Good evening all,
As my negotiations are always ongoing here is the latest that I got from my ex's lawyer who is closing down her practice. I have sent in several offers to settle and this is what I get. For the equalization on my part I owe the ex $76,000. Does anyone think this is a fair offer from the ex??
Hello Me,
If you were to transfer the house to said ex (along with the balance of equalization by pension transfer) and then she sold it, then she would get 100% of the net proceeds. Plus, the pension transfer would be higher because it would have to add 50% of the costs of disposition (realty and legal fees to transfer and sell)
If you were to jointly sell it, she should still get 100% of the net proceeds plus the balance of equalization by pension transfer. There is no logic or benefit in her selling it with you to give you 1/2 the proceeds. She needs the money now to build a new life, get a home, etc., as she did not have the benefit of building a great career, pension, etc., like you did. The pension is essentially useless to her right now, as she needs to buy another home and build a new life.
It is better to just sell it jointly and give her 100% rather than incurring the costs and legal fees of paying to transfer it to her and then again to sell it.
Let me know if you will agree to selling it and her getting 100% of the net proceeds plus the balance of equalization by pension transfer. That would be the only settlement she would be in a position to agree to at this time.
Since it looks like we won't be able to settle this before I close, your ex's new lawyer will get in touch with you once she retains one.
Take care,
misleading lawyer
As my negotiations are always ongoing here is the latest that I got from my ex's lawyer who is closing down her practice. I have sent in several offers to settle and this is what I get. For the equalization on my part I owe the ex $76,000. Does anyone think this is a fair offer from the ex??
Hello Me,
If you were to transfer the house to said ex (along with the balance of equalization by pension transfer) and then she sold it, then she would get 100% of the net proceeds. Plus, the pension transfer would be higher because it would have to add 50% of the costs of disposition (realty and legal fees to transfer and sell)
If you were to jointly sell it, she should still get 100% of the net proceeds plus the balance of equalization by pension transfer. There is no logic or benefit in her selling it with you to give you 1/2 the proceeds. She needs the money now to build a new life, get a home, etc., as she did not have the benefit of building a great career, pension, etc., like you did. The pension is essentially useless to her right now, as she needs to buy another home and build a new life.
It is better to just sell it jointly and give her 100% rather than incurring the costs and legal fees of paying to transfer it to her and then again to sell it.
Let me know if you will agree to selling it and her getting 100% of the net proceeds plus the balance of equalization by pension transfer. That would be the only settlement she would be in a position to agree to at this time.
Since it looks like we won't be able to settle this before I close, your ex's new lawyer will get in touch with you once she retains one.
Take care,
misleading lawyer
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