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  • Wheels123
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14 Aug 24 #523738 by Wheels123
Topic started by Wheels123
I'm after some help, my wife decided to end our marriage but I still love her.
We have a 10 year old daughter, we have a joint mortgage, and we have an equal share of everything. But when we separated, I said about getting the home valued and then a 50 50 split, she's says that it won't be an even split because of my daughter.
We've been married 15 years and together 26 years in total. She has significant higher salary than me. Where do I stand with things.
Also can I say to her she moves out of the home and I'll stay there with my daughter instead of her?
Any help or advice would be greatly appreciated.

  • WYSPECIAL
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15 Aug 24 #523741 by WYSPECIAL
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What’s the domestic arrangements for balancing work and child care now?
Of course you can suggest she moves out especially if she is the one wanting to end the marriage.

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15 Aug 24 #523743 by Wheels123
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At the moment I have my daughter at the weekend and see her one night a week. I'm contributing to half the house bills and daughter school bills.
I'm staying with my mum but of course I have to be very careful of my finances.

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15 Aug 24 #523746 by WYSPECIAL
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Your first post read as if you were both still living in the FMH.
Is your ex likely to want to move out? Especially as you are subsidising her housing costs. Is there a reason you are paying half of the bills if you are not living there?

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16 Aug 24 #523754 by Wheels123
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To be honest I don't know. I'm the one that didn't want the break up and dealing with all the hardship. I agreed to pay half the bills as we were only on a temporary separation/ pause but she took it one step further. I'm very accommodating because of my daughter and I love my wife still. I'm might say I'll move back and she moves out until we come to an agreement with finances?
What is she entitled to and what percentage of the house could she have?

  • hadenoughnow
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24 Aug 24 #523828 by hadenoughnow
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How the assets of the marriage are divided will depend on your respective needs and the means you have between you to meet them.
With one child, you each need a 2 bed place. How much would that cost to buy? Would you be able to borrow enough to buy a 2 bed place with 50% of the equity? Would she?

If a 50:50 split of the capital assets would allow you both to rehouse than that's the likely outcome. If it won't, a lot will depend on the maximum mortgage you can each raise and the deposit you need.

Don't forget that pensions are also in the mix.

You need full financial disclosure on both sides before you can negotiate. mediation may be helpful. It is wise to take legal advice before finalising any agreement. This site offers a fixed price legal financial consultation that you may want to consider.

Hadenoughnow

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