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I just need some advise on the home equity split following the divorce.
I had agreed for my wife to keep the house & for her to take on the mortgage. We have 2 small children so I have 13 years before my percentage of the equity could be released.
Is the equity amount calculated on the value of the house at the time of divorce, or at the time of sale in the future, assuming the house value has gone up.
Firstly let me acknowledge that spltting of assets is a complex issue and is dependant on personal circumstances. But I have never really found a satisfactory answer to the following question.
My x2b and I have no children and live in the marital home that is in my name and that I owned for 10 years before she moved in with me. We are both in good jobs and she owns a 50% stake in another property from a previous relationship. We have been married for 9 years.
My question is whether she would be entitled to 50% of all the equity in the property or just in the increase in its value over the duration of the marriage?