.

[–]CJ_Guns 4 points5 points ago

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Stallone is another one who has invested over the years, Arnie too.

[–]lincolnk 13 points14 points ago

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Arnold was a millionaire before he even began acting, and maybe before he hit it big in bodybuilding (don't recall on the last part). He and a friend started a mail order business for workout tapes or something, and he rolled his profit into property, and kept going from there.

[–]Doctor_No 64 points65 points ago

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Not to mention that this is a SETTLEMENT, which means the parties agreed to it. It was not imposed on them by the court.

[–]BdotDS 149 points150 points ago

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No! Complicated legal issues, that people go to law school for several years to understand, can always be reduced to easily parroted one-liners to conjure up manufactured outrage!

[–][deleted] 26 points27 points ago

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The OP was right about one thing - he's no legal expert.

[–]TheOrangeIguana 97 points98 points ago

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Don't give facts! Just say what horrible creatures women are.

[–]milwaukeebill 450 points451 points ago

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The worst part is that he has to figure out how to rip his shirts into 70/30 portions.

[–]FalafelRaptor 185 points186 points ago

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I wonder if during the divorce proceedings when he was gonna get taken for 90% of his money, almost beaten, he started to shake his arms and head no. Then run around the 4 sides of the courtroom putting his hand to his ear to see which side cheered the loudest. Collecting energy from the jury to give him his super Hulkster strength for the classic boot and legdrop. YEAHHH BROTHER!!!!

[–]AJockeysBallsack 22 points23 points ago

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That got my inner child so pumped up just now.

[–]cole1114 13 points14 points ago

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But out of nowhere, Bobby the Brain Heenan knocks out the Judge! The bailiffs, Linda's attorney's, and the jury all reveal themselves as various heels from the 80's! Bah gawd, they're attacking Hulk Hogan!

BUT WAIT! Randy Savage busts in the window screaming "OH YEEAAAAH!" and drops an elbow on everbody at once! He's back to back with Hogan and OH MY GOD! Randy hits Hogan in the back with a steel chair! That dirty double-crossing son of a bitch!

The real judge is waking up now, he's calling for a dq! Hulk Hogan retains his assets by disqualification!

[–]Thrasher1493 7 points8 points ago

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sigh Oh the days when wrestling was just ridiculous fun without over the top theatrics. :/ I stopped watching after the third time the undertaker "died".

[–][deleted] 456 points457 points ago

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She got 70% of liquid assets. He kept a lot of property.

[–]magicbullets 378 points379 points ago

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[–]whatevers_clever 22 points23 points ago

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That bitch... I wouldn't share 50% of my hulk energy with Anyone.

[–]colinmhayes 30 points31 points ago

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Sounds like he scored. As far as I know, he's not an oil tycoon and doesn't have a printer ink cartridge business, so I don't think he has much money wrapped up in liquid.

[–]ptrc003 7 points8 points ago

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Not sure if serious...

[–]colinmhayes 6 points7 points ago

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ಠ_ಠ

[–]Evernoob 243 points244 points ago

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It's still bullshit. The kids are all grown up now so she has no dependents to support. If she needs money she should get a job.

[–][deleted] 303 points304 points ago

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California is a no-fault state. Assets are divided 50-50 in the absence of a pre-nup.

[–]ric_h 440 points441 points ago

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[–]RiverSkunk 45 points46 points ago

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Nice! But why is a guy from Dethklok staring at me as I read?

[–]buggereet 23 points24 points ago

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TIL Toki is a Wikipedia programmer.

[–]GiantNinja 47 points48 points ago

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touché

[–][deleted] 95 points96 points ago*

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TIL a pre-nup is worth its weight in gold.

[–]gprime 122 points123 points ago

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The value of a pre-nup is pure myth. Courts can, and very routinely do, invalidate pre-nups. There are any number of grounds on which they can do this, that while not necessarily distinct from normal contract law, are leaned on far more heavily. Allow me to give you the two most alarming causes for nullification:

1) The judge finds the document, in whole or in part, to be "unconscionable." So, if a pre-nup had capped her take in a divorce at say 10%, the judge almost certainly would've thrown it out.

2) The document is a product of "coercian," which in the case of a pre-nup, means that if you say something to the effect of "I won't marry you without a pre-nup," the judge is allowed to invalidate it.

And of course, even if your pre-nup is upheld, you'll still likely get screwed, as they cannot regulate child support, so if you have minor children, you'll probably be forced to pay far more than is appropriate there.

[–]HornyBull 11 points12 points ago

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This is pretty accurate but 1 and 2 can be avoided by satisfying several conditions, paramount of which is providing your spouse with her own INDEPENDENT counsel with his advice to her documented.

