After 5 years of marriage, DD & SIL are separating. We gave them £60k for deposit on their house, which they are now selling to split the proceeds. My view is that DD should get back the £60k, and that any other money left after mortgage repayment should be split 50:50. SIL's parents are telling him he should get 50% of total left after mortgage repayment, i.e. he will get £30k of the equity, even though he/they did not contribute anything to the deposit. At the time of their marriage I had said we should write it into trust for DD, but I was overruled. The money came from the sale of our old house, so we have no means to give DD any further money. Is there a way to ensure DD gets full deposit back, or do we just have to kiss this money goodbye?
Good Morning Friday 19th April 2024
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