property split

is there a standard formula for calculating what each party receives from the proceeds of the sale of the marital home. My wife insists she will receive 60% of the equity raised.

Thanks
Carl

Hi Carl.

It depends if there are children involved in the marriage (and a lot of other things). The settlements of assets and liabilities usually goes slightly in the favour of the parent with care of the children. For example in my situation, I have two children and my wife has primary care. I've been told by my solicitor I'm not entitled to an equal 50 50 share, it will be more like 35% to 40% share. As it stands at the moment however, I've had zero and its looking like I'm going to continue to get zero for several years to come.

Hope that helps a little.

Best Regards,
Shepherd.

Many thanks for the information. I do have two children also but understand that the size of the accomodation affects the right to an enforced sale of the marital home. From information derived so far if the accomodation is for example three bedrooms and you have two children then a sale cannot be enforced - fortunately i had the additional bedroom and can ask for the sale. Good Luck and thanks again for the info.