Hi,
hopefully this post is in the right category... I have been separated for almost 3 months now. I have 2 children, 11 and 7. I hired a lawyer to draft a legal separation agreement, thankfully the split is amicable.
I have a question that I didn't ask my lawyer regarding RESP. Currently, we (joint) have an RESP account for both of our children. It doesn't have much money in it, about 5K. My question is regarding future education investment. Because my salary and my ex's salary are very similar, we will each be responsible for 50% of our children's education fees. If I want to contribute to an RESP, should I get another RESP account, on my own, so the money I invest can be counted as my share when it is time to pay for their education?
BTW - Great site, so much useful information!
hopefully this post is in the right category... I have been separated for almost 3 months now. I have 2 children, 11 and 7. I hired a lawyer to draft a legal separation agreement, thankfully the split is amicable.
I have a question that I didn't ask my lawyer regarding RESP. Currently, we (joint) have an RESP account for both of our children. It doesn't have much money in it, about 5K. My question is regarding future education investment. Because my salary and my ex's salary are very similar, we will each be responsible for 50% of our children's education fees. If I want to contribute to an RESP, should I get another RESP account, on my own, so the money I invest can be counted as my share when it is time to pay for their education?
BTW - Great site, so much useful information!
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