Hi everyone
I find myself in a situation that I never anticipated and would appreciate some advice. After 25 years of marriage, my wife recently decided to leave our family home, claiming unhappiness. She works and pays rent. Our 2 children are adults.
Here's a bit of background: The house we live in is in my name, with half of it actually inherited from my parents. it still has a little mortgage. Throughout our marriage, we both worked on and off to sustain our family life. I dedicated every dollar I earned to support our family, maintain our home, and help her family overseas. On the other hand, every dollar she earned went solely to her family abroad and she also has a gambling habit up until now.
Currently, she has a job, while I am unable to work. She has never contributed a single dollar towards our mortgage, and substantial amounts of money were sent overseas to support her parents, and sisters that are married. In fact, a significant portion of my parents' money also went to support her parents abroad. Throughout our marriage and until now, she had complete access to all our accounts and could withdraw money as needed, whereas I never had access to any of her accounts.
I understand that in the event of a divorce, assets are typically divided equally. The only significant asset we have is my house, which I hope to leave for our children. If she claims her share of the house, I won't be able to secure a loan to buy her out. also , I fear that any money she receives will be spent on gambling or sent overseas to her family, who already live a better lifestyle than us.
I'm seeking advice on how to proceed in this situation, considering my desire to secure a stable future for my children and myself. Any insights or suggestions would be greatly appreciated.
I find myself in a situation that I never anticipated and would appreciate some advice. After 25 years of marriage, my wife recently decided to leave our family home, claiming unhappiness. She works and pays rent. Our 2 children are adults.
Here's a bit of background: The house we live in is in my name, with half of it actually inherited from my parents. it still has a little mortgage. Throughout our marriage, we both worked on and off to sustain our family life. I dedicated every dollar I earned to support our family, maintain our home, and help her family overseas. On the other hand, every dollar she earned went solely to her family abroad and she also has a gambling habit up until now.
Currently, she has a job, while I am unable to work. She has never contributed a single dollar towards our mortgage, and substantial amounts of money were sent overseas to support her parents, and sisters that are married. In fact, a significant portion of my parents' money also went to support her parents abroad. Throughout our marriage and until now, she had complete access to all our accounts and could withdraw money as needed, whereas I never had access to any of her accounts.
I understand that in the event of a divorce, assets are typically divided equally. The only significant asset we have is my house, which I hope to leave for our children. If she claims her share of the house, I won't be able to secure a loan to buy her out. also , I fear that any money she receives will be spent on gambling or sent overseas to her family, who already live a better lifestyle than us.
I'm seeking advice on how to proceed in this situation, considering my desire to secure a stable future for my children and myself. Any insights or suggestions would be greatly appreciated.