Work on the basis of 2 years.typical time it takes from starting mediating to a signed deal
Yikes. I was prepared for that for full separation to go through, but not to have to live together that long.Work on the basis of 2 years.
23 if in full time education. that's not so far away for the OPcouldn't be sold until your youngest child turns 18
We have no idea (and its none of our business) what events let up to this.Asking OP to vacate ASAP comes across as an overweening sense of entitlement and a touch of arrogance.
Mediation, by its nature, involves two parties setting out their preferred outcomes but, in doing so, acknowledging their willingness to compromise.We have started separation, just had our first mediation meeting where my wife stated she wants me out of the house ASAP.
Am sorry that things have come to this.(no space for garden room - but I could move to holiday home, work from there, come to Dublin once every week or two, staying in hotel for a couple of nights, go to office, see kids - cheaper option than renting in Dublin. I'd prefer that to living in a 400K house in outskirts of Dublin, doubt if I'd see kids more than once a week, but hard to tell)
Thats only 7 years away - at which the property could be sold & proceeds divided.occupy the family home until youngest is 23
Unlikely if she is unable to raise a mortgage & buy out his share.or even own it outright no matter what you do
Sorry you're in this tough situation.We have started separation, just had our first mediation meeting where my wife stated she wants me out of the house ASAP.
I'm not sure of my legal standing. From what I've heard, if things escalate to courts, it can be claimed that I have deserted the family.
Also, I believe the mediation process will last longer now that I would be a thorn in the side.
Where do I stand do you think? Would I be in legal danger if things really escalated if I've chosen to leave home without a separation agreement?
Thanks for reading
Should it be subordinate though? The kids are 16 & 18 & as such are on their way to independence. This path to independence may involve outlay on their 3rd level or other further education that will allow them to stand on their own 2 feet. Subordinating wealth preservation may well cascade detrimentally to the next generation because the family finances took a financial kicking.@DannyBoyD - I don't disagree, I have little experience of family law.
I just think that sitting it out is not going to be good for anyone short or long term, and wealth preservation should be subordinate here.
Be thoughful about how you split the liquid assets - Shares, pension & some cash.main house ~750K with >100K mortage,
a holiday home ~400K we own outright,
shares, pensions and some cash.
Likely outcome after 50/50 split + maintenance is wife and kids stay in main house, I'll keep holiday home, may need to find rental place in Dublin or else commute occasionally from holiday home.
Me moving out is basically the only viable option as one of the kids isn't talking to me. In normal circumstances she could also move out, to remove the tension, but right now, for my situation the only way to remove the tension is for me to go (children have to stay in the home). Now, that's if it makes sense for me to go.Why should you move out? It's a serious question. Why doesn't your Wife move out - again a serious question.
This is what I'm thinking. I need to get an agreeement in place, if I go. Also, I know if I go everything will slow down as there would be zero need to come to any deal from my wife's point of view. Once I'm gone she'll end up in a happy position, no need to work, spends her time looking after kids, I'm gone so no thorn in her side and the only blot on the horizon will be what she is being pressured to do for the mediation/separation which will feel even worse to her while back to happiness with kids.I wouldn't be going anywhere without having agreement in place & written up & signed by both parties that whoever moves out it is a good faith move without prejudice. Do not voluntarily put yourself on the back foot - you could find yourself as an indentured servant for the rest of your days.
I mean his own wealth preservation, but you're correct that aggregate wealth should be maximised to the extent possible too.Should it be subordinate though?
There will be no CGT on the pension if part of the divorce settlement. There would simply be an adjustment order where the wife would be entitled to a portion of it in due course.Be thoughful about how you split the liquid assets - Shares, pension & some cash.
Hm...if it becomes OPs principal private residence post separation will that still apply?CGT on the holiday home could be material if the OP want to sell and buy
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?