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don't know what to do 😢(5 Posts)
In the middle of separating where everything seems to go from extreme amicable to down right nasty.
Trying to sort out money at the moment and am keen to do ASAP so can get clean break and sell house. He earns around £9k more than me (work part time) and around £110k equity in house. My solicitor has advised to go for at least 60% as we have 2dcs (8 & 3) who will be with me majority of time.
We gave lightly touched in discussions on a 50:50 split. He has agreed that I can take all furniture in house. If I went for 60% we're only talking around £10k uplift for me so is it worth really dragging it out and spending thousands in solicitors?
His mum owns her house outright £300k+ so have a suspicion she may release money after we're split to help him buy again but as she's only in her 70s I don't think that would be taken into consideration in a financial disclosure anyway?
I really don't know whether to cut my losses and run now or drag it out for a fairer (and more expensive) outcome?
What's the pensions situation and are there any other assets?
Pensions are pretty much the same. No other assets x the only sticking point is the money he will get from his mum but inheritance wise she could be around for another 30 years (same as her mum) so whether she releases money early to him or not is not something the courts would consider?
He says he needs 50k to be able to consider buying anything else but for me to be able to afford anything I would need more!
I can understand the temptation because you might have to spend a lot of money in order to liberate the extra 10%. But on the other hand your DCs are really young and with a lower income too, you will be well-placed for a higher proportion of the equity. Are you sure there are no hidden assets? How about offering clean break for 55%. Have you looked at what you will actually need to provide a suitable and permanent home for yourself and your children? I think the money for STBXH from MIL is irrelevant.
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