Divorce Allimony when does it stop
- Thread starter aznguy99
- Start date
I think the moral of this thread is: marry a career woman!! Someone who takes pride in her own profession and is invested in her own professional growth. If things go south, it's an emotional catastrophe and at least financially you'll be okay.
I screwed my CPP up, self employed most of my life, max I'm going to get is 400 a month, Her pension I bet sucks too. So we are even there, I have since received an inheritance, bought a house, have a small mortgage I'll never pay off...Plan is to sell soon, buy cheaper, put remainder in bank...
They will say I own a house with money in the bank so even though I will end up having a lower monthly income then her...I pay???
Joe, yes thanks, I did loose a 19 year old son in a car accident, he just turned 19... then three years of trying to make it work through councelling, etc, and she says I want you to move out, I cannot live with you anymore, you remind me of him... WTF I lost a house, a cottage and a good chunk of my pension... not quite half but 3/5ths... She was a low income wag earner who stayed home to raise the kids growing up... I have also two other boys that I am also paying child support for...
FUN WOW, this sucks... cash for life...
FUN WOW, this sucks... cash for life...
So my buddy just finalized his divorce after a 2 year process (battle).
They were married for 17 years and she never worked.
He has custody of the kids and she gets them every other weekend.
He has to pay her $5500 per month for the next 10 years, plus he has been paying her that the past 2 years.
The house was sold and split 50/50.
If she had the kids it would have been another $3000 per month.
It is a lot of cash but it is tax deductible and a relatively small percentage of his income.
It's the interest I will make with the money in the bank, If say our pensions work out equal but because I am making what little interest I get, including the fact that I will own a home. I will pay??
Joe..if you are lawyer can I talk with you........
Further to "prenups": it is quite important that both parties have independent legal council if you expect to be able enforce it.
Prenuptials aren't for ever, a court (as a general statement) is unlikely to be willing to enforce a prenuptial agreement in dramatically changed circumstances, e.g. three children, full time homemaking, fifteen years later. Perhaps it will be willing to enforce a relatively recent antenuptial agreement, but even so it is not going to enforce a blatantly inequitable agreement.
Prenuptials aren't for ever, a court (as a general statement) is unlikely to be willing to enforce a prenuptial agreement in dramatically changed circumstances, e.g. three children, full time homemaking, fifteen years later. Perhaps it will be willing to enforce a relatively recent antenuptial agreement, but even so it is not going to enforce a blatantly inequitable agreement.
I'm glad to see that Canada is catching up to the rest of the Common Law world on this point.
Actually, her new status is irrelevant. To end her support when she remarries suggests the woman is a "chattel" and once she has someone new to look after her, you're off the hook. It doesn't work that way. To quote my attorney some years ago, "It ends when she says it does...". That was a bit dramatic, but it's my understanding that it ends when a deal is negotiated that concludes it. The other big factor is a change in income. If you lose your job and she become VP of a bank, that will have some bearing.
For anyone engaging in divorce discussions, you would be wise to try to negotiate an end to support as part of the separation agreement. Although you will likely have trouble getting your ex's attorney to agree...
What's the law say about co-habitation? I know a couple guys who bought their "significant other/girlfriend" condos rather than live with them. Does this help protect against being found to be in a common-law relationship?
You can still be "cohabitating" and having two houses, but you would need to be living in the spirit of a married couple. A pattern of nights together, meals together, family functions together, financial planning, etc. If there are enough indicators that you live as a married couple, but have 2 dwellings, the courts can rule that you are technically married. If you have a penis, and you are wondering if the laws favour you - they don't.
I never received a reply PM nor an explanation of the errors I made in my original post in this thread!
Joe, you came out blazingly insinuating that "everything' I typed was wrong and or lies but you never explained or corrected your so-called said lies.
Please help us Joe, I'm about to step into court and the legal truth would help me out!
Joe, you came out blazingly insinuating that "everything' I typed was wrong and or lies but you never explained or corrected your so-called said lies.
Please help us Joe, I'm about to step into court and the legal truth would help me out!
I'd like someone to explain to me how is it equitable that a woman who has been kept for 15 years (say with no kids) is upon separation entitled to the standard of living that she enjoyed prior to separation? How does not working for 15 years entitle you for continuing not working and being paid for it more than welfare pays?
And why is it that there is no schools out there that train women to embark upon this career?
I've never been married and now I'm afraid to more than ever. My net worth is over 1 million easily. If I marry it will most likely be to someone much younger seeing that I'm old and wouldn't want to have sex with anyone close to my age and any woman who would want to marry me would do so knowing I'll be able to support her financially.
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