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The property is not mortgaged. The mortgage was paid off from my fathers inheritance
Is there anymore information you require
The house is worth approx 300,000. The outstanding mortgage paid off was 70,000. There are no debts. Assets: 50,0000 plus my mother has died recently and there will be in the region of 250,000. Will he be entitled to some of that money or can I use it to buy him out?
My income is 34,0000 and he earns 60,0000
About 30,000 was part of the inheritance the rest are savings/ISAs. I know he has some savings, however I just want to sort things out, if possibly, quickly and amicably. If he is prepared to accept my offer I would be happy to forgo his pension, as long as he pays alimony of approx £600/700 per month so we have equal amounts of money. The children are still living in the marital home. One is just finishing uni the other is working.
The monies are in my sole name. Please could you explain why he would not be entitled to any of my mother's inheritance. Would I also therefore be entitled to 50% of his pension, if were not to play fair? Thank you