Spliting the assets after a split

[Greenkit]

Facts

My husband and I have been together for nearly 30 yrs

We have three children 29/22 and 20

We own our own 4 bed home, worth about £350 and just under £100.000 to pay on the mortgage

We have three dogs and a cat

We both work, I earn around £26.000 and he earns £40.000

His father owns a house, paid out right which is worth £350.00 and will be split between husband and sister when he passes (I love my FIL and so I’m not wishing him to pass for a long time, he is 86yrs)

We have our own cars

We have always paid the house bills/mortgage down to middle. I have always worked, even when the children were small.

When we got on the house market, we bought our first house off my mum for about £10.000 less than it was worth; one was because we couldn’t afford more and two it was a little something for me to start us off.

Right, I don’t love him anymore and have suggested we split, what is a fair way to divide the assets and would I be entitled to any of his inheritance when his father passes, if so how much?

I haven’t added any feelings in the above post, so may come across and cold hearted.

You shouldn't rely upon anyone giving you a precise answer to your question. An anonymous internet forum isn't the place to get reliable advice.

One method to choose to resolve this issue is by attending mediation. This works better if you each have legal advice because you know where you stand and can negotiate with confidence.

His inheritance won't come in to it. It's too speculative. Father might leave it to someone else, or have it swallowed up in care home fees.

Thank you

Im just trying to get my head round it all.

You would need to seek legal advice wrt reaching a financial settlement based on the assets of the marriage. Tbh where and from whom you bought the house is irrelevant as it became an asset of the marriage as soon as you were married, and having been married for 30 years this is absolutely the case.

In terms of potential future inheritance, no you absolutely wouldn’t be entitled to any portion of that - in fact even current inheritance isn’t straightforward. But the reality is that the FIL is still alive, there is no way of knowing how his legacy will work out....And to be absolutely honest,if I thought that a child’s ex was able to make a claim on my estate I would change my will to leave it all to someone else and work out the details between them.