Hi, My couple-friends, a male of 45 years is married to a wife of 41 for hte last 16 years. They have a son who is 15. The wife and husband both were working at the time of getting married getting nearly similar salaries.
The husband continued to improve his qualifications even after marriage but was not able to get any better jobs so that the wife could stay at home to look after their child.
To bring up the child, the wife's parents have helped through and through so that she can work for the family.
The wife worked hard and progressed much more than the husband even though much less qualified than the husband, so that she could take care of the family. With the result that the husband earns only 15% of the wife today. The husband has not been able to find good jobs and also went on a sabbatical without job for some time and lived on his wife's support.
The wife is essentially taking all the financial expenses and has no special savings of her own. Just as any other typical family, all her moneys were managed by her husband right from marriage days. So she has no savings to call her own. The husband has invested his money and has some capital and also has some money given to him by his father by sale of property. All of this he has put into a flat which the wife has purchased on a home loan. The wife is now paying off the housing loan of their expensive flat. All her money earned in her short stints abroad sent by her company she has ploughed into the flat as well.
If you compare their earnings since marriage the wife would have contributed about 6 to 8 times that of the husband and has no savings of her own or any investment of her own.
The husband has poor relationship with the son and doesnt talk to him since last 3 years and has not been contributing towards the upbringing efforts of the child either physically or financially or emotionally.The husband has also hit his wife and son on occassions but these are not in the know of anyone outside the family.
Now they want to divide the assets and think of separation. how do we go about dividing the assets?
