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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 06-05-2017, 10:28 AM
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In general, what someone has inherited doesn't come into view of child support or anything. That is because it was the will of the person who directed the money. That the money goes to the designated person from the will.

Really rich people who have children that have divorced will often put the money in a family trust to protect it. Furthermore, they will direct any payment to be done through a non-taxable annuity so it doesn't show up on line 150. Check out some of the high-value divorces on CanLII. Judges protect inheritance BIG TIME.

Now, if she takes the money, invests it into something that is taxable the income is considered for CS, SS and S7. But, if she uses it to retain a lawyer, buy a home, a Corvette and other stuff... It is no consideration to the court.

I would recommend you worry about the case at hand and not the estate.
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Old 06-05-2017, 10:30 AM
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Quote:
Originally Posted by rockscan View Post
Yes and for months after the death my partner was convinced it was another sibling who would be the executor but knowing that the exec makes a percentage of the estate makes sense why she is named it. Plus the intel the person who told us this gave us explains a great deal about these claims that have been made and blow holes in her im broke and the kids are struggling rhetoric.
Instead of guessing go get a copy of the will or have your lawyer get it. Your partner may have a right to get a copy.

https://www.hg.org/article.asp?id=7437

Last edited by Tayken; 06-05-2017 at 10:33 AM.
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Old 06-05-2017, 10:48 AM
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Thanks Tayken, its on the list of information requested.

We both know that it has no impact on child support or the proportionate share of expenses. It does have an impact on her claims of poverty, inability to pay her portion of expenses and kids inability to pay a portion. Plus she is asking for a free pass on s7 approval and everything to be put through FRO so she can avoid updating the % to her increased income next year. This just adds to the list of arguments against her claims (and that list is getting long). Shes potentially walking into at least a million dollars next year but claiming that she has been incurring so many expenses taking care of the kids and having a home for them etc. that she is broke and my partner should pay full table all year and all expenses regardless of proof and/or tax deductions. YES we are aware my partner is not responsible for her inability to live within her means. YES we are aware the law states what she can and cant do with respect to s7. YES we are focusing on the legal arguments and legitimate arguments. Any way that holes can be blown in her claims, we want the ammo.
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