You cannot put child support in a pre-nup, but child support would never reach 50% of someone like Hulk's assets.

[–]cefm 14 points15 points ago

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In other words, if you're going to put the time and effort into making a pre-nup, it's worth putting the time and effort into making a GOOD pre-nup that won't violate the well-known areas that would allow a judge to set it aside. To sum up: don't be stupid, get a good lawyer with enough malpractice insurance to cover up any mistakes.

[–]Splitshadow 54 points55 points ago

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On the other hand, there is an enormous precedent for upholding the sanctity of private contracts in the United States, and upon appeal, that judge's decision could be overturned. As for #2, I would hardly call that coercion. People have the freedom to choose to marry or not to marry, and as such should be allowed to place whatever legal terms or conditions they wish on their marriage.

[–]gprime 20 points21 points ago

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While it is true that private contracts are not routinely nullified, a much laxer standard exists when it comes to pre-nups, as those are handled through divorce and family courts, which operate rather differently than conventional civil courts. As to what constitutes coercian, I agree with you that that requiring a pre-nup ought not be grounds to invalidate it, as few people would sign it unless their spouses required it as a pre-condition of marriage, so using such a standard removes the teeth of pre-nups. Unfortunately, the courts have been doing exactly that for far too long. When it comes down to it, relying on a pre-nup to protect your assets is a horrible idea. One is better served by simply not marrying.

[–]hey_sergio 101 points102 points ago

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for the love of God, it's spelled "coercion"

[–]yawgmoth 39 points40 points ago*

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On the other hand, I know a woman who got screwed out of everything by a prenup. 15 years of marriage and she got nothing . Her lawyer tried to get the judge the throw out the prenup, both because it was "unconscionable", and because she was coerced to sign it (ie: 'I won't marry without a prenup').

Because the husband's lawyer was somehow able to paint her as a gold-digger, and because she got advice from a lawyer before the marriage who told her to sign it because, 'prenups mean nothing' the judge ruled that it was not 'coerced' or 'unconscionable' and upheld the prenup.

She got the clothes in her closet, and a few other personal belongings, and that's it. She even had to return many of the anniversary gifts he gave her, because 'they were never really legal given to [her]. [he] bought them for [him] to use with/see on [his] wife, and [she is] no longer [his] wife.'

A good lawyer can get you anything, and a bad lawyer can lose you everything.

EDIT: for clarification. she was not a gold digger, he initiated the divorce, and the things that were 'his assets' that he got to keep after the divorce included accounts and purchases that they both contributed to.

[–]CmdrCarrot 19 points20 points ago

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Yeah, except the divorce was filed and went through in FL, not CA.

[–][deleted] 99 points100 points ago

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Okay. Well Florida is also no fault.

[–]Felt_Ninja 43 points44 points ago

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I still blame Florida.

[–]SammyD1st 8 points9 points ago

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Ya, because 100% of states are "no fault" divorce states...

[–][deleted] 4 points5 points ago

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I just read the wikipedia article and was surprised to find out this is true. New York was the last hold out, and they passed it last year.

[–]the_the_ 244 points245 points ago

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A marriage is a partnership. When you go into it, everything is merged, unless you agree for it not be (by prenup or whatever). It would be stupid if this weren't the case. Both members of a marriage invest just as much into all of their ventures. I'm assuming hogan has kids. His wife could have agreed to stay at home at watch the kids rather than climb the corporate ladder on the assumption that hulk would.

She stunted her profession whereas hogan expanded his so that their shared goals, a family and a livelihood, could be reached. As captain pointed out, and is probably the obvious case, hogan in all likelihood received half of all of their total assets if the divorce was filed in a no fault state. If it wasn't, he would have had to have fucked up, like cheat, to get the short end of the stick, in which case, I agree with the ruling. And just to rule out a possible conflict of interest, I am a male.

[–]TheFryingDutchman 46 points47 points ago

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Shhhhhh... you're being too sensible!

[–]Mcgyvr 26 points27 points ago

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Thank you voice of reason.

[–]Suppafly 6 points7 points ago

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Most rich people don't really have a lot of liquid assets anyway, most of their really money is tied up in investments and property. Liquid assets is just walking around money.

[–]faptoburger 130 points131 points ago

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It said settlement, meaning he agreed to it and the judge did nothing but rubber stamp their agreement.

[–]SpankmasterS 48 points49 points ago

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He pays no Alimony...

This is probably a good deal given Hulks future anticipated earnings.

Also, they were married for over 20 years.

A good friend of mine just gave up 100% of assets and took 100% of the debt. Its a good deal for him as he owes her not a penny more, is young and has a huge income now and anticipates earning much more later.

