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Help please...messy divorce
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I'm confused: do you mean £37.5 k?0
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KittyHawk said:I'm confused: do you mean £37.5 k?0
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UnicornGirl81 said:KittyHawk said:I'm confused: do you mean £37.5 k?1
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Voyager2002 said:UnicornGirl81 said:We have discussed about the financial agreement and child arrangements (we have 4 children together and own the house joint mortgage) (pay off both sides of debts from sale of house then split remaining 50/50) and was going to proceed with a solicitor to get this drawn up.He has came home today and is refusing to sign the divorce papers. He wants to give me £375000 to take my name off the mortgage (this was my money for the deposit) or he won’t sign the divorce.The house is probably worth £290000 and there is £150000 outstanding in debts mortgage included.
If the house is worth £290K with shared debts of £150K that leaves equity of £140K to divide between you (and the shares may not be equal if you provided the deposit). So if he want to pay you £375K for your share, why would you refuse?
More generally, what difference does it make to you if he buys you out, or if you receive the same amount of money from the sale of the house? Either way, you end up with the same lump sum but nowhere to live.My head is all over the place with all of this, the lockdown and my grandfather passing away on Wednesday.I’m more concerned that he thinks I’ve made no contribution towards the mortgage as I stayed at home for 10 years raising our children. He seems to think he has to come away from this better off as he put more £ in.0 -
Then he will have a rude awakening. Courts take the view that staying at home and looking after home and children is in itself a contribution (how much woud it have cost to hire hep to do that?). If you have not worked then you need to think about how to have some sort of transition period that will enable you to take up employment to support yourself.He seems to think he has to come away from this better off as he put more £ in.
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The courts can place a lot of value on looking after the home and the children, especially if this means the parent staying at home is giving up a lucrative career.
https://www.lawgazette.co.uk/news/wife-awarded-400k-for-sacrificing-her-solicitor-career/5103294.article
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Does your husband have any pensions? The value of the pensions are also shared. Sometimes a play off can be done, eg I will leave your pension alone if you give me the house.2
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bouicca21 said:
Then he will have a rude awakening. Courts take the view that staying at home and looking after home and children is in itself a contribution (how much woud it have cost to hire hep to do that?). If you have not worked then you need to think about how to have some sort of transition period that will enable you to take up employment to support yourself.He seems to think he has to come away from this better off as he put more £ in.0 -
comeandgo said:Does your husband have any pensions? The value of the pensions are also shared. Sometimes a play off can be done, eg I will leave your pension alone if you give me the house.0
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Thank you to everyone for your advice. I got in touch with a solicitor yesterday. I have an initial appointment via telephone booked in for Thursday so I can get a better idea of what I should do.I don’t want to fight dirty with him and wish it would just be more amicable. But I’ve got to protect my children’s future.0
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