Re: asset1

she cannot claim maintainece for herself if she is employee but can claim for children regardign property you can give half ot teh children

Re: asset1

Depends on facts and circumstances of your case.

Re: asset1

You have an obligation towards your wife and children for their maintenance. The income of the wife can also be taken into consideration while meeting this obligation.

You may transfer the property in the name of your wife and/or children in terms of a proper settlement which should be filed in the court. Better to draw an agreement which is mutually acceptable and approach the local court for appropriate decree.

Re: asset1

No it is not compulsory.