Quote:
Originally Posted by poorpixie
Morning everyone!
I am a 42 years old housewife and wants to end a marriage in peace.
Me and my husband bought an EC as matrimonial home and it has now turned into a private condominium .
However due to certain personal issues, I have since moved out of our matrimonial home and my daughter lives with him and my mother in law.
I quit my career for my firstborn and take cares of her since.
Now that she is 18 years old and I have been living in a rented apartment with my elderly parents for almost 4 years.
Yet we are not divorced at all.
I want to seek advise from some of you who have been through the same situation as me. The more similar the more helpful it is for me.
I have zero savings because my freelance work barely covers my expenses and both my elderly parents who are not working too.
I want to get a hdb flat so that i dont have to pay for unnecessary rent for the rest of my life.
What happens to the cpf Ive contributed for the matrimonial home?
And if we end the marriage in papers, what are the next thing to expect and foresee for me?
Can i get an hdb flat since im already 42 years old?
But i am penniless. So how does it work?
Thanks in advance. Much appreciated.
Please help.. Im lost.
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Now, let tackle one issue at a time
"Yet we are not divorced at all. "
both of you need to file for divorce and since both separarte >4 years, you meet the requirement for divorce. As this is not a contested divorce case, you should able to process this pretty quick within a month or two, and obtain your interim judgement. note you do not state any condition, financials issue within this. This is to facilitate phase 2 of the divorce.
" i dont have to pay for unnecessary rent for the rest of my life.
What happens to the cpf Ive contributed for the matrimonial home?"
when come to divorce, it is always comes to money that everything get complex. Since you have move out long ago and child is >18yo, it does save some hassles. The fundamental question is how much you get?
In simple calculation, if we take this as a business entity, the amount both of you contribute to the assets form the % of shares each of you hold.
* So the x% you contributed to the total purchase price of the EC forms your base.
* but this is not a business. it is a family case where one had sacrifice in career to take care of the children. it is also a form of contribution but in a different manner. So simplicity, for every year you sacrifice to take care the children, +1% to your share. If you have also taken care his old aged parent during those many years, this will become 1.5 -2%/year. You need to count till the year you have left the home i.e. i guess is 15 years since your child is 18yo.
thus your entitled shares is x + 15%
*But i am penniless. So how does it work?
You are entitled for alimony from your husband after divorce. it can even be $1. But i strong urge you to take a lump sum cos the $1 alimony will only work if your ex husband have surplus to give when you in need. And also he obediently follow court order to increase the payment. In today context, there are still a lot of cases where the husband fail to pay or make timely payment on their maintenance. You seriously want to wait for him to give you $$ every month meh? Thus, better to neg a better divorce package where you can have a bigger share on the EC sale proceed.