Ask a Law Question, Get an Answer ASAP!
Probably both! But to be fair, I want to know my legal situation at this point. He doesn't know what I know about him. I need to know what his financial obligations would be to me. We have been married for 26 years, have a home with a mortgage that has 6 years left on it. I gave up self-employment last year and stay at home to deal with all the admin for his gardening business.
The house is worth about £280,000...I spent my inheritance money having a sizeable extension added to it earlier this year. Before that, it would have been worth about £220,000. There is roughly £70-80,000 outstanding on the mortgage. We have three sons, all grown up now, but the youngest two aged 21 and 23 still live at home.
My father died in January 2012, and I was the sole Executor of his estate. My share of the inheritance money amounted to just under £110,000. I used it for the extension, paying off some debts, and keeping us afloat last year while he had little work coming in. He is a self-employed sole trader and his gross income last year was about £40K. I have no income any more, although I do have inheritance from my mother who died three years ago, I put that away in a savings account which matures at the end of this month and that totals £35,000.
I don't know, I would have to take a look but I know that two bedroom homes in the area go for about £110 - 120,000 if that's any help.
Thank you for the information. Can I print this off? It's OK - Ive just done it, thank you.