Thank you for your response.
The reality is that the only way to get a full and final settlement in respect of the matrimonial finances would be if you are your husband were to divorce and an order was made by a family court Judge either by Order of the Court or by consent order approved a Judge to confirm the position in respect of the matrimonial finances.
I note that divorce is not contemplated at this time.
It is possible to create a Deed of Trust in respect of any direct contributions that your parents make. It is also possible to agree a separation agreement with your husband to confirm what the current agreement is.
You do have to be aware that a future family court Judge has a very wide discretion and they are able to make an order that is not in line with the separation agreement or any deed of trust.
My worry is that there is significant equity in your property.
In reality with such a long marriage and no other matrimonial assets that the starting point for division of assets is one of equality - that being shared equally.
As you are likely to be the carer of 2 minor children - you should be looking around 10 - 20% higher share than equality for you.
As there is significant equity - if your husband later issued an application for a financial order - the court would entertain this and have a wide discretion in respect of any earlier agreement that has been reached. The court would likely think that it was unfair that your husband has no share in respect of the matrimonial home especially when there are no other matrimonial assets.
I am not saying that a deed of trust in respect of any contribution made by your parents is not useful - it is and does record the position in respect of any contribution they have made. The same goes for a separation agreement with your husband. Just be very mindful that if your husband was to seek a financial order - then this would be entertained by the courts.
Let me know if I can help you further
Please kindly remember to star rate our service so that we receive credit for helping you today