Legal Question in Family Law in Virginia
possible shady move?
My husband and I are divorcing after 25 yrs of marriage...we were going to split the house funds (its paid for) and I wanted to be the ''peacemaker''by not touching his substantial retirement/pension fund (he wants to retire early in 3-4 yrs) Here recently he asked me to help him acquire a business loan so he could have his dream job/franchise...I signed the deed for the house (not the note) and I did not sign or apply for the loan. He wants to give me half the house funds in 4 yrs when he is up and running...but I fear I have been shammed as I am now learning of MANY financial mis-truths. We are getting ready to sign papers (non-contested) but I now feel I should ask for half of retirement/pension and just give him the house since he managed to
tie it up...He still comes out ahead financially. Will there be penalties that I must pay for if I go this route? or can it just rollover?
1 Answer from Attorneys
Re: possible shady move?
It sounds as if you may in effect have conveyed away your one half interest in the house in return for your husband receiving a business loan from some external entity. And, that supposedly, he will pay you back in four years "when he is up and running"(and after you're divorced).
I'd say you've been hornswoggled and that you'd be well advised to arrange for a consultation with an attorney rather than continue to (as you've been apparently doing)try to handle things on your own in regard to the dissolution of your marriage.
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