Q: I have a question regarding the calculation of equity I owe my ex in our divorce. The total equity was 109,365.
However I am supposed to get 15000 due to the down payment I made prior to us being married.y atty says I owe 47182. However I figured it as 109365/2 = 54682.5. Then I deducted the 150000 to equal 39682.5. My atty did the math 109365-15000= 94365/2 = 47182. What is the correct way to calculate this
A: Your attorney is correct. You subtract the down payment from the total equity, not just a 1/2 portion.
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