Thank you for your response.
We are yet to start any divorce proceedings.In the letter he wants me to agree to spilt the debts that we had up to 2011(when we separated).However i do not know the amount of debt that is. We have 3 three children together,two who are over the ages of 18.Would it help if i attached the letter that he gave me?
Here is the letter sorry for the late response:
To make this as easy to understand as possible,I will simply list the things you need yo do and the things i will do as follows.
Things you need to do
1.Resign as director of Point 545 Limited
2.Transfer your shareholding in Point 545 Limited to me
3.Be liable of 50% of our debt as at February 2011
4.Sign divorce papers and relinquish marriage certificate
5.Give me access to the family photographs and videos
Things I will do
1.Pay you 10% of the gross CVC commission i received from UWDC on a monthly basis for as long as tje distributorship is in existence
2.Pay you 50% of the equity of 53a Deans Lane,that being the value,less any mortgage or charges
3.Be liable for 50% of debt as at February 2011
4.Continuance of life policy in your favour for £100,000
5.Fund lease on car up to £200pm until Nov 2022
6.Pay for accountant to handle tax affairs until Nov 2022
7.Continue child maintenance payments
8. Contribute to maintenance of children through university to the best of my ability
The above settlement would give you more money now with built in increases going forwards.
Some aspects of the above will take time to implement,however the payments to you could commence upon your written agreement to the above,however will be suspended should the process stall.
I would also need to have an official financial settlement drawn up,for which i will bear the costs.
Feel free to ask about anything you do not understand and if you want to proceed,please sign where indicated below.
I recommend you take independent legal advice.
We agree in principle to the above forming the basis of a financial settlement and understand that all aspects need to be completed in a reasonable time frame and in all cases,no longer than three months.
Our children are 9,18 and 19
We lived together 18 years.
I do not know the amount of debts that we occurred as my ex-husband has those details.We own a house in london,that is the only assets that i am aware of.He earns around £6,000pm and i earn around £400 give or take per month.
At the moment he is in charge of the property and is renting it out.Am i entitled to half of the money he is collecting for the rent?
We both do
Im not exactly sure,i want the house to be sold and then the money to be split two ways.What do you think I should do regarding the letter?
The house is london is currently occupied by tenants. I currently live in a a rented house in Milton Keynes with my children.If the house was sold i would continue to live in Milton Keynes.
I am not sure of the current value of the house,as my ex-husband has this information.I haven't looked into buying a house for me and my children as of yet.I would imagine it wouldn't cost any more than £250,000.
Do you think I should sign the letter?
Okay, thank you. What do you reccomnend I do next?
Yes, but my finances are my piority.As I'm struggling financially and need this to be resolved. How should I go about getting them sorted?