How to buy me out ?

MEM62

angelinamay said:

Devongardener said:

You have to take legal advice before agreeing to anything.   Do you mean you split up 10 years ago but haven’t considered divorce?
Is the house owned jointly, with both on the deeds?  If so you should be entitled to 50% of the value, but your husband will probably put forward his case for more having lived in and presumably maintained it for 10 years.

Yes, we haven't considered divorce, mainly because neither of us want to give silly amounts of cash to Solicitors really.

Unless you are going to be adversarial or make a bun fight of the process why would you think that you had to throw large amounts of cash at lawyers?  10 Years really is too long to leave things unsettled.    

Emmia

MEM62 said:

angelinamay said:

Devongardener said:

You have to take legal advice before agreeing to anything.   Do you mean you split up 10 years ago but haven’t considered divorce?
Is the house owned jointly, with both on the deeds?  If so you should be entitled to 50% of the value, but your husband will probably put forward his case for more having lived in and presumably maintained it for 10 years.

Yes, we haven't considered divorce, mainly because neither of us want to give silly amounts of cash to Solicitors really.

Unless you are going to be adversarial or make a bun fight of the process why would you think that you had to throw large amounts of cash at lawyers?  10 Years really is too long to leave things unsettled.    

And if the OP came into a large sum, he might decide to divorce the OP, so he could claim his share...

angelinamay

Emmia said:

MEM62 said:

angelinamay said:

Devongardener said:

You have to take legal advice before agreeing to anything.   Do you mean you split up 10 years ago but haven’t considered divorce?
Is the house owned jointly, with both on the deeds?  If so you should be entitled to 50% of the value, but your husband will probably put forward his case for more having lived in and presumably maintained it for 10 years.

Yes, we haven't considered divorce, mainly because neither of us want to give silly amounts of cash to Solicitors really.

Unless you are going to be adversarial or make a bun fight of the process why would you think that you had to throw large amounts of cash at lawyers?  10 Years really is too long to leave things unsettled.    

And if the OP came into a large sum, he might decide to divorce the OP, so he could claim his share...

Thanks MEM62.  It's highly HIGHLY unlikely that I should come into any sum at all, unless from husband!!  No family to leave me money, all dead...

angelinamay

BrassicWoman said:

What you are entitled to in the event of divorce is not the same as what you are entitled to as a married women. The division of assets is theoretical and unenforcable until you start legal action.

If 100k is what he has, and you do not want to start divorce proceedings, then I am afraid 100k may be what you get.

Do savings come into the equasion BrassicWoman?  He has far FAR more than I have, plus probably double the pension than I get and has various shares too.

elsien

All assets are generally included in the pot as a starting point - pensions, savings, investments the works. And potentially also any property owned outside of the marital home. 

Some of that may depend on how long ago you separated, and what has been acquired by each of you since then. But you work it out between you or you let a judge decide what is fair and what isn’t.

angelinamay

elsien said:

All assets are generally included in the pot as a starting point - pensions, savings, investments the works. And potentially also any property owned outside of the marital home. 

Some of that may depend on how long ago you separated, and what has been acquired by each of you since then. But you work it out between you or you let a judge decide what is fair and what isn’t.

Thanks Elsien, so if we sit doen and I ask what his pensions are monthly, and his savings totals and shares, (I don't mind at all divulging my pensions and savings) this would be in order would it?  I'd use Zoopla to get the current values of the 2 properties and use the median figure.

angelinamay

Well, just for information really, visited husband this morning, and he STILL WON'T agree, that the rules for divorce don't take into account that HE paid for the house, HE paid the bills etc etc.  Rules have changed now.  We're gonna speak with our sons (ages 51 and 53) and see whether they can add anything neither of us have thought of yet.  Thanks all for your inputs on this.  Appreciated.

Emmia

angelinamay said:

Well, just for information really, visited husband this morning, and he STILL WON'T agree, that the rules for divorce don't take into account that HE paid for the house, HE paid the bills etc etc.  Rules have changed now.  We're gonna speak with our sons (ages 51 and 53) and see whether they can add anything neither of us have thought of yet.  Thanks all for your inputs on this.  Appreciated.

He doesn't have to agree to divorce, you can divorce him as a sole applicant - him not cooperating is likely to make it more expensive with lawyers, though.

https://www.gov.uk/divorce/before-you-apply

sheramber

He has a choice. Come to an agreement between you or incur lawyers fees.

You have a choice to come to an agreement ,  accept what he offers you or incur lawyers fees.

BrassicWoman

I think you're going to need to actually divorce. He's no incentive until you start proceedings.