I have been married for 23 years have two children both now at univesity aged 22 this year and 20 this year
the only asset we have is our home. Do we just simply spilt this asset or do i pay maintenace as well. I earn twice as much as my wife who has always continued a career
Split capital after repaying debts
Divide contents pension share
Continuing SM till retirement or if inc Clean Break you give W more capital in lieu of SM
Support from both parents for C till finish tertiary education
What is the respective incomes as one needs to know if she can manage
What is SM ?
She currently works (choice) 4 day week with £1350 take home I take home £3500
My salary goes into joint account and pays all bills except food for family her pay goes into her account to buy food for month run her car and any bits and pieces she needs.
She has a local gov pension scheme.
I was in compant scheme which went into admin 5 years ago and currently contribute to self admin scheme
daughter uni fees paid for this final year
buy has two years to go at £2500/ year
Spouse maintenance (called "alimony" in the U.S) can be awarded if one party (commonly the wife but not always) cannot adequately support themselves without payments from the other. It can be awarded for a set term or for life. The amount depends on what is seen as reasonable measured against a lifestyle that the recipient could expect; and against the payer's income. It can vary from time to time. It comes to an end if the receiving party re-marries. Often a claim for maintenance is settled off in exchange for a lump sum settlement.