I took 100% of the debt, none of the assets and gave up 16 years of support after 10 years of marriage. I got joint custody, which is all I wanted.

Full disclosure, she took my dog. That really smarted.

[–]john_nyc 148 points149 points ago

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Hulk hired Mean Gene to be his lawyer -- big mistake

[–]omg_cats 226 points227 points ago

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Shoulda called Saul.

[–]FoxNewsReporter3 46 points47 points ago

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Bonesaw is readyy

[–]randysgoiter 42 points43 points ago

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Actually, Bonesaw is deadyy

[–]bonesaw_is_ready 100 points101 points ago

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:(

[–]bytemovies 7 points8 points ago

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10 months. Impressive.

[–]TenBeers 4 points5 points ago

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You don't need a criminal lawyer, you need a criminal lawyer.

[–]schlitz91 29 points30 points ago

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You really have to go with Paul Bearer for your legal matters. It just makes sense.

[–]Conchobair 237 points238 points ago

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When you get married, everything is shared within the family. When you get divorced the assets are split up. In some states one of the pareties can be at fault, which would be Hulk becuase he cheated on her. Becuase Linda was the one to get primary custody of the children most of the family's assets went to her. Hulk was in a severe state of depression and I don't think he put up as much of a fight as he could have. Main thing is though, when you get married without a prenuptual agreement all assets are equally owned by both people in the marriage.

[–]gder 54 points55 points ago

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That's close, but not quite the case in Colorado. Marital assets are anything obtained during the marriage. If you own property or have assets before you get married they are still yours even when considering the divorce.

NAL but I did just pay one $7,000 for my divorce.

[–]mcanerin 49 points50 points ago

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This is correct in most modern jurisdictions. She (and he) are only entitled to a 50% split on assets formed during the marriage.

Since they were married for almost 30 years, that's probably most of the assets. She married him just before "Hulkmania" started, so basically all his "Hulk" assets are shared.

[–]dunker 4 points5 points ago

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What about this scenario ... You get married when your company (you're a 100% owner) is worth 1 million. You get divorced 10 years later when it's woth 100 million.

Are these assets (the company) still yours, OR were there 99 million made during the divorce, and you lose half that?

[–]Dichotomouse 14 points15 points ago

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Also it should be noted that this can mean the man ends up with half of his wife's earnings, if she makes more. Nick Lachey and Jessica Simpson is a good example of this.

[–]jabertsohn 250 points251 points ago

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Am I the only one that thinks this is right? That's what a marriage is supposed to be isn't it?

[–]theleprechaun69 61 points62 points ago

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Am I the only one that thinks this is right?

Considering Reddit's view on marriage in general, I imagine you are.

[–]austro-american 43 points44 points ago

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Honestly, people on reddit have too low of an opinion of women. Once you get to know at least one, they really aren't so bad.

[–]Daenyth 25 points26 points ago

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Once you get to know at least one,

That's your problem right there.

[–]Conchobair 188 points189 points ago

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I'm with you. Marriage is the commitment to share your life with someone. If you don't want to share everything, don't get married.

[–]TheBigYello1isTheSun 167 points168 points ago

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I kind of think this is a popular opinion, until you're actually in a shitty marriage.

[–]jvardrake 75 points76 points ago

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Yes. There are a lot of young people that have yet to learn that people change - sometimes drastically.

The person you marry now (the one that you are sure you want to make a commitment to share everything with), isn't necessarily the same person that you will later be forced to split everything with.

[–]TheBigYello1isTheSun 15 points16 points ago

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It's a sad fact to learn, but it's not at all how Disney depicted it. At the risk of sounded overly cynical, people need to know that it isn't always perfect. I think those that don't see it as a possibility are the ones that break when it happens to them.

[–]MisoSoup 22 points23 points ago

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I wish that women in the UK had the same view. I came away from the split with my wife with my PC, a frying pan and a couple of towels....I knew I should have been more assertive.

[–]the_wizard 72 points73 points ago

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any man who can hitch the length and breadth of the galaxy, rough it, slum it, struggle against terrible odds, win through, and still knows where his towel is is clearly a man to be reckoned with

[–]cephster 79 points80 points ago

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There was a story back in 2007 (after their son Nick got in that car accident) that the divorce was a ruse to split their assets in the event of a civil suit. Because Terry was the owner of the car, he is the responsible party, so anything Linda gets is untouchable. This certainly would play into that conspiracy theory.

Reference: http://www.thesun.co.uk/sol/homepage/sport/wrestling/article519080.ece

[–]Rodalli 30 points31 points ago

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Except for that 20-something guy Linda is sleeping with. That part of the ruse too?

