Hi
Recently separated from husband. Have no cash between us but large equity in the house which will have to be sold. We have 4 children. My question is, whatever I get awarded by the court (whether 50% of the house proceeds or more), do I HAVE to buy a house with the proceeds (although I probably will). Could I, for example, go into rented and spend some of the money on eduation for the children, or a car, etc. Can the courts (or my ex) restrict what I do with the funds? Or are they mine alone.
My reason for asking, is that DD2 is about to get her secondary school place. Ex (and I, to be fair) both wanted to get her into a really good school that also has boarding facilities. In order to try and get her in (we tried with DD1 and didn't get in :( ) we applied for boarding. Now, of course, even if she gets in, we can't afford it once everything financially is split. My question is whether I can let her go and pay out of my share of the proceeds of the house, or can I not do that?
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Divorce/separation
Question re house settlement
4 replies
Lisaj2108 · 05/02/2013 10:41
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