Help… what is a fair settlement?

[Trailmix3]

Some facts about me and husband

married over 10 years
house worth 340k and we have about 150k equity
3 children
I earn around 50k
he’s in a slightly worse position around 40k but quite a bit of personal debt

we have agreed that due to his weird hours at work and my ability to take on the mortgage, I could remain in the house and buy him out.

with the kids, they will be staying with me Sunday-Thursday then we will split the weekends (every other weekend)

he will take them for tea couple of times a week and help more during holidays. He could come over at weekends too and see them if he drops them off at school.

wikivorce says to go for 60:40 split? Is that possible?

we’ve also agreed that we will remove 20k from his equity because we took on a bigger mortgage to cover his credit card debt. I know this is now considered joint debt but he’s agreed with me that it’s his doing.

what is a fair number to offer him for a clean break?

can we agree this number ourselves? Can a judge reject?

we don’t want to include pensions either, we both agree we probably have similar pots

Won't you need to get his business valued and added to the asset (or debt) pot too?

The business definitely needs to be valued. It is an asset. Is he the only owner? This could give you leverage over pension/house equity. Don't agree to anything or propose anything until you know the value of each element: house equity, pensions, savings, business value, debt. There might be a case to argue that you shouldn't be liable for his debt, and then everything else is split 50/50. Download Form E for guidance; use mediation if you can't come to an agreement. You don't need to be paying lots of money to a solicitor at this point.