vincent123
Registered User
- Messages
- 2
Hi all,
I’m a newbie to this forum but would love to get some advice on selling our house.
My wife and I separated over 2 years ago. It is an amicable separation and we are on good terms all the time. We are both 55 years of age. We have 3 children; the youngest was still at home when we separated as was going to college. She is now finished her education and is 22 years old. When we separated we agreed that she would move to rented accommodation and I would pay her maintenance every week and that we would sell our house and divide the proceeds once the youngest finished college. We don’t have any formal agreement between us. My wife didn’t work outside the home and mine is the only income.
It is my intension to put the house on the market later this month. I would hope it would make around 300K and we have 45K mortgage on the property.
My questions are; do we need a formal agreement before selling the house and once we sell and divide the proceeds should I still pay maintenance. Is my wife entitled to any benefits?
I’m a newbie to this forum but would love to get some advice on selling our house.
My wife and I separated over 2 years ago. It is an amicable separation and we are on good terms all the time. We are both 55 years of age. We have 3 children; the youngest was still at home when we separated as was going to college. She is now finished her education and is 22 years old. When we separated we agreed that she would move to rented accommodation and I would pay her maintenance every week and that we would sell our house and divide the proceeds once the youngest finished college. We don’t have any formal agreement between us. My wife didn’t work outside the home and mine is the only income.
It is my intension to put the house on the market later this month. I would hope it would make around 300K and we have 45K mortgage on the property.
My questions are; do we need a formal agreement before selling the house and once we sell and divide the proceeds should I still pay maintenance. Is my wife entitled to any benefits?