What is the name of your state? NY
when my x and i started our divorce proceedings, we agreed to use 1 lawyer.. HIS lawyer... (I know, bad move) but i felt bad for him and i wanted to be fair... well, now i am afraid that i'm getting worked over, so i'd just like someone opinion...
We have 3 children (I am the CP) and a house together... so as to not force me to sell the house, or put us out on the street, i assumed all bills with the house... his lawyer wrote up that because he could have forced me to sell the house, that he should get a settlement of half of the profit when i do sell the house (wether that be 2 or 20 yrs from now) For example.. the house is worth 300000... we pay the mortgage first of 120000 leaving 80000 profit to split. So now i owe him 400000.. it is written as a mortgage against the house that has no monthly payments.. it is due when my youngest child turns 18 or i sell the house and accrues 5% interest. It seemed fair at the time... but please can someone tell me what i'm not seeing...
Also... i am not collecting alimony from him, nor am i charging him storage on any of his belongings that are still here... In your opinions, do you think I should retain a lawyer quickly... stop the proceedings and have the papers rewritten so that the alimony I should have forced him to pay comes off that mortgage, as well as storage? Or does the above seem like a fair deal and as good as its really going to get?
I'm sorry if that's not enough information or if its scattered, i'm a little upset now... Thank you all soo much for your help...
when my x and i started our divorce proceedings, we agreed to use 1 lawyer.. HIS lawyer... (I know, bad move) but i felt bad for him and i wanted to be fair... well, now i am afraid that i'm getting worked over, so i'd just like someone opinion...
We have 3 children (I am the CP) and a house together... so as to not force me to sell the house, or put us out on the street, i assumed all bills with the house... his lawyer wrote up that because he could have forced me to sell the house, that he should get a settlement of half of the profit when i do sell the house (wether that be 2 or 20 yrs from now) For example.. the house is worth 300000... we pay the mortgage first of 120000 leaving 80000 profit to split. So now i owe him 400000.. it is written as a mortgage against the house that has no monthly payments.. it is due when my youngest child turns 18 or i sell the house and accrues 5% interest. It seemed fair at the time... but please can someone tell me what i'm not seeing...
Also... i am not collecting alimony from him, nor am i charging him storage on any of his belongings that are still here... In your opinions, do you think I should retain a lawyer quickly... stop the proceedings and have the papers rewritten so that the alimony I should have forced him to pay comes off that mortgage, as well as storage? Or does the above seem like a fair deal and as good as its really going to get?
I'm sorry if that's not enough information or if its scattered, i'm a little upset now... Thank you all soo much for your help...