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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 10-07-2008, 09:01 AM
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Question timing the division of property (recent meltdowns)

Is there flexibility with respect to the timing of the EP once a separation agreement has been reached? We are poised to sign the separation agreement, but since some of the assets my husband has to roll over have suddenly lost value, and the EP calculation is based upon the date of separation, he wishes to have a six-month period over which he can choose when to roll some RRSPs over to me. We really don't want to go back to the drawing board on this, and I want to agree, but don't know if the law prevents this.
I apologize if this has been asked and answered previously--I've never tried to navigate through a forum before. thanks for any input!
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Old 10-08-2008, 06:54 AM
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Quote:
Originally Posted by bbgun View Post
Is there flexibility with respect to the timing of the EP once a separation agreement has been reached? We are poised to sign the separation agreement, but since some of the assets my husband has to roll over have suddenly lost value, and the EP calculation is based upon the date of separation, he wishes to have a six-month period over which he can choose when to roll some RRSPs over to me. We really don't want to go back to the drawing board on this, and I want to agree, but don't know if the law prevents this.
I apologize if this has been asked and answered previously--I've never tried to navigate through a forum before. thanks for any input!

I don't think that there is a need to do this over.
The calculations were done based on an agreed upon date of separation, and you say that you are in agreement despite the loss in value now.
Unfortunately the market value will continue to fluctuate. If you are content with the calculations and are in total agreement, then I'd sign.
The amount will not change if it is done today or six months from now right?
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equalization payment, financial crisis, rrsp, separation agreement


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