Settlement Question with regards to a business?

Sorry another question.

My husband runs a successful management consultancy of which I am a silent partner, although I don't work full time in the business, I do some admin and web work, etc. However, he earns about £300,000 per year with a good dividend at the end of each financial year. Am I entitled to a share of money from the business, as it was always agreed that I stayed at home as the housewife so I dropped all thoughts of ever studying for a career myself and supported my husband in his studies and business ventures. Now I have no savings, no prospects of a career, no job as of yet and wondering how on earth I am going to financially survive as he has always been the provider. We have no children to worry about, thankfully.

AJC

AJC,

A key piece of info missing is how long youve been married (if only for a year or two then you are entitled to less)

I will assume that you have been married for a while (at least 5 years).

The good news for you is the England/Wales famly law gives you full credit for your contribution to the marriage.

You can expect a fair share of the assets (take 50% as a starting point) as well as a share of any pension he has, plus a good claim for spousal maintenance which could be 1/3 of his income until you can start work an support yourself.

I would need lots more detail to provide a more accurate view than this. Take a look at the Divorce Calculator - see all the parameters it needs to make a decision.

We've been married 15 years and a few months.

I do apologise all this has been quite a shock. Having given him all my support over the years this was the last thing I ever expected.

Thanks for the information at least I know he can't leave me with nothing.

AJC

Similar to my plight, helps to hear you are not alone. Am happy to talk but not online incase he logs on to this site.

Similar to my plight too and would happily discuss privately. It is scary when it is the last thing you expect. I am looking for work and and not really up to it, but getting better.

I feel it will be ok in the end, but its getting there.

Thanks to all you who take the time to contribute and Wikiforce. It really helps keep my spirits up.

Shelia