My family and I like to split up, and have now agreed in theory me half the value of the house we share and I’ll move out that she will pay. As she’s got simply inherited a lot after her father’s death she will do that. We’ve paid down the home loan. We now have 5 kids all over 21, four of those residing in the home, working, and having to pay their share regarding the outgoings.
I’m 67 and have now just retired, she’s 58 and works part-full time making a decent income, and does not would you like to throw in the towel work.
My concerns are:
Exactly exactly What formalities do we truly need to be able to effect the buyout? Can it be influenced by appropriate separation / divorce proceedings?
Is any stamp duty due about this purchase?
This really is just viable it’s a clean break financially and she has no further claim on my pension for me if. Continue reading “Wife would like to purchase me personally away from our home – just how to do that?”