[–]spacecowgirl 58 points59 points ago

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And the fact that Hulk was banging his daughter's friend while their reality show was being filmed.

[–]RudeTurnip 44 points45 points ago

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He keeps being a hero from childhood into adulthood, albeit for different reasons.

[–][deleted] 10 points11 points ago

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Middle-aged couple stages ruse divorce to protect their fortune. To make the divorce more fully believable they agree they'll both start screwing attractive people half their age. Maybe they're swingers and this is all a win-win for them.

I know this probably isn't the case but as usual my fantasy version is cooler.

[–]pgpgpg 50 points51 points ago

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She didn't want any of those ripped shirts.

[–]Demo_Model 126 points127 points ago

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Actually, that was just him preemptively dividing his assets.

[–]EquinsuOcha 19 points20 points ago

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Honestly, if it only took 70% of all my liquid assets to divorce my ex, I would have jumped at the opportunity.

She took 100% and I absorbed all the debt, owed the IRS $5000, had to pay child support and moved into a two bedroom apartment with my 70 year old father.

I can say without a shadow of a doubt, that it was worth every penny to not be married to that woman. Do you know why divorce costs so much? Because it's worth it.

[–]mugwumps 404 points405 points ago*

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Think about it in the perspective of the typical nuclear family. Say your Mom and Dad got married when they were 22 and 19. Your dad went to college and your mom worked as a secretary to support him through college. Your dad graduates and your mom gets pregnant, they decide that she should stay home.

Fast forward 10 years and your mom is still raising kids, she's had 2 more even. Your dad's career meanwhile is really taking off.

Now the kids are graduating and leaving to college. Mom/Dad decide to get a divorce. Mom has no job skills and has been out of the workforce for nearly 20 years. Dad meanwhile has a steady career going for him.

Once they divorce, Dad will surely recover. Mom will only have that money/assets she receives from the divorce. She is at a severe disadvantage here. Its not that she deserves more, they are just taking into account the future earning capacity of the parties.

Whether its "fair" or not, its not the Courts fault that our society puts more importance on the man's career. I assure you, if the dad had stayed home and supported the mom's career, he would get the same treatment as a stay at home mom.

On a large scale, the Hogan's divorce isn't that much different in my opinion. Linda Hogan was like 24 when they got married. Don't you think she would have planned her life a little differently if she wasn't married to Hulk Hogan and raising his kids?

Edit: To clarify, this is obviously a very specific scenario and would not apply to many marriages nowadays

[–]alli3theenigma 385 points386 points ago*

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This is exactly what happened to my Mom. She spent 30 years married to my Dad and raising 3 children (we were all 10 years apart). She had his breakfast, lunch, and dinner ready for him every. single. day. (as well as a clean house, groceries, laundry, helping us with school projects, getting us on and off the school bus, etc...) When they got divorced, he acted like she never held down a "real" job so she shouldn't get any of HIS money. Ungrateful bastard.

[–]mugwumps 186 points187 points ago

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Thank you for posting this. These people DO exist and I think its extremely unfair for people to ignore a homemaker's contribution to the marriage.

Not that I think this really applies to the Hogans...but I see this attitude all the time.

[–]ReddEdIt 5 points6 points ago

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And also there's the issue of how prepared she is to support herself on her own. Did she ever get a degree (or did she leave school because he got a promotion to the Toledo office and insisted that she wouldn't need schooling)? Did she sacrifice her career to be a homemaker? Without the hint of a professional support network, not a reference in sight and being at an age that makes it very hard to get hired in most professions - the former housewife is at a significant disadvantage.

[–]rakista 72 points73 points ago

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My dad did this to my mom and we divorced him. Have not spoken to him in 10 years.

[–][deleted] ago

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[deleted]

[–]thevariance 24 points25 points ago

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That sounds my mom as well, except 28 years and four kids.

[–]munchybutt 49 points50 points ago

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To flip the genders, my mom is the big moneymaker in my family and she says she would absolutely split the money with my Dad. He took care of the kids, he would deserve half. Even if it's some rich guy who just has a trophy wife, they obviously had some sort of agreement worked out.

[–]lindseysu 25 points26 points ago

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These things can be messy and there is likely a good reason for what appears to be an inequitable split. Having said that, I'm a divorcing father of a small child and I have received one smackdown after another from the court. They clearly see my wife as the "real" parent and the victim in this situation. They weren't privy to the psychological warfare that finally drove me out. It is supposed to be a no-fault system here (Washington State, U.S.) but believe me, the court adopts someone's narrative about who is at fault and runs with it.

