Thank you for your question
My name is ***** ***** I shall do my best to help you
I am afraid that there is no way that this would be viewed as dissipation of assets.
That is about deliberately disposing of existing assets - not ending the relationship before potential profits can be realised
However the loss of your pension can be argued as a point in the negotiations
I hope this is of assistance please ask if you need further details
What is the name of the next hearing and have you been told to file a statement
How many hearings have there been so far?
What offers of settlement have been made?
Why would she need to extend?
What pension provision does she have?
The money for her mother certainly need stop come from the capital prior to division in any event.
How many bedrooms does the matrimonial home currently have and how old are the children
How much would it cost to turn it back into a three bedroom property?
Aside from that loan is there a mortgage on any of the properties?
Sadly you are correct - it will almost certainly be treated as a lion and thus as a joint debt
The capital assets amount to £170,000 against which there is a debt of £35,000
On that basis a position where your ex has the larger property you have the smallest property and the third is sold, her mother paid off and the balance divided equally between you is a realistic settlement
What she wants and what she gets will be two different things.
Half of the remaining equity in property 2 will allow her to turn the matrimonial home back into a Three bedroom property
But she doesn't need a section of it does she
Ok so she has to have a small part of it - but that is all
Your written offer should be made taking all this into account
Is there any way around the entrance issue?
What was your income last year?
Do you trade as a limited company?
Then the tax bill is unlikely to be that high.
It is not a joint debt as such but it will be a debt that needs to be taken into account in the proceedings
Your approach should be as set out by you - with a realistic approach to the entrance issue