Hi guys,
Long story but after calculating the marital home and investments, our net worth together is negative.
We are both in our 20's with no children and she's finishing school while I work. My job is decent but not decent enough to keep up with her enormous spending habits.
Anyway, what would be the process for dividing the home since it's actually worth less than the mortgage right now?
Would we essentially take on a certain amount of debt each proportionate to our income and that's it or am I stuck holding the whole bag considering I'm essentially the only one currently working?
We've been married about a year and a half and I'm worried as to how much this is going to cost me. Ideally, I'd rather just assume all the debt, give her nothing and send her on her way.
Long story but after calculating the marital home and investments, our net worth together is negative.
We are both in our 20's with no children and she's finishing school while I work. My job is decent but not decent enough to keep up with her enormous spending habits.
Anyway, what would be the process for dividing the home since it's actually worth less than the mortgage right now?
Would we essentially take on a certain amount of debt each proportionate to our income and that's it or am I stuck holding the whole bag considering I'm essentially the only one currently working?
We've been married about a year and a half and I'm worried as to how much this is going to cost me. Ideally, I'd rather just assume all the debt, give her nothing and send her on her way.
Comment