Divorce, how to deal with house/apartment.
Divorce, how to deal with house/apartment.
In my case I choose to took extra loan and buy my Finnish ex-wife out. Now I wonder am I doing wise thing ???
Re: Divorce, how to deal with house/apartment.
I was once told by a divorce lawyer that it is better to sell the ex-family home whenever possible as by doing so, you completely end the trail of any communal property that ever existed and no ex-spouse can ever come back and demand more money from his/her ex-home. I'm sure that in Finland these things are more organized, but just make sure that it is all legally signed and sealed that the former spouse has and can never have any claim on any part of the property.
My comment springs from a true story: Dublin 1998, couple I know legally separate, he buys her out of family home. Fastforward to about 2002, they are legally divorced by this time and he is with new partner. Dublin house properties have risen through the roof. Ex-family home now worth 6 times (yes really) what it was in 1998. She comes back with lawyer saying she didn't buy a new property right away, saved the money in a bank, now it is not enough to buy anything in the Dublin area, so as her ex-house is worth so much she deserves more - and, believe it or not, she got more money. Seems, that due to a fine point of law, if the house had been sold and he had bought a different one, she couldn't have come back and asked for more money, because it would have been a totally different house.
Very likely this can't happen in Finland, but just make sure all the i's are dotted and t's are crossed.
My comment springs from a true story: Dublin 1998, couple I know legally separate, he buys her out of family home. Fastforward to about 2002, they are legally divorced by this time and he is with new partner. Dublin house properties have risen through the roof. Ex-family home now worth 6 times (yes really) what it was in 1998. She comes back with lawyer saying she didn't buy a new property right away, saved the money in a bank, now it is not enough to buy anything in the Dublin area, so as her ex-house is worth so much she deserves more - and, believe it or not, she got more money. Seems, that due to a fine point of law, if the house had been sold and he had bought a different one, she couldn't have come back and asked for more money, because it would have been a totally different house.
Very likely this can't happen in Finland, but just make sure all the i's are dotted and t's are crossed.