The WA system assigns a support sum to each parent and calculates what I owe that way. The judge raised my share of the child support when my wife's business started doing poorly, but it was "too bad, Loser" when I lost my job. The payment was not adjusted one dime.

[–]notjawn 43 points44 points ago

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They are such a shitty family.

[–]missingsf 50 points51 points ago

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Without a doubt. The mother is an absolute bitch. The son is a d-bag of extraordinary magnitude who crippled his best friend with his negligence, and the father was recorded talking shit to said son (in prison) about said best friend after the accident.

Is the daughter a decent person? I don't know much about her.

[–]beccaonice 18 points19 points ago

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Hahha and you assume you know anything about the other people based on reality TV and entertainment news? Come on.

[–]S1ayer 82 points83 points ago

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[–]missingsf 19 points20 points ago

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Fuck....

[–]notjawn 5 points6 points ago

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I hope so. I know she had a reality show but I didn't watch it. Maybe she'll start to right alot of things they've done wrong.

[–]khcavalheiro 3 points4 points ago

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What was the father saying about his son's best friend? Do you have a link by chance? That's fucked up.

[–]Maintenance_Enforced 16 points17 points ago

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My ex managed to get 70% ish in my divorce. The judge has a lot of latitude in classifying things and cooking the books.

Plus, she got $4000 a month in support, which I couldn't keep up with, which effectively have her all of my portion, too, eventually.

When all of that was gone, she had "maintenance enforcement" seize my bank account and my drivers license, and put a 100% garnish on my wages.

I'm on welfare (one thing they can't seize) and use the food bank, while she's driving sports cars.

Don't get me started in the bias in family matters, too, that's far more heartbreaking.

So yeah, divorce isn't fair.

[–]yeropinionman 52 points53 points ago

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They're not his assets. Married people own their assets together. Splitting 50-50 makes sense for most families who "build their lives together." For the extremely rare family that has millions in assets, they should probably do a pre-nup if 50-50 doesn't seem fair.

[–]kpanzer 10 points11 points ago

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You think that's bad? Richard "Ricky, the Dragon, Steamboat" Blood's ex-wife got his stage name in their divorce.

[–]Silenced_is_Foo 12 points13 points ago

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John Cleese was another one like this. He had no children or anything with his 3rd wife, and she still got over half his assets.

What I find so unfair is that if we both died today, her children would get much more than mine,” Cleese said.

"At least I will know in future if a I go out with a lady they will not be after me for my money."

Cleese also said in a recent interview the settlement would force him to keep working.

"In my 70th year I will still be spending two months a year doing work that is of no interest to me and which is probably slightly spiritually depleting in order to feed the beast," he said.

Read more: http://www.smh.com.au/lifestyle/celebrity/cleeses-23m-divorce-unfair--leaves-me-poorer-than-her-20090818-eo2c.html#ixzz1eYoWFvMl

[–]SupaDupaKoopaTroopa 10 points11 points ago

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My parents just divorced. My cheating mother never worked a day in her life but walked away with 2/3 of my fathers retirement, 1/2 the house (she sold her half to my father) and get's 1/3 of his salary while she doesn't do shit for my kid brother (finacially or parently). Fuck you ma.

[–]mcscom 2 points3 points ago

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Let this be a lesson to you. Never marry a woman person who you wouldn't want to be divorced from

[–]mwallyn 12 points13 points ago

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Its because of anachronistic divorce laws. Most were written during the time when women were largely housewives with no real work experience. Therefore, divorce laws were written so that the now ex-wife wouldn't be completely screwed without any livelihood or assets if one of the two chose to get a divorce.

[–][deleted] ago

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[deleted]

[–]thebeefytaco 22 points23 points ago

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Get a pre-nup folks.

[–]SenorHindsight 22 points23 points ago

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These are pretty much worthless in states where 'no fault' divorces are allowed.

Just FYI.

Save yourself the drama and just live together.

[–]table_tennis 18 points19 points ago

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Not being from the States, i don't know how it works there, but here if you live together for some time and have people witness that you lived a 'married life', you can lawyer up and claim 50% of the stuff, just like a married couple with no pre-nup.

[–]Koshercrab 4 points5 points ago

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We have it here too, in some states. We call it "common law marriage".

[–]bobored 17 points18 points ago

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Read the article more closely. This a SETTLEMENT and only of "liquid" assents - not all his assets. There were ongoing disputes about money from their business that was (I assume - hidden or withheld). He will pay her no alimony. This is one lump sum - hence it being higher than a 50/50 split, for instance. They have been together for a long time and it would seem she had a major part in building their businesses. I am sure he had a very good and very expensive lawyer, as did she and there are a number of reasons for the way the settlement shook out. And speaking as an agent and someone who has worked in the business a long time, there are plenty of wrestlers with zero money. The reason he is rich is because someone capitalized on him as a brand and built a business around him. I would not be surprised if the "brains" of the operation is his wife.

