My daughter went to court yesterday to sort the mess of the House for her children , which she lives in. Her Ex has been deliberately awkward at one time
expecting her to live in a Rented One bedroom flat with her 2 children. So the
Court Day arrives and the hope of a compromise.
The Ex wants 50% of the equity and immediate sale or remain on the
Mortgage let Susan pay for all Maintenance and Insurance and then sell the
house when George is 18 years and receive 50% of equity. Susan went in with Not
selling the house and he receives 35% of equity with a possible immediate payoff.
The Judge did not agree with either of them what she did say
was that the House does not need to be sold and a way forward would be 40% for
the ex and 60% for Susan as she had to keep a roof over the Children’s Head.
She then sent them away to negotiate, reminding them that it could cost each
one of them £10,000 if they returned to court. Susan told here Barrister to
accept the Judges recommendation and inform her Ex’s Barrister. The revised offer
from Ex Anthony Whitby legal team was he
would receive 52% and Susan 48% obviously this was unacceptable as I expect the
legal team knew, it is in their financial interest to keep the two parties in
dispute
Now I have never particularly liked Anthony thought he was a
wimp and not a very good father let alone husband but I always thought he was
intelligent. Yet I cannot work out his logic when it comes to the House sale
ignore all the moral implications of this settlement and just consider the
financial ones. The Court was told he has spent £16,000 on legal fees, Susan
(Me) costs have been £8,000 I wonder what his solicitor was charging for? Now if he has to pay a further £10,000 THAT
WILL BE A BILL OF £26,000. There is no way he will get 50% of the equity the Judge
practical said that when she suggested a 60/40 split but for arguments sake say
he got 50% that would be £50,000 less
his outlay of £26,000 leaving him with £24,000. When this all started I offered
him a one off payment of £20,000 and most probably gone to £25,000 he refused
letting his heart over rule his head.
So I am beginning to wonder whether he is taking the wrong
advice from his legal team because they are making money of this fiasco. I am
surprised his parents who are nice enough people have not given him advice.
Susan will tell her Solicitor to negotiate and hopefully common sense will
prevail but bullying tactics will not work and if need be I will pay for to go
to court again and if he doesn’t agree on a compromise then we will go again.
He will end up with nothing yes it will cost me a lot of money but sometimes
you have to stick to your Guns no matter what the cost
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