Considering separation

Hi, I have been with my husband for 23 years; married for 12 1/2 years. We are both 40 and have two children 8 & 9. For various reasons we have grown apart since the children were born. We have a marital home worth £275,000 with an £81,000 mortgage. My husband earns £32,000 per year and i work part time and earn £2700 per year.

My question is - if we separate and subsequently divorce what am i entitled to financially? I guess child maintanence until the kids are 19 and an increase in tax credits. However i have been reading your forum and wonder what Spousal maintainance i would get? Thanks.

Patsy,

If your are the main carer for the kids, then due to the long marriage and the difference in earning capacity, then you would likely get:

1) At least half of the assets, more likely 60 or 70%

2) child maintenance of 20% of his net income.

3) Spousal maintenance of 15 to 30% of his income until:
- you are able to increase you earnings to a level where you can live comfortably without the SM
- you marry
- you permanently cohabit with a new partner for 6 to 12 mths

You may be able to stay in the family home and pay the mortgage from the SM you receive.