The buyout - what have you all done

[Beachlovingirl]

Hey there.

im buying my ex out of the family home. Here are the other facts:

we have already separated and he has partially moved out - just uses the house like a hotel
the divorce date is not until April next year and I know that legally I only need to transfer the buy out money at divorce and if I do this I can hold the money in a high interest savings account until then

naturally ex wants the money now though doesn’t want to move out yet. What he’s saying is if I don’t give it to him now he won’t sign the legally binding consent order and clean break.

I just don’t know what to do here. My solicitor says that we can do whatever I want to. We can give half the money now and half at divorce finalisation or we can give it all at the end etc.

what would you do? I’m too close to my own situation to make a good decision!

My solicitors advised me not to transfer any money until the financial consent order was sealed - I had to pay an initial sum within 28 days with the reminder (the biggest portion) being due within a date 3 years later. I’ll be holding out to the last second on that date to transfer him the rest

So today has been really hard and my ex has been very smug about everything being sorted. Ha they aren’t sorted!

if I keep the money until I am obligated to transfer I can get a good chunk of interest in a high interest account. If I give it now obviously he can have that benefit.

can we settle the finances now and in that it says that the money will be transferred at finalisation but we both sign now so it’s locked in?

I feel it’s risky for me to transfer anything now but if I don’t will he get really crappy with me over the custody of the kids (he’s already being crap with me over it but I mean crappier)

has anyone been in this situation?