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Ask Amy: Ex-spouses continue their financial entanglement

Amy Dickinson, Tribune Content Agency on

Any thoughts on how to move ahead peacefully and also solvent?

– Peaceful Ex

Dear Peaceful: You are wise to enlist the help of a professional financial planner. (I have little expertise regarding complicated financial or real estate transactions).

My take on this is that if you are to be reimbursed for expenses on your home, then keep careful track and get a signed agreement outlining the terms for reimbursement.

You should not get entangled in your ex’s condo ownership, and you should NOT risk the equity on your home to bail him out. A reverse mortgage makes your debt grow, not shrink, merely kicking this problem into the future.

It boggles the mind that your ex-husband has held onto this vacant property for so long, but perhaps his dispute with the condo association has resulted in liens on the property. He should get out from under this property, in any way possible.

 

Double-check your financial and legal attachment to your ex’s debt with the financial planner; bring your divorce decree and any related documents to the meeting.

Your son sounds very savvy and careful; he should accompany you as you discuss this with the professional.

Dear Amy: I’ve become aware that my neighbor has been leaving her 13-year-old at home alone while she goes to work on Saturdays.

I’m concerned about this child and wonder if I should call CPS to report this parent for neglect?

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