[–]girlinboots 6 points7 points ago

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I gather from this thread that most people don't understand what a settlement is.

[–]DonaldMcRonald 3 points4 points ago

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MEAN GENE, YOU WANNA KNOW SOMETHIN' BROTHER? WHATCHA GONNA DO WHEN YOU READ THIS IN HULK HOGAN'S VOICE, BROTHER?

[–]radapex 4 points5 points ago

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Sounds like the Hulkster.... better call Saul.

[–]Utookmyusername 4 points5 points ago

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I know an elderly gentleman who has been paying alimony for 38 years. How fucked is that?

[–]tapatio69 4 points5 points ago

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In Mexico, when you get married, there is a check box for specifying whether assets will be joint or separate. Why don't we have the little check box here in the U.S.A? Seems pretty simple.

[–]Sc2RuinedMyLife 4 points5 points ago

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He should have just hired someone to kill her off.

[–]myowlgoesmoo 52 points53 points ago

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It's the bottom line, cause the judge said so.

[–]dr_halftime 16 points17 points ago

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Hell, I like you, you can come over to my house and fuck my sister!

[–]DipsomaniacDawg 15 points16 points ago*

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"If you have $5 and have to give somebody $2.50, you'd be upset."

Eddie Murphy on Divorce

[–]Numlockshates flair 5 points6 points ago

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I liked Chris Rock's "If you make 30 million and she wants 15, big deal you aint starvin. But if you make 30,000 and she wants 15,000 then someone has to die!".

[–]brolix 540 points541 points ago

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Courts are one of the areas that still have a HUUUUUUUUUUUGE bias towards women

[–]rugtoad 11 points12 points ago

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My cousin is a Family Law attorney out in Cali, I was talking to her last month about this. She's said that it's not something that no one is aware of within the institution of Family Law. In fact, things are actively being done to change it

For example, in the 90's, a woman had to be a drug-using, abusive hooker in order to not get majority custody if she asked for it...and once she had it, it would nearly take her dying for it to be revoked. Even IF she died, there's an even chance that her relatives would get the kids over the father.

But in the past decade, major changes have happened in that area, and now, there is nothing even close to that guarantee in place for women. These days, many districts will assign a counselor who will spend a bunch of time with both mom and dad, and that counselor will ideally make an informed decision based upon the best interest of the kid. The "mom as a default" rule is diminishing fast in that context. Further, dads are getting much more standing in court when it comes to contesting custody.

All of this is anecdotal, of course, and I'm sure there are anecdotes of districts who are still in the "woman gets it all" ideology. I personally have a friend who is in danger of losing her child, not because she is a bad mother...she's great. She has a lot of help from the family, she's not abusive, she's employed, she lives in a nice house in the suburbs. But the dad has convinced a counselor that he'd be better.

Again, it's all anecdote, except for one thing: The justice system KNOWS that it isn't fair, and many people are working to correct it in many places in the US.

[–]EnglishBulldog 21 points22 points ago

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Hopefully Same Sex Marriage will help change this. As time goes on and the sparkle of love dies, these SSMs will end up in court and the court will be forced to make decisions that are not based on gender. Hopefully over time, this will train them to have less bias towards genders.

[–]ihatecruises 558 points559 points ago

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American Family Court is what I point out to third wave feminists when they bitch about gender inequalities.

When the courts will demand a man pay child support to a woman even though he's proven she's a cheating bitch and the child is not his, it's safe to say the system is fucked.

[–]t_bone25 122 points123 points ago

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The thing about that though, is it isn't a result of third wave feminism, but instead good old-fashioned Catholic values. Justice Scalia came up with this one in MICHAEL H. ET AL. v. GERALD D. His rationale wasn't to screw over the man and favor the woman (when has Scalia ever favored women?). Instead he thought it was in the best interest of the child to be raised and supported by the mother of the child and her husband. I haven't read the opinion in a while, but I assume he thinks this is the most stable home environment for the child.

To be honest, I am not sure that third wave feminists would agree with Scalia on this point. They may very well prefer an arrangement where the biological father of the child bear the financial burden of raising the child.

[–][deleted] ago

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[deleted]

[–]NinjaViking 52 points53 points ago

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Isn't child support supposed to benefit the child?

[–]PhantomPumpkin 73 points74 points ago

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She was supposed to buy tyco with your money, but she went and got lipo with your money...

