All Forum Posts by: Christopher Licciardi

Thank you Dan.  Good advice.  We are both responsible for the mortgage.  We are also about to renovate and took out another loan for this purpose.  The mortgage and loan are paid for 50/50 by each of us.  I was inclined to us a straight cash outlay formula.  Cash out would include any money put out for principle, interest, structural maintenance, taxes, and renovations.  It would exclude yard maintenance and utilities.  When we go to sell, if she put out 75% and I 25% of the cash, that would be our share of proceeds.  I agree, a lawyer will be helpful.  

Doesn't anyone have some advice on this issue?

My 2nd wife and I purchased an expensive home together. She put up the entire down payment with her savings. All other costs are shared equally including taxes, maintenance, mortgage payments, etc. We both have children separately so a fair split of equity is important. We are looking for guidance on share of equity on sale. We have discussed an equity split based solely on total capital outlay for each of us. If over time she puts out $1,000,000 and I put out $500,000, her share of equity at sale would be double my share; 66.6% and 33.3% respectively. Would this be a standard way of calculation equity? Is there a standard that would apply?

My 2nd wife and I purchased an expensive home together.  She put up the entire down payment with her savings.  All other costs are shared equally including taxes, maintenance, mortgage payments, etc.  We both have children separately so a fair split of equity is important.  We are looking for guidance on share of equity on sale.  We have discussed an equity split based solely on total capital outlay for each of us.  If over time she puts out $1,000,000 and I put out $500,000, her share of equity at sale would be double my share; 66.6% and 33.3% respectively.  Would this be a standard way of calculation equity?  Is there a standard that would apply?