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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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Old 11-10-2012, 01:58 PM
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Default spousal support

I want to know what you think my outcome will be;
married 9 years
lived together for 3 years before marriage
I had no children, helped his raise his 12 and 15 year old sons whom he had sole custody
I quit my job to work for his company to build his business
I bought into 1/2 of his house.
I am 52 years old he is 65.
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Old 11-10-2012, 02:12 PM
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Are you still employed by his business? Is he retired or when does he plan to retire?
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Old 11-10-2012, 03:41 PM
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yes i am still employed . He still works there but is getting pension i.e. cpp and old age
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Old 11-10-2012, 04:00 PM
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Quote:
Originally Posted by janice020204 View Post
I quit my job to work for his company to build his business
I bought into 1/2 of his house.
I am 52 years old he is 65.
Liquidate the house and the business that you helped build. Take half of the house, half of the increased value of the business, walk away and never look back.
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Old 11-10-2012, 04:03 PM
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So you are still employed? You helping raise his kids means little, as you never gave up your job to raise kids, his kids were teenagers and don't require much assistance.

Please state why you think you are entitled to Spousal Support? What thresholds do you meet? It seems there were no given times that you were out of work, the business is still going and you still have your income. Without more detail, I would say you are not entitled.
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Old 11-10-2012, 04:05 PM
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Quote:
Originally Posted by Janus View Post
Liquidate the house and the business that you helped build. Take half of the house, half of the increased value of the business, walk away and never look back.
Exactly... you are entitled to equalization, not spousal support.
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Old 11-10-2012, 04:21 PM
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1. He sold the property the business was in for $2.25 million
2. He bought a shop in another town 3 hours away and his sons are working there.
3. the $2.25 is now down to $1 million
4. I gave up my job to help him, he did not give up anything for me.
5. How do i keep working for him i his businesss if we are divorced?
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Old 11-10-2012, 04:23 PM
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As far as equalization is concerned. he has less now then when we met.
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Old 11-10-2012, 04:24 PM
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were you getting paid by his company after you went to work for him? If yes then you did not give up a job, you changed jobs.

It doesnt matter what he had when you met him, all that matters is what he had at the time of separation. If he has lost money over the time of the marriage then thats a non issue.
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Old 11-10-2012, 04:26 PM
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He still has a business, I will be out of a job.
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