| | Re: DH cheated...I talked with other woman
Looks like splitting your finance is a no brainer. With the current housing market your house probably has not gained any equity in the last few years so there is probably nothing to split there.
It would be wise to file 2011 taxes together. If you did not you both would have to file married by seperate, the tax rate for that is higher than filing single... a LOT higher.
As soon as you seperate and/or file for divorce file a FAFSA for financial aid for your daughter. Talk to her school about how you file the data for a change of circumstances since you were married and living together last year and will not be this year. This makes filing for divorce ASAP pretty important.