I have been given a lowball offer by my STBXW of $35k. She is arguing that gifts from her father totalling $70 000 are loans and is using that as a marital liability to be split between us. These loans she claims were taken to support our mortgage but were taken without my knowledge and spent frivolously over the last five years. When given, there was no expectation of re-payment.Without these "loans" a equitable division of property would see me with a buyout of $70k.
However, she is highly conflictual and is arguing the valuation of other assets like tools, furniture (all of which I am giving to her), and other relatively minor property worth less than $10k total.My fear is that any difference between her figure and mine is going to be eaten up by legal fees with this nitpicking over minor property.
I was counting on this money for a down payment on a home and can get by with the $35k. In addition, I have a monthly veterans pension of $470 over 25 years. I can cash this out for a lump sum of $135k. My lawyer suggests not doing so, at least not yet, to keep this as income rather than property which could, in my province, be divided.She is asking for full custody of our three kids...for...reasons...I guess. Mostly related to my financial ability to support them (I make $44k to her $80k).
So, I am expecting a fight for custody, especially given the hassle over assets.Would it be worth just swallowing my pride and accepting her "loans" and lowball offer...call it a tactical withdrawal...in order to focus on buying a new house? Our house just sold with possession on 1 April. Cut losses and get a house set up by April so I can gear up for the main custody event? If I can't get into a house by then I would be moving into a tiny home temporarily for veterans with de-facto full custody until I can get back on my feet.
What would you do?
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