The following explains how we did things after valuation date (we or at least I tried to do things status quo - and now - to have one person brunt "the full bill" to keep our family going is not right - but there must be someone else here who had similar issues??? (can't email her now at this point either)
I was wondering how others ended up figuring out, or how to divide the post valuation date bills when one of the spouses did not work after a long term marriage (like a stay at home parent or for me not able to work). Although we verbally agreeed "and shook on it" her word was not good for a whole lot in the end. I admit my ex brought the vast majority of the income into the house since I went on CPP - So here goes:
we stayed in the house. We lived our married lives by pooling whatever income we brought in (80% the ex - 20% my CPP disability the last few years), into the same one "joint pay the bills" checking account and whatever was left was saved by transfering that extra money into a seperated mutual fund account. My credit card was joint with my ex (she had joint signing authority on all my financials (this allowed her to get funds transfered, bills paid - what ever needed to be done over all those years my physical health went up and down - end of the old story.....)
We always set up as many monthly bills to funnelled through "my" joint credit card and made one big monthly payment (remember she is joint, and has her own card as well) so this continued (I would call these types of charges as family expenditures to keep the house operating). We had the house insurance, car insurance, the kids car insurance, cable, dentist, groceries, my son charged his personal car insurance on as well. The "family car" gasoline, oil, maintenance again to which I personally used very little to get to my doctor appointments (10% me 10 % the ex, 30% family business and the remaining 50% the kids). Oh and I suppose a special - charges for 100% refundable from the ex's insurance benefit - payment on the card, check to the ex in the mail - untill the very end the check was deposited to pay the bill so "it would be a wash".
If the card is a joint card what is the right way to brake these charges down after the valuation date? First off lawyer said whomever is the main account or card holder but in our case where we really did live the joint "life" untill 6 months later and we stopped using the joint account and things well just got worse but that is another problem.
I was wondering how others ended up figuring out, or how to divide the post valuation date bills when one of the spouses did not work after a long term marriage (like a stay at home parent or for me not able to work). Although we verbally agreeed "and shook on it" her word was not good for a whole lot in the end. I admit my ex brought the vast majority of the income into the house since I went on CPP - So here goes:
we stayed in the house. We lived our married lives by pooling whatever income we brought in (80% the ex - 20% my CPP disability the last few years), into the same one "joint pay the bills" checking account and whatever was left was saved by transfering that extra money into a seperated mutual fund account. My credit card was joint with my ex (she had joint signing authority on all my financials (this allowed her to get funds transfered, bills paid - what ever needed to be done over all those years my physical health went up and down - end of the old story.....)
We always set up as many monthly bills to funnelled through "my" joint credit card and made one big monthly payment (remember she is joint, and has her own card as well) so this continued (I would call these types of charges as family expenditures to keep the house operating). We had the house insurance, car insurance, the kids car insurance, cable, dentist, groceries, my son charged his personal car insurance on as well. The "family car" gasoline, oil, maintenance again to which I personally used very little to get to my doctor appointments (10% me 10 % the ex, 30% family business and the remaining 50% the kids). Oh and I suppose a special - charges for 100% refundable from the ex's insurance benefit - payment on the card, check to the ex in the mail - untill the very end the check was deposited to pay the bill so "it would be a wash".
If the card is a joint card what is the right way to brake these charges down after the valuation date? First off lawyer said whomever is the main account or card holder but in our case where we really did live the joint "life" untill 6 months later and we stopped using the joint account and things well just got worse but that is another problem.
Comment