I will "try" to explain this the best I can ... I could REALLY use advice as this is involving 2 people I love deeply and I only want what is fair and just for BOTH of them.
If 2 people own a large home (with a mortgage & debt) ... and after figuring out assets/liabilities figure that if they sold they would both come out with approx. $75,000 each.
If the "father" wanted the "mother" to STAY in the home could they draw up an agreement that the $75,000 of his share be "waived" and used to offset child support for "x" number of years ... (ie. he's to pay $1,000/mo in CS so for 75 months he doesn't have to literally "pay" that)?
Is that "legal"? Would a signed agreement by both parties and witnessed work? Would it hold up in court?
TIA
If 2 people own a large home (with a mortgage & debt) ... and after figuring out assets/liabilities figure that if they sold they would both come out with approx. $75,000 each.
If the "father" wanted the "mother" to STAY in the home could they draw up an agreement that the $75,000 of his share be "waived" and used to offset child support for "x" number of years ... (ie. he's to pay $1,000/mo in CS so for 75 months he doesn't have to literally "pay" that)?
Is that "legal"? Would a signed agreement by both parties and witnessed work? Would it hold up in court?
TIA
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