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Post-secondary, 1/3, 1/3, 1/3 calculations

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  • #76
    Was it listed as an asset in your equalization?

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    • #77
      Originally posted by rockscan View Post
      Was it listed as an asset in your equalization?
      yes, nothing was hidden.

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      • #78
        No was it listed in the equalization and agreement as being owned or taken over?

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        • #79
          Originally posted by rockscan View Post
          No was it listed in the equalization and agreement as being owned or taken over?
          The NFP was discussed out of court with lawyers, which resulted in