Divorce - managing financially

[ArghhWhatToDo]

DH and I are heading towards a break up, I think. I want to understand where I stand financially if we cannot resolve our issues. We have 2 pre school DC. We own our house, probably about £100k equity. What would happen if we split? Presumably I'd be entitled to a share of the equity, plus child support from H. However he has his own company and his actual salary is very low, as much of his income is through dividends, so not sure what the amount would be based on. Would I be entitled to any other support - even though I'd have ££ in the bank from house sale. I'd be looking at renting (or living with parents for a while) as equity wouldn't cover a deposit round here, and my credit rating is crap (thanks to DH...part of the problem). I work PT and earn a good salary, but this only really overs childcare, DH income covers our living expenses generally. Any pointers gratefully received, I have no idea how any of this works.

Family Law Made Simple by Slater and Gordon is a helpful starting point but getting a one-off appointment (some can be free) with a solicitor to advise you on a likely split is a must.

You don't mention pensions and the value of the business may be taken into account.

There's so many permutations that you really are best getting good legal advice. Sorry I can't help further.

I'm in exactly your situation a few months down the road. I've stayed in the house and kept the mortgage with STBeXH. We each pay 50% of the mortgage cost.

WRT maintenance, I used the government calculator and put the amount he had been paying into our joint account as his monthly income. He's too lazy to check for himself so just paid whatever I said.

At some point I will need to work out what to do with the house but at the moment this works well for me as I can't afford to buy him out.