Long marriage, pot big enough for all needs, 2 young children, both sides capable of £70k+ pa earnings. Both in 40's. I own 25% of the house that is my mothers home. She is 73. I don't live there. This was part from inheritance when my dad died in 1998, and part gift in 2003. My wifes solicitors believe this should go into the pot at 25% of its full market value. Could anybody advise on the legal position (if there is one). Thanks.
I'm not sure if this is correct, but if it is, and your ex2b was awarded part of your mothers house, she would have to take a charge on it and wait for her to pass away, as the courts are not into making old people homeless through the divorce of their children.
Sorry I can't give any more info. What has your sol said?
Thanks for the quick reply. There would be no need for a charge as the proposal is only for it to be used to offset other assets in the pot in order to determine a final share of the bigger asset (our house). My concern is whether it should be in there at all. Thanks.