There are a lot of ways to split your assets. You all have a net worth of $199,000 if all of the items you listed are marital. Therefore, each of you should walk away with $99,500 in some fashion. So if your STBX wants to keep her car, you want to keep your car and she wants to keep her 401k you could sell the house and split things as follows:
You
+$22,000 car
-$28,000 car loan
-$20,000 credit card
+125,500 home equity
__________________
+$99,500
Her
+$20,000 car
+$75,000 401k
-$20,000 credit card
+$24,500 home equity
____________________
+$99,500
Or she could give you the 401k; keep her car, and her credit card debt. She would have to pay you $50,000 for your equity in the house:
You
+$22,000 car
-$28,000 car loan
-$20,000 credit card
+$75,000 401k
+$50,500 home equity
__________________
+$99,500
Her
+$20,000 car
-$20,000 credit card
+$99,500 home equity
____________________
+$99,500
If she really, really wants to keep the house: she would have to give you the 401k and her car and take on all of the credit card debt. She would still have to pay you $10,500 for your equity in the house:
You
+$22,000 car
-$28,000 car loan
+$75,000 401k
+$10,500 home equity
+$20,000 sale of her car
__________________
+$99,500
Her
-$40,000 total credit card debt
+$139,500 home equity
____________________
+$99,500
|
Previous
Index
Next
Flat
Re: The Spreadsheet....
Edit
Reply
Quote
