I am separating from husband of 11 years. I have just moved out into a new location and before the move, we had a talk about property division and spousal support.
He is not sure about selling the house, because the mortgage right now is low and is on a fixed rate for another 3 yrs. So he may choose buy my share and pay monthly spousal support.
Someone told us, it's easier to sell the house and pay lump sum, rather than pay spousal support that has to go through tribunal 8 months.
We have no kids and the only asset to divide is the house. Is this true about going through tribunal? I thought all we have to do is get a lawyer to legalize the separation agreement and then we can either sell the house or he buys my share?
He is not sure about selling the house, because the mortgage right now is low and is on a fixed rate for another 3 yrs. So he may choose buy my share and pay monthly spousal support.
Someone told us, it's easier to sell the house and pay lump sum, rather than pay spousal support that has to go through tribunal 8 months.
We have no kids and the only asset to divide is the house. Is this true about going through tribunal? I thought all we have to do is get a lawyer to legalize the separation agreement and then we can either sell the house or he buys my share?
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