Hi,
I live in Alberta and I have recently split up with my common-law partner in which we have lived together for 3 years.
2 years ago, we begun the process of purchasing a brand new house, she made a down payment of roughly 150,000 for the house. Fast forward 2 years now, we are now debating as to how we split up our assets; so far we have no issue on how to split up furniture and other little things. However with the house, we're butting our head.
We have built the new house and the title is in both of our name, the mortgage we've made is 68% in her name and 32% in my name. Now, as far as that goes, that's just the mortgage part, not the house. How much we both paid for mortgage payment out of our pocket can't be confirmed as we have joint bank account; most likely 50/50. Once the mortgage is paid off with the sales of the house, how the remaining money is split up is in dispute. She believes that she should get the entire amount, even at profit or loss. I disagree as it's difficult to believe that after 3 years of commitment to this relationship, I walk away with little or nothing.
How does matter like this get settled with or without going to court?
I live in Alberta and I have recently split up with my common-law partner in which we have lived together for 3 years.
2 years ago, we begun the process of purchasing a brand new house, she made a down payment of roughly 150,000 for the house. Fast forward 2 years now, we are now debating as to how we split up our assets; so far we have no issue on how to split up furniture and other little things. However with the house, we're butting our head.
We have built the new house and the title is in both of our name, the mortgage we've made is 68% in her name and 32% in my name. Now, as far as that goes, that's just the mortgage part, not the house. How much we both paid for mortgage payment out of our pocket can't be confirmed as we have joint bank account; most likely 50/50. Once the mortgage is paid off with the sales of the house, how the remaining money is split up is in dispute. She believes that she should get the entire amount, even at profit or loss. I disagree as it's difficult to believe that after 3 years of commitment to this relationship, I walk away with little or nothing.
How does matter like this get settled with or without going to court?
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