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Advice needed

  • Monitor441
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27 Jan 08 #12088 by Monitor441
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On No. 2 you have to not think about just paying the mortgage - it is paying to cover any short fall in her expenses - the mortgage is part of her expenses.

Mon

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27 Jan 08 #12089 by essexmale
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im confused now

could you tell me what i would be expected to pay?

thanks

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27 Jan 08 #12097 by Monitor441
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I'm sorry if I have confused you. There is no set figure on spousal maintenance but it is based on NEED rather than WANT and it is so that you can BOTH maintain a reasonable life style in comparison to what you had before the split.

If you want to make sure that your child is as unaffected as possible, you have to make sure that your ex2b (who will be the main carer) is able to financially survive. So you will have to pay child maintenance and probably spousal maintenance to your wife

As I said in my post above, the two of you need to work out each of your total incomes when you are separated and each of your total expenses when living in separate houses. If she stays in the house, the mortgage will be part of her expenses as she will be responsible for paying it although you will probably be still named on the mortgage.

If you move out, she can't say that you are entitled to nothing as you have been married and you are part of the equity from the marriage although it may not be as much as her. You may have to take a charge (known as a mesher agreement) on the house and receive your money when your child turns 18 or when your wife cohabits or remarries.

I hope this helps

Mon

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