My wife and I are in a protracted reconciliation dance of sorts and things may work out...or not.
Anyway, one of the factors that has come up is the following: we met in 1987and I moved in with her in 1989 and was contributing to the mortgage by 1990. This was the first house we had together, a semi-detached in east end Toronto. We moved into our new detached home in 2003 upon its sale.
When she met w/her lawyer about what-ifs it came out that my wife could claim the value of the original house for those three years. If true this could make a major dent in my half of the current house should it be sold.
Is there anything I can look up on this and if true is there a guide that could be used to determine historic values in these cases?
K
Anyway, one of the factors that has come up is the following: we met in 1987and I moved in with her in 1989 and was contributing to the mortgage by 1990. This was the first house we had together, a semi-detached in east end Toronto. We moved into our new detached home in 2003 upon its sale.
When she met w/her lawyer about what-ifs it came out that my wife could claim the value of the original house for those three years. If true this could make a major dent in my half of the current house should it be sold.
Is there anything I can look up on this and if true is there a guide that could be used to determine historic values in these cases?
K
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