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My ex wife and I have completed and exchanged form e and she has listed a loan from her parents to cover the cost of her commercial pilots training as a liability.
The loan is around £90k, she is still in training and I will have no material benefit from that debt. I also had no part whatsoever in her taking on a debt. When it was first proposed that she complete the course the money was positioned as her inheritance.
I have done some reading around soft loans etc but would like some advice as to what options I should consider when I ask questions about this. I believe that it is not a liability and therefore should be discounted. Or if it is counted do I have joint and several liability and am i able to use that to offset my assets.
thanks in advance
The loan is around £90k, she is still in training and I will have no material benefit from that debt. I also had no part whatsoever in her taking on a debt. When it was first proposed that she complete the course the money was positioned as her inheritance.
I have done some reading around soft loans etc but would like some advice as to what options I should consider when I ask questions about this. I believe that it is not a liability and therefore should be discounted. Or if it is counted do I have joint and several liability and am i able to use that to offset my assets.
thanks in advance
