My wife has decided that we both just need to go our separate ways. I am currently the only one work and supporting us. We have one son and I don;t intend to make a battle for custody because with my job I am somtimes at work for 12 to 16 hours at a time. She is attending school, due to graduate in May. With our current financial situation we have virtually no assets. She has already said she does not want the house only a few things out of it. My question is how 'financially' is this going to effect me?
The house is not much. We are renting to own from our landlord.I currently have no pension because I am young and just haven't started one yet. We live in Tennessee, with one son age 1. She has said she wants nothing, child support is a given of course. When she is done with school she will be a registered medical assistant. Assumable she will be making about the same if not me than me within the next 6mo. Our only true assets we still owe on, the house, and both vehicles. Thats really the only major things we have.