Posted on: 16th May, 2012 07:02 pm
My husband and I own commercial real estate. We are contemplating divorce and have been legally seperated for 2 years now. The joint property we own, he operates a shoe repair and uphostery shop and he resides there. He has full use of the property and he wants me to share in with the mortgage, insurance, and taxes. He receives all profits and does not share any with me, but he wants me to share in the cost of his expense. He gives me $300 a month for our 6 yrs old daughter and not on a regular basis. I am so confused, because he does not give me any assistance with the residential mortgage (home in which I am residing), utilites and home/auto insurance. The home I am currently residing in is in both our names and the utilities are in both our names and I pay all the outstanding debts. I told him he should help me if he wants me to help him. Bottom line, as a property owner receiving no profits from husband business and have 100% use of the joint real estate, is it my responsibility to pay half of the property expense and can we agree in the divorce settlement that he keeps the commercial and I keep the residential property?
Welcome Guest,
As your husband is not helping you with the expenses of the property that you're living in, I don't think you should help him with the expenses of his property. Nevertheless, you can contact a real estate attorney and take his opinion in this regard. You and your husband can formulate the divorce settlement in such a manner that he is able to keep the commercial property and you keep the residential property.
As your husband is not helping you with the expenses of the property that you're living in, I don't think you should help him with the expenses of his property. Nevertheless, you can contact a real estate attorney and take his opinion in this regard. You and your husband can formulate the divorce settlement in such a manner that he is able to keep the commercial property and you keep the residential property.
Thank you for responding so quickly.
You're welcome, Guest!! :)
Sounds like you're getting the raw end of the deal ... you really need to visit with a Divorce Attorney, and get legally separated. That way finances will be defined by the legal system, and it'll be fairer then what you're experiencing now.
Thank you guest for sharing your opinion!! :)