[–]trancelogix 56 points57 points ago

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Yes and no. Not to go against the grain here, but a lot of men think that child support should only be used for the child's expenses. What they don't realize is that it takes money to shelter them (bigger house), transport them (gas to school, sports), and keep them busy (toys, games, hobbies). I find many people have a problem if child support is used on rent or gas, which is ridiculous.

Also, while men should only pay for their own kids, anyone who has a problem paying child support should try living with their kids the majority of the time. The loss of independence and the constant stress is probably worth a lot more than you think.

[–]WorkSucksiKnow2007 198 points199 points ago

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Are you my uncle? This happens to way too many people... :/ greed is a bitch.

[–]Pyistazty 76 points77 points ago

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My dad's ex-wife (not my mom) bankrupt him by opening a lot of credit cards in his name and gambled a lot with his money, and spent a lot on his cards. He still has to pay alimony for that bitch.

[–]Meades_Loves_Memes 67 points68 points ago

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That's fraud. That's not legal at all.

[–]wormeyman 5 points6 points ago

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Isn't that identity theft? or did he co-sign?

[–]ac_slat3r 163 points164 points ago

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And bitches are greedy.

[–]chadcf 158 points159 points ago

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I'm paying $1,100 a month for my child who lives with me 50% of the time, even though her household income is greater than mine (as I'm single, and she has a live in boyfriend).

[–]cjcmarine 50 points51 points ago

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Plus One. I feel you man. It's legal theft. I even have to pay MORE since she had a child with her new husband (whos income is not accounted for AT ALL despite her being a stay at home mom supported by him!).

[–]bobafoote 22 points23 points ago

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That makes no sense. His income should be accounted for because it effects your child's living conditions. I know there are a lot of situations where the new couple doesn't get married because they don't want to have to increase child support payments or decrease child support received.

I got lucky, my ex wife cheated on me so she felt guilty and let me do the divorce papperwork. In WA state, you can pay less CS based on split custody. I did all the leg work and she had my legal documentation reviewed by her lawyer and everything was legit. So now I pay around $300 a month to her in CS and we split custody 50%. But it makes sense that I pay her because I make about 30K more than her annually.

THAT BEING SAID, her boyfriend makes bank and I am sure she uses the CS to buy new clothes for herself. But...I know I am the lucky one. She is his problem now.

[–]JustAnAvgJoe 45 points46 points ago

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That happened to me for about 6 months when I gained full custody of my kids. They would pull it straight out of my check, hold it for 2 weeks, then send me a PAPER CHECK that I'd have to deposit.

Intially, she had custody. All she had to do was go to the enforcement office, and they opened a case.

For me, even after I showed them the COURT DOCUMENTS giving me full custody, I had to bring 3 IDs of each child, proof of my residency and of thiers being the same (I had to get a notarized document from the schools to show they were going to school in my area).

She has yet to pay child support after going on 3 years. She has not paid a dime and owes almost $10,000. She refuses to work except under the table.

DCSE says they won't persue it, that I should "give her time to establish herself" before trying to persue anything in court. 3 years and she needs more time. wat.

[–]DullHypothesis 24 points25 points ago

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This is the same for dudes, too, though. I dated a guy who's dad hadn't paid child support in like five years, and they're just now taking it to court.

[–]thisusernamewastaken 22 points23 points ago

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Yeah. My father never paid the staggering $100 a month he was told to pay mom and I in 1982. We tried everything we could. The only reason we ever got any of it is that when I was 21, we took him to court. The money he never gave me for food then paid for school, so I guess maybe I needed it more at 21, so there's that.

[–]Dovienya 330 points331 points ago

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Meanwhile, my niece's father paid $18 a week in child support. He got a summer visitation with her when she was 8. He dropped her off so badly bruised that she had to be hospitalized. The cops didn't want to arrest him because the way a father disciplines his child is up to him.

There are anecdotes that go both ways.

[–]BayBeauty420X 4 points5 points ago

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Yep... its not always just about women. Our stepdad had a much much better lawyer than my mom and took most of our things, including out 6 bedroom house that he now lives in himself.

[–]clubber_lang 49 points50 points ago

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Precisely. My best friend's father was a doctor, got custody from the mom, and made my pal's mother pay child support. She made about $20k/year at the time, and was also paying for half of his student loans after their divorce.

[–]Wafflesorbust 7 points8 points ago

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That's cool. My dad makes ~30k a year as a Limo driver currently and still has to cough up $1,200 a month for my brother and I, even though we're both over 18, and I don't even live with my mom anymore. My mom makes close to $90,000. Those payments should be going towards my tuition fees but my mom uses them to pay for her mortgage.

