Ottawa Divorce .com Forums


User CP

New posts

Advertising

  Ottawa Divorce .com Forums > Main Category > Financial Issues

Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

Reply
 
Thread Tools
  #21  
Old 03-22-2021, 09:28 AM
trueblue22 trueblue22 is offline
Senior Member
 
Join Date: Dec 2020
Posts: 123
trueblue22 has a little shameless behaviour in the past
Default

Quote:
Originally Posted by UnderPressure View Post
In addition to the massive expense of dragging this out you are also depriving him of his equity and the ability to build equity and profit from this low interest rate environment.

There is good news, the real estate market is super hot right now. I think your best move by far would be to sell the house, right now, and come to an agreement. I suggest offering table child support and net everything else out to a lump sum. The house sale can provide the cash for the payout to you. You will both end up with tens of thousands (maybe hundreds of thousands) more in your pockets if you can sell now and come to an agreement. The hot sellers market is spurring my settlement now, with sale of the matrimonial home likely to generate an additional $200k compared to a year ago. Sell sell sell. If you propose something reasonable with standard child support and the rest boiled down to a lump sum I think you will end up far better off.
The title of the home is in his name only. I have to fight him and win a trust claim because he is refusing to share the increase in the value of the matrimonial home with me. A few people in our neighborhood sold within the last couple of months. I suspect my house will go for 400k to get 600k more than it was worth 5 years ago. This would be a huge windfall for him and a disadvantage for me. An extra 200k or 300k is the difference in me being able to buy or rent.

Table child support would leave me with less money than he is paying me now. I don't need to pay any of the bills and he gives me support money with no agreement so I don't need to pay taxes on it.
Reply With Quote
  #22  
Old 03-22-2021, 10:28 AM
Brampton33 Brampton33 is offline
Member
 
Join Date: Feb 2021
Posts: 88
Brampton33 is on a distinguished road
Default

Quote:
Originally Posted by UnderPressure View Post
I suggest offering table child support...
Lets be careful here with the advice so that OP doesn't make any rash decisions she may regret later

Custody: Will likely be joint custody. Some narcissists are so hot-to-trot on getting "sole custody" because they want to treat their kids as "theirs". Unless parents are at eachothers' throats or live 200+ km from one another, there is no reason why decisions affecting child's medical, schooling or religion cannot be made jointly.

Access: Not much discussed in OP's threads on what goals are. To date, ALL of her communications have been money-driven. Not a good look in court. Primary focus in all of this should be kids. If OP and ex agree to relatively equal parenting times, there is no reason why it should not be offset child support. Her ex makes $500,000 per year. Even in an offset situation, she should be receiving a nice chunk of change each month. Based on what I have read in OP's posts, she could really use the offset child support. I strongly disagree with any advice given that OP should pay her ex full table amount.

House: Lots discussed in other threads, but reality is that OP won't be approved to take over house on her own. Her ex wants to cut the house loose and OP won't let him break away from financial ties to his ex. OP is skating on thin ice on this one as she expects her ex from 5 years ago to continually live in house that he wants to dispose of. She could use offset child support to save away for down payment on new house that is more reflective of her current reality.
Reply With Quote
  #23  
Old 03-22-2021, 11:26 AM
rockscan rockscan is offline
Senior Member
 
Join Date: Mar 2014
Posts: 5,874
rockscan will become famous soon enoughrockscan will become famous soon enough
Default

So make him an offer that you will agree to sell if you split the profits equally rather than the value from four years ago. If it means he can divest the property now he may be more willing to agree.

I you want something you have to give something in return. It cant be a list of what you want and he gets nothing.


Sent from my iPhone using Tapatalk
Reply With Quote
  #24  
Old 03-22-2021, 12:24 PM
UnderPressure UnderPressure is offline
Junior Member
 
Join Date: Feb 2020
Posts: 25
UnderPressure is on a distinguished road
Default

This. ^^^

Getting this done ASAP is going to be the best net financial position for both of you.
Reply With Quote
  #25  
Old 03-22-2021, 01:23 PM
Brampton33 Brampton33 is offline
Member
 
Join Date: Feb 2021
Posts: 88
Brampton33 is on a distinguished road
Default

Quote:
Originally Posted by UnderPressure View Post
Getting this done ASAP is going to be the best net financial position for both of you.
OP's ex wants to get this done, it is OP that is dragging feet in getting house sold because she wants to still live there on ex's dime.

But yes, the disposal of the home should be done ASAP. OP (who makes $50k) giving her ex (who makes $500k) full Table Amount of child support, when they have equal access, should not even be a consideration.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Court Order to Move Out of Matrimonial Home and Sale TimmyC Divorce & Family Law 24 03-08-2021 12:59 PM
Devaluing the Matrimonial Home PotatoLogic Financial Issues 20 07-04-2020 05:22 PM
Holding the Proceeds from the Sale of the Matrimonial Home in Trust iona6656 Divorce & Family Law 7 09-17-2018 09:23 AM
Law wrt Sale of Matrimonial Home Tony2t Divorce & Family Law 2 07-11-2011 01:12 PM
Deducting Contingent Future Matrimonial Home Sale Technodaddy Financial Issues 0 12-16-2009 08:22 PM


All times are GMT -4. The time now is 03:09 PM.