I know I've asked already but I really need help. My husband and his exwife are going through what we hope will be a final round of money battles. She's already received 110,000 from liquidated assets, and we've liquidated more assets to pay her 2200 a month. We only have my husband's trust (held in England) and our house. Everything else has been sold to pay her.
Here's the deal:
We sell off 80,000 pounds (the trust is worth about 500,000 but my husband does not have a pension/retirement fund and he's 50) which would pay her off and pay off what we owe on the house or
We sell our house and make a $150,000 profit after paying her off and paying off what we owe on the house.
Please help me. What would you choose and why?
2007-02-24 02:24:48 · 6 answers · asked by Yogini 6 in Family & Relationships ➔ Marriage & Divorce
My husband is also employed (very unexpectedly)
and we have joint custody of his teenaged son.
2007-02-24 02:32:43 · update #1
I meant unemployed unexpectedly
2007-02-24 02:37:43 · update #2
Lawyers are involved
2007-02-24 02:38:47 · update #3
i would pay her off as soon as possible, which option gets that done? i would hesitate to pull out of his trust fund though, as you said he doesn't have a retirement plan> selling a house can take some time, so if that is your choice, put it up for sale now and look around for something else!
2007-02-24 02:33:39 · answer #1 · answered by Carrie H 5 · 0⤊ 0⤋
that is such a hard question to ask but as a personal choice i would choose the first option. i would choose this because selling the house would prove to be a very big deal and it cause a lot of problems, at least with the first option you can get rid of her without having the upheaval of moving which can be very very stressful.
plus you don't want to lose the capital of having a house as well as losing the memories that you have had there.
thanks, hope this helps.
2007-02-24 10:32:55 · answer #2 · answered by Gareth B 1 · 0⤊ 0⤋
talk to your lawyer and accountant . see what cheapest option . not sure about england but someplaces retirement and pansion funds can't be touched . how do you think OJ can afford to go golfing ?
2007-02-24 10:37:07 · answer #3 · answered by crazy_ol_hippie_radical 6 · 0⤊ 0⤋
i would say sell your house and pay her off so she would leave u guys alone
2007-02-24 10:29:19 · answer #4 · answered by crystal w 3 · 0⤊ 0⤋
you need to talk to a lawyer fast.to see what you are paying all this money to her. when you have the kid
2007-02-24 10:36:16 · answer #5 · answered by freeman3905@sbcglobal.net 6 · 0⤊ 0⤋
i agree with crystal
2007-02-24 10:30:06 · answer #6 · answered by sweetgranny06 7 · 0⤊ 0⤋