Hello Experts,
There are currenlty discussions going on between the my wife's and my family for our seaparaction through mutual consent. We are both Hindus and both are earning almost on par...with my salary being just a notch above her. We have a 5 years old male child...whose maintenance will have to contributed by me ...which I have no issues.
Here are my queries:
1. My salary is around 60K pm and my wife's salary would be around 50K pm.
2. My wife is like a person who would keep money (provided for child maintenance) most for herself and a little for the child. How do I ensure that the money is getting properly utilized for the child only?
3. Can I instead invest it in some long term investment plan for the child that can be utilized for his higher studies once he is 18? or any other investment instrument?
In summary, my concern is that whatever money I provided...I should be assured that it is being provided for the child's welfare only.
Regards
Nuvo