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Separation of assets is it 50/50?

(4 Posts)
Noah1984 Wed 26-Nov-14 23:11:51

We have been married nearly 30 years and now separating/divorcing. We own a house and it's also a holiday business which he has run. I have my own work outside the home. So when we sell is it 50/50 or does he get more because his business is sold and he has to set up a new way of earning...whereas I can carry on in my job?

FishWithABicycle Wed 26-Nov-14 23:17:48

I'd say fairest to split everything 50:50. It's entirely possible you could lose your job the day after the settlement is finalised. It's entirely possible he could walk straight into a property management job. You can't use transitory situations like that as justification for an uneven split. However, if the business is thriving could he keep this property and take out a mortgage for half it's value to buy you out and keep the business going without disadvantaging you.

CogitoErgoSometimes Thu 27-Nov-14 07:38:40

Please get legal advice for this. When the finances involve businesses rather than straightforward cash or other assets you really need professional advice specific to your particular situation rather than generalisations. Mediate based on sound information

Doingeverythingveryweary Thu 27-Nov-14 13:14:51

thank you so much, feels like a quagmire with tension racking up every day.

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