We have been married for 25 years but have lived together for 30 years.
I am 51 and my wife is 50. She has been an equity partner for approximately 15 years and has one of the highest equity shares. She has the main income but that is probably only 25% more than my own. I am not an owner of a business but am in work as an employee.
I don't really know but probably 3 to 400 K. I know that she has a partnership loan with say £50,000 outstanding but this is paid directly out of partnership earnings.
Approximately £427,000 made up of savings, investment property, the equity in family home, endowments, etc. In addition there is approximately £456,000 in pensions of various types of which £230 K is my occupatonal pension.
I have a salary of £60k plus pension contributions.
My wifes is obviously variable but I understand that she takes drawings equivalent to approx 80k pa plus she has a fully paid car (value about £40,000) health insurance for the whole family, pension contributions (although I don't think these are all that much) She also pays all the running costs on my car including fuel and also fuel for her own car.
Thanks for the information provided. Just one further query if I may. Could you explain the process for assessing the value of my wifes equity share in the business.