I'm going to ignore the initial property because it appears that
just within the marriage it was bought and sold the way that people buy and
sell our house, and move house, within a marriage, as people normally do.
So you have a long marriage of nine years +3
you have 2 houses, one worth 360 with 135 of equity
the other with £70,000 of negative equity
so the equity in the marriage is £65,000.
On this as being a relatively long marriage. It would add in
also, at the time you were together before marriage.
Regarding the division of assets, if there are no children
the starting point is 50-50.
That then gets adjusted depending on time married and need to
provide for children and who has them and unequal inputs.
For example a girl with nothing marries a millionaire and gets
divorced after 12 months. She wouldn't get 50%
If they had been married for 40 years but never worked she is
still unlikely to get 50% but would get a substantial chunk.
If he wasn't a millionaire and she worked and contributed, after
40 years she would get 50%, maybe more.
It isn't an exact science or calculation. The fact that a house
may now be in one name only matters not a jot. If one party put all the equity
in, say from an old house, that will adjust the split in their favour,
diminishing as time goes on.
"With all my worldly goods I thee endow" doesn't work in
This may be useful http://www.bbc-law.co.uk/divorce-finances-faq.php
have no children and I think therefore all the assets, would be lumped together
and split 50-50. Your ages in this case are immaterial.
is one potential fly in the ointment and that is the gift from the family.
would depend when that was made and whether it was a gift to the pair of you.
it was made very recently and just to him, the chances are that would be taken
into account and would go in his share in the balance divided. If it was a gift
to you it would simply go into the pot. If it was a gift to him but made some
time ago, would be divided. Once again, there is no exact formula.
There is a very slim possibility
of a liability for spousal maintenance, maintenance paid to keep a spouse , as
opposed to children. Although most commonly paid from husband to wife, that is
not necessarily the case. Spousal maintenance is based on both incomes, ability
to earn money, previous lifestyles and most importantly, need. It is not about
equalising incomes. There is no exact formula, but these links will give some
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