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[Solved] Deed of Trust

 
(@AlbieJack)
New Member Registered

Hi,

I need some advice or some reassurance from anyone who has had similar issues.

Basically, when my partner and I moved into a New house in 2009 with our 4 year old son we had a deed of trust written up.

This basically said that I had put in say 60% of the money and she had put in 40%.

I'd had some inheritance and we both agreed and signed this deed of trust because I put in quite alot more than her.

We are now splitting up and looking at selling the house and although I offered her 20,000 more than her share and also to lend her more money interest free she wants half of the house sale money.

She is taking me to court to get half of the Money because she will be the main carer of our two boys.

Has anyone else had this issue ?

I think the courts will probably go with her as I am in a better financial position, but we are both going to have to pay Big Money in court fee's.

Any help/info would be greatly appreciated.

Thank

Quote
Topic starter Posted : 04/08/2016 11:13 pm
(@dadmod4)
Illustrious Member

I would seriously do the maths to see whether giving her more than she is entitled to, but saving legal fees would actually cost you any more? If so, although annoying, it would be better that your ex has it (and so benefits your children) than the lawyers.

ReplyQuote
Posted : 05/08/2016 2:39 am
(@got-the-tshirt)
Famed Member Registered

Hi There,
.
I would agree with actd, a messy divorce can easily mount up in costs, a friend of mine has just spent 10-15k on his and his wasn't that complicated, he ended up taking less than he was looking for to avoid a 2nd court hearing where his legal fees would have been another 7-8k on top of what he had already paid.
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As acyd has said although annoying you need to decide whether you want to line a solicitors pockets to gain a higher amount of money for yourself or whether to allow your ex that money which will benifit your children in the long run.
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I would take some legal advice to start with at least, but be wary of any solicitors that tell you out right to fight for every penny, there are some very good solicitors out there who are realistic in the approach to divorce and will be realistic, but there also some bad ones that just see pound signs.
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I would also recomend that you and your ex attempt mediation instead of going straight down the court route, hopefully with the help of a mediator, you could come to an agreement without even ending up in court. if you are able to reach an agreement in mediation then a solicitor would right this agreement up and then you can file for the divorce on those terms.
.
GTTS

ReplyQuote
Posted : 05/08/2016 8:28 am
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