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Declaration of Trust
Amanda789
Posts: 1 Newbie
Paid a substantial amount of deposit on house purchase. Now selling up and divorcing husband. He paid nothing.
Declaration of Trust seems to suggest I own 80% of the house and he owns 20%.
How is the sale of the house split? Mortgage was paid by both of us, equal amounts.
Declaration of Trust seems to suggest I own 80% of the house and he owns 20%.
How is the sale of the house split? Mortgage was paid by both of us, equal amounts.
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Comments
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How is the DOT worded ?0
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Regardless of what the DoT says this is a marital asset that, unless this was a vert short marriage, and the starting point is 50/50 for all assets.1
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I think the the DOT is binding but the court will take into other factors into consideration for fairness. Generally speaking it is split down the middle.0
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Not necessarily. The wording is key. Nor are we are aware what independent legal advice both parties received.Keep_pedalling said:Regardless of what the DoT says this is a marital asset that, unless this was a vert short marriage, and the starting point is 50/50 for all assets.2
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