I'm new to this so please bare with me. My wife and I are in talks at the moment to separate. She has no interest in counciling or mediation as she maintains we are past the point of no return. I can accept this but I really need to know my responsibilites when we do separate.
My wife owns 2 properties which she purchased before we ever met.
Both are in her name alone and I'm not named anywhere concerning them.
These properties are rented out and we both pay into a joint account which covers the shortfall in mortgage payments (this money is then withdrawn and put in my wife's mortgage account), life insurance, property maintenance charges etc. The tax bill for rental income is in her name but I transfer money to her account to pay. Same with property taxes etc.
In addition to these properties, at the moment we are renting a house and both contribute equally to the rent, bills etc.
I would expect to pay maintenance for my Son's upbringing etc and part of the rent etc, but am I liable to pay towards the continued keeping of the mentioned properties?
I want everything to be a smooth transition when we part and she has been very receptive to my continued involvement with our son's upbringing but in order for me to move out and get another place, I cannot see how I can do this if I still have to contribute equally for the other mortgages and charges. They are her's and she has no intention of splitting the proceeds if they were ever sold as she sees them as an investment she made prior to us having a life together.
This is why I would find it hard to continue being financially involved with them after the split.
I know this is very long winded but I was just hoping to get some advice.