This is for illustrative purposes only, I do not know if this settlement is fair and reasonable in your case because I have not reviewed your financial information. If the total that you own is 70,000 it would generally be divided this way.
40,000 in total retirement means you should each get $20,000 in retirement. Retirement funds have different tax conseqences and are generally treated differently.
$30,000 in equity in the home means you should each get $15,000, however because you are paying $5,000 more in debt than he is, you are entitled to receive $5,000 more than him. Which means you get $20,000 in equity and he gets $10,000. The total to him between retirement and house equity is $30,000.
Helena M. Nevicosi
Attorney with Rosen Law Firm
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
919.787.6668 main phone
919.787.6361 main fax
Charlotte Office
301 McCullough Drive
Suite 510
Charlotte, NC 28262
Main Phone: (704)307.4600
Main Fax: (704) 9343.0044
Durham & Chapel Hill Office
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Building 600
Chapel Hill, NC 27514
(919) 321.0780
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