Proceeds split

[Hookaddict]

Hi
I have split from my partner of 13 years. We have 2 children.
Dad offered to look after the children for 2 days in a week and 10 days of his annual leave. Agreed on paying child support ad well.
We are selling the house with some profit.
How do we split proceeds ?

Depends on both your pension situations. They are often worth more than peoples’s equity.

10 days of his leave? Do you work? Will school holidays just be your problem then (minus the 10 days) or will he contribute?!

If you aren't married, I don't think you can insist on anything other than 50:50 as that's how you own the house?

Of course if he is happy to give you more, that's doable

We have 50/50 equity.
We agreed on childcare during school holidays.
we both work full time, with similar earnings.

Partner or husband? If married then all assets need to be taken into account. If not married then the split will be according to however you own the house (tenants in common versus joint tenants).

If you’re not married it is simply dependent on the house ownership - if joint tenants 50:50 of equity, if tenants in common in unequal shares, whatever that states.
no claim on pensions or other assets not held in their name and child arrangements not relevant- cms will be paid based on this

.

Sorry I just realised you said DP, in that case 50/50 unless one of you has paperwork that shows they own more of the house or paid in all the deposit etc.

Then it is 50:50. You both need equal sized homes. Child maintenance will deal with the additional costs and disparity in coparenting.

Do you both own the home?

If you are not married then it's down to who owns the house. If you both bought it then it's equal shares unless the deposit was ring fenced. The percentage is nothing to do with who looks after the children, that is what marriage is for.

CMS and child benefit is for who has the children but I believe cms is negligible if one person has two overnighters.

I’m assuming you aren’t married as you say ‘partner’?

If that’s the case - the house will be split as you agreed the set up on purchase (usually tenants in common / 50:50).

You’ll be entitled to CMS for the children.

You won’t be entitled to a pension split or anything else as you weren’t married.