I've been married for 5 years. My wife and I are in our mid 20's. We haven't gotten along for some time now. We still live together but it is much more like co-habitating.
My question is would it be in my best interest financially speaking to get a divorce now?
I don't have a problem staying married as things are, but I'm affraid the longer we are married the more I will have to provide to her should we get a divorce a few years from now.
I'm curious if anyone has any input on how the difference between 5 years and say 10 years affects things like maintenance.
Also the house we live in, I purchased a few months before our marriage. I have been the sole person to make all mortgage payments and the house is in my name only. Will my wife still be entitled to any equity in it?
Your wife is entitled to 1/2 of everything that has accrued during the marriage, including the house, retirement, savings, cash, possesions and investments.
Exactly. The wife usually gets 1/2 of what was gained during the marriage. The longer you stay together, the more you will accumulate together (i.e. cars, house, etc.) so the more you'll have to divide later.
If you're not happy, it doesn't make sense to stay in the marriage. A waste of time, life doesn't last forever. I would suggest either working hard to make it better, by counceling if necessary or get out now.
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