Wife really wants to purchase me personally away from the house – how exactly to try this?

Wife really wants to purchase me personally away from the house – how exactly to try this?

My family and I desire to split, and also have agreed in theory me half the value of the house we share and I’ll move out that she will pay. As she’s got simply inherited a lot following her father’s death she will repeat this. We’ve paid the home loan. We’ve 5 young ones all over 21, four of those residing in the home, working, and spending their share associated with outgoings.

I’m 67 and also have just retired, she’s 58 and works time that is part-full a decent wage, and does not wish to throw in the towel work.

My concerns are:

Just just What formalities do we want so that you can impact the buyout? Could it be determined by legal separation / divorce or separation?

Is any stamp duty due with this purchase?

This will be just viable it’s a clean break financially and she has no further claim on my pension for me if. Read more