Sense check - 50/50 divorce financial settlement

[TrickyExHelp]

Hi all,

I’m likely to be taken to court by my ex soon to sort out our divorce settlement finances. May I please check my understanding of settlements on a 50/50 basis when the wife wants to buy out her husband’s share of the house? For example:

*Both partners work full time

*Both partners have equal pension amounts.

**House has £400,000 equity (mortgage taken out)

*Wife savings = £0 (just finished clearing debts)

*Husband cash savings = £200,000

If the husband’s savings are offset against the house, does this mean that the wife needs to buy him out his share of the house for £100,000?

thanks!

Exactly that

Though he might argue you should not have used your savings to pay off your debt (if it was solely your debt)

Don’t let it get to court. That’s insane for figures of these amounts.

Assuming both the debts and the cash savings were accrued during the period of the marriage then yes on the face of it that would look like a 50/50 split which is the starting point for financial settlement

Thanks for your help everyone - that’s really good to hear! should be able to pay him £100,000 for his share of the settlement by extending my mortgage and through help from my family.

Assuming he hasn't got £200k due to a recent inheritance then yes, £300k each, though he might want to stay in the house and buy you out.