Have a bit mixed fillings so please, can you help me with some queries.
The situation at present is:
- The house is registered in my husband name only. There is a mortgage on half of the value of the home, borrowed in my husband’s name only against the house. The repayments are behind. Since the separation a year ago me and children live in the matrimonial home.
My lawyer told me that if I sell the house now and discharge the bank loan, the balance will go into “trust fund”. My question is: Who would have control over the “trust fund” where the balance is to go – is it both my and ex husband’s lawyer – or who, and to what extent? What can it be used for?
Whould the lawyers be able to use it for financing case costs without my knowledge?
Since this would be my only part of sett
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