It looks like my wife and I are about to separate. In fact, I am living with a fried temporarily already. I have never considered this situation before. What are my financial obligations in this situation? All my money goes on household bills. It is difficult to see how I can afford to pay for the family home and a new life for myself? We have one child together. I realize child support is a given but what else will I have to pay?
Thank you. This answer does help. Can I ask some more please?
My wife can and does work part time. Neither of us has a pension. I am the main earner. We have a joint credit union loan.
The family home is in my wifes name, although I have paid every mortgage payment. I also own another house from before we were married which is rented out (but doesn't cover the full mortgage). If I agree to pay half her mortgage + child support is that the end of my legal obigations? What is likely to happen to both houses? Are we jointly liable for the credit union loan?
I won't ask anymore. thanks
There is a bank mortgage on both houses
The credit union loan is separate
From your response above, I don't think that makes much difference though.
You mentioned "once she has enough to live on". Does that include electricity, heating etc? Could I have to pay for that?
It sounds like a private agreement may be the best solution, without going to court etc.
Do you have a final comment or advice in this situation?
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