I am fairly sure now that I'm going to have to split with my partner of 12 years. (4 DC under 8). But financially, I have no idea where I stand. I'm sorry if some of these questions seem naive but I am starting here, to try and get as much information as possible.
- when we sell the house, what happens to the proceeds from my point of view? There should be a profit of roughly £100k, but I don't know what I can do with my £50k, I can't put down a deposit on something else as I am a SAHM and will have to be for at least another 2 years before DD2 goes into nursery.
Ideally I would want to invest this for a number of years until I have a full time job again and can get a mortgage, but I suspect I'm going to have to fritter it all away on rent over several years until there's nothing left - is that right??
- I have recently started work as one of these book club sellers (would rather not say which one!) but it's obviously not much, and not guaranteed income. Does it mean I'm not entitled to any benefits though? I would just have to use that £50k for basic living expenses until it's gone? What if I stashed it away in an ISA or something, for the DCs' future?
- and thirdly, what do you think is the best way to tell the DC we are splitting up? I want to protect them from everything - they really don't know we've been having problems, and the thought of upsetting them and taking them away from their dad breaks my heart, but there doesn't seem to be any other option as counselling has failed. How would you tell them in the gentlest way possible that daddy is going to be living somewhere else? I have a horrible feeling that DP is going to throw it all in my face and tell them he is leaving because I've told him to. The DCs would hate me for that, wouldn't they?
Sorry if these qs seem daft, never been in anything like this situation before - thank you for any advice.