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Protecting an Asset from the other party

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  • Person_one
    Person_one Posts: 28,884 Forumite
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    Person_one


    That was calculated by his solicitor and based on what has already been paid to his ex wife in regard to the house split and monies paid to her for setting up her rented home and children's expenses (these latter two were £4,500)

    Its basically a best guess then, hoping that she and the court/mediatirs agree with the figure?
  • Tigsteroonie
    Tigsteroonie Posts: 24,954 Forumite
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    In reply to Person_one
    He has a fair idea of this as he has already had an offer on his house and worked out a figure, taking into account sale expenses etc.
    Person_one wrote: »
    No, sorry, I mean how does he know what percentage is 'his share' when that hasn't yet been agreed in a financial settlement?

    OP, I think you're missing Person_One's point. At the moment, the share of the equity is what he would like to take but, until financial proceedings are concluded with the Consent Order signed, it can still be changed.

    And if he is thinking that he needs to protect his share of equity, then he obviously thinks that percentage is at risk of being changed.
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  • springdreams
    springdreams Posts: 3,623 Forumite
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    Nothing is his until the court decides it is, and signs off on the relevant paperwork. This works both ways. So nothing is the ex's either until the court decides it is.
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  • elsien
    elsien Posts: 37,574 Forumite
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    If he has a solicitor, and it's a genuine enquiry, this is the person he should be directing his questions towards.
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
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