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Title: My dependance on her to keep the home. Post by: Pedro on July 11, 2017, 11:11:07 PM My dependance on her to keep the home. She invested considerable sums of money into renovating the house. I have to sell it to give her her money back at least.
I'm not hoping for anything just planning worst worst worst. Title: She invested considerable sums of money into renovating the house. Post by: Skip on July 11, 2017, 11:31:12 PM What formal agreements do you have in place?
Title: She invested considerable sums of money into renovating the house. Post by: Pedro on July 12, 2017, 12:17:43 AM There is nothing formal in place. I will give her whatever she is entitled to legally. Neither of us thought we would separate, we were so close, she wouldn't have invested money into the house or moved county's to move in with me & change jobs if we didn't think we were going to spend the rest of our lives together. I truly believed in this person, I love/loved her. We're one of millions of couples around the world that didn't put anything on paper either in good faith or naively? This is the frustrating thing, we have so much in common, we have the same quirky sense of humour & laugh at things that many others wouldn't. When she was well were each others best friends, soul mates, we could lean on each other for our respective strengths & weaknesses respectively. This is why it has been so bloody frustrating also Skip
Thanks. Title: Re: She invested considerable sums of money into renovating the house. Post by: Skip on July 12, 2017, 03:01:27 AM I will give her whatever she is entitled to legally. Pedro, its really important that you step above your broken heart right now and take care of yourself. If you had run off and moved in with a girlfriend, how would she have reacted if you said sell of the home next week and send me my share? Its time to look at way you can compensate her AND also continue in your home. For example, you might charge her for the rent of living there and subtract from that he money she put into the house for renovation and mortgage. Or maybe you can take a settlement value for her investment (the vale it added to the home) and pay her a small lump sum and pay out the rest over time. My suggestions are shoots in the dark as I don't know the financials here, I'm just trying to stimulate conversation for you. This article may help. Also, since you are no longer a couple, you could charge her rent for staying in the house when she comes back. You don't have to blow up your life because she blew up the relationship. What do you think? What are some things you can do? Excerpt The family home Often the largest asset that a couple will have built up together over time is the family home. On divorce, where agreement has not been reached, the family court can be asked to exercise its wide powers to impose a fair and reasonable solution which can include changing the ownership of the property or altering how much each owns in the property. Not contributing to the purchase or mortgage repayments of the home might leave you with nothing after a break-up. Property is often used as well as part of pension off-setting agreements, where one spouse gets to keep their private pension, while the other gets the property or cash. It is not necessary for both parties to have made a monetary contribution to that property. One may have been the breadwinner and the other the homemaker. The same cannot be said for a co-habitating couple and the law on which they must rely is not particularly tailored for their relationship, but is complex and based on trust law. If the couple purchased as joint tenants, either of them could apply to the court for an order that the home is to be sold and that the proceeds are to be divided equally between them. If it's bought as tenants in common then it's assumed that both will have a beneficial interest and the property to the extent that they contributed. If it's only owned by one of the couple, an investigation has to be made as to whether the other has an interest because they have contributed to its purchase, mortgage repayments or repair and improvement. If there has been no such contribution, what the parties said to each other or led the other to believe by their conduct may be important and what they intended has to be considered. Over the passage of time that may have altered or become blurred. It is not uncommon for one of the couple to find that, despite living together in the same home for many years owned by the other, they have no interest in the property because they made no financial contribution to it and there was no indication from the other that it was a joint property. On separation they may have to leave without any financial help from the other to re-house. Maintenance On separation, unmarried are not able to claim maintenance from each other as in the case of a married couple. However, if there are children then whether the couple are married or not, the natural parent of those children is obliged to pay maintenance. As a result, the co-habitee may be left with very few sources of income, especially if they have the care of children and are unable to work. Read more: www.thisismoney.co.uk/money/guides/article-2650606/What-money-rights-unmarried-couples-break-up.html#ixzz4mbMN6HOf Follow us: @MailOnline on Twitter | DailyMail on Facebook Title: Re: My dependance on her to keep the home. Post by: Pedro on July 12, 2017, 11:23:56 AM Sorry if my last posts intimated your comments in your first paragraph. I'm not running off ASAP. Things will be done legally & as professionally & mature as is possible. We both informally n verbally agreed to pay things as we have done last 6 years till house sold.
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