I am talking to someone regarding possible ways to divide assets in divorce. What are some ways to divide it half and half fairly?
Here are rough numbers:
Home equity: ~225k
Remaining mortgage ~365k
Interest rate 3%
No other debt.
No other non-retirement assets.
Retirement accounts: ~200k
Both want to keep the house.
One can afford the mortgage, the other can't. The other can afford only by renting it out since rent would be higher than expenses.
Here are rough numbers:
Home equity: ~225k
Remaining mortgage ~365k
Interest rate 3%
No other debt.
No other non-retirement assets.
Retirement accounts: ~200k
Both want to keep the house.
One can afford the mortgage, the other can't. The other can afford only by renting it out since rent would be higher than expenses.
Statistics: Posted by Hector — Wed Aug 21, 2024 9:02 am — Replies 10 — Views 268