My common law partner and I recently purchased a house that needed alot of work. Sadly this has led to the end of our relationship, among other issues.
When we purchase the house, my parents gave me $10,000. $3000 was set aside for back up funds. The rest went to lawyer fees, repairs, reno's.
My partner took out roughly $6000 from his RRSP's which were saved only while we were together.
When we sell the home, after all lawyer, realator and bank fees. Do I get my $10,000 (minus $3000 set aside) back, then if anything left after that split 50/50?
The $6000 in RRSP's he saved each month before helping with joint bills. I payed a car loan (in my name but benefited him) for less each month and put $0-$50/mth if I was lucky for savings as the rest went to joint bills.
We payed bills based on our income precentage after he took off his RRSP contributions.
I'm concerned as I'll need some of this $10,000 to pay off some out standing bills and find a new place for myself and child.
Also, can I purchase a house if there are no lawyers involved and we can sign a seperation agreement? Or can he come back and take half of it?
When we purchase the house, my parents gave me $10,000. $3000 was set aside for back up funds. The rest went to lawyer fees, repairs, reno's.
My partner took out roughly $6000 from his RRSP's which were saved only while we were together.
When we sell the home, after all lawyer, realator and bank fees. Do I get my $10,000 (minus $3000 set aside) back, then if anything left after that split 50/50?
The $6000 in RRSP's he saved each month before helping with joint bills. I payed a car loan (in my name but benefited him) for less each month and put $0-$50/mth if I was lucky for savings as the rest went to joint bills.
We payed bills based on our income precentage after he took off his RRSP contributions.
I'm concerned as I'll need some of this $10,000 to pay off some out standing bills and find a new place for myself and child.
Also, can I purchase a house if there are no lawyers involved and we can sign a seperation agreement? Or can he come back and take half of it?
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