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Relationship Discussion (non-explicit)
Reply to "Custody-Does the parent who can afford the house and hence same schools get the kids?"
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[quote=Anonymous][quote=Anonymous]Op. My ex and I split our assets except the house. We both still own it. I will stay in it til the kids graduate. You can get a roommate to help with bills. You split the proceeds when you sell. [/quote] We were going to do this until I thought about what would happen if I died while he was still on the deed to the house- he would automatically get all of my equity as joint owner. So I removed him from the deed and executed a promissory note that equaled his portion of the equity. So my owing him his equity money was no longer tied to the ownership of the house. I still intend to pay him off after the kids are out of school but my estate is protected on the off chance that something happens to me.[/quote]
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