We can play the anecdote game all day or we can agree that Family court needs a complete overhaul.

[–]Olivesandfootball 9 points10 points ago

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She had a crap lawyer if she is paying his student loans, shes not legally liable for them

[–]wakinglifedreams 90 points91 points ago

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Why is this getting downvoted? The OP was a personal story, so is this. Bad shit happens both ways. Can't we all agree that there needs to be some reform on both sides?

[–]Honztastic 43 points44 points ago

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I think it's because there's a difference to a systemic bias (family courts are systemically biased against men) versus a few instances of men "slipping through the cracks".

There's a difference between the system not working and working against you.

[–]wakinglifedreams 17 points18 points ago

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I think that you're thinking of second wave. Third wave feminists like Judith Butler are closer to queer theory and talk more about gender roles. Second wave feminists are the ones who talk about legal rights and shit like that.

[–]meeeow 235 points236 points ago

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You know you can be a feminist and still think the family court system needs changing right? They're not two mutually exclusive views...

[–]rediphile 5 points6 points ago

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Just to let you know 3rd wave feminists would agree with you and see this as an inequality. 1st and 2nd wave feminists not so much.

[–]sarcelle 4 points5 points ago

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American Family Court is not exactly the bastion of feminism you make it out to be. Just because a law is on paper doesn't mean it's reinforced. My dad won custody of me and sued my mom until she was literally homeless, and her second husband never paid a red cent of child support for his children, though he had generous visitation rights and a criminal background. No repercussions.

[–]cloakzore 50 points51 points ago

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What I point out to critics of feminism is that people use "bitch" as the default identifier for women.

[–]austro-american 9 points10 points ago

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Most people use the word woman. (I'm sorry if you live in Arkansas or something)

[–]NorthernSkeptic 10 points11 points ago

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And here we go with the entirely anecdotal r/mensrights circlejerk!

[–]Topsiders 9 points10 points ago

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Judging by those Rent-A-Center ads, Troy Aikman must not have had a pre-nup either

[–]pistachioshell 51 points52 points ago

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What drives me crazy about people getting up in arms like this is that the ARGH MEN'S RIGHTS crowd gets so vitriolic that it becomes impossible to agree with them on one very specific issue without looking like a complete misogynist.

Because yeah, courts are biased, but towards a lot of different people in different circumstances and always for stupid reasons, turning this into a Men's Rights issue doesn't make any fucking sense.

[–][deleted] 5 points6 points ago

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How is it legal that every time my ex wife moves to a different city, I have to move too (have to get a new job, new friends and no family) just to see my son. If I move to a different city the judge doesn't care, it's my loss. But I have to follow here everywhere she goes if I want to see my son.

[–]Dookiestain_LaFlair 3 points4 points ago

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Now that The Hulkster is doing voice work on China, IL he should be rolling in the dough. That show is sure to run at least 100 episodes and then it will be syndication money.

[–]HigHIdrA 2 points3 points ago

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At least she didn't get 70% of his muscles or his mustache.

[–][deleted] 2 points3 points ago

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Can you still get screwed if you don't have children or get married?

[–]fyneartist 3 points4 points ago

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For those of you that are too young to remember this incident took alot of The Hulksters cash back in the 80's. He put Richard Belzer in a sleeper hold and got sued for mega bucks.

Video here: http://www.youtube.com/watch?v=i7n_SHrK408

[–]anduin1 1 point2 points ago

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Wow, reading some of the comments apparently prenups are useless, no fault clauses in certain states destroy men, child support doesn't really support the child. Yea, I'm never getting married/having a kid unless it's to a richer person than I.

[–]found314 1 point2 points ago

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Now that I think about it... If a man goes and sleeps with a woman, terrorizes her life, then leaves with half her stuff....

Is that still called divorce?

[–]loganfire3 2 points3 points ago

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Fuck that whole family. That are all pieces of shit

[–]__circle 2 points3 points ago

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Anybody who doesn't get a pre-nup is crazy.

[–]jazzorcist 3 points4 points ago*

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Guy made a fortune portraying a living embodiment of his own rage. I'm guessing his ex-wife can take credit for at LEAST 70% of that rage.

[–]gamerjace 3 points4 points ago

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We live in a sexist world

[–]JoeTheHoe 1 point2 points ago

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"For every dollar that a man makes, a woman makes 70 cents. That doesn't make sense, that's not fair, the man's only left with 30!" -Bo Burnham

This situation is basically that quote taken to MUCH higher level.

[–]twotwenty 1 point2 points ago

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If you think this is bad look at what happened to Dave Foley. I think his wife gets over 100%.