Property would probably fetch about £150,000 at present (ex council terraced three bedroom but in a nice area). I have some money from my mother who died in 2011, £10K in premium bonds, £5K in 5 year bond which matures in 2016 and just over £10K in a cash ISA. The rest of my money went on the house/mortgage and a gift to my elder son towards his house deposit in early 2013. I have a 58 reg VW Polo worth about £5K. My husband has only declared £5500 in premium bonds. His private pension will not pay out until at least next year and I am happy not to ask for anything from that as long as I can keep my own pension from the County Council which I have been taking since June 2011. I will get my State Pension in November 2018 and currently work part time 11 hours per week on minimum wage at the local Post Office. My husband works full time and intends to continue working past 65 if possible. He has use of a company car and is currently living as a 'paying guest' with a friend. Hope that helps? Thank you for your help.
At the moment we have agreed that each retains their own pension and money assets. I have not suggested other than 50% split of future house sale proceeds but am concerned that if I were to have any issues with major maintenance - the fence blew down in the recent high winds and may cost up to £2000 to be sorted out, I could be paying out for improvement or maintenance of the main asset but still only get 50% of any future sale price less costs. Would it be reasonable to ask for maintenance costs to be taken from any sale assets before the 50% split? Could that be put into a Financial Consent Order?
Agreed everything but not discussed the details about sharing the expenses before splitting the sale profits, and will not be able to this week as his mother is ill and I don't want to have that conversation while he is worrying. If he does agree this, is it something that can be easily incorporated in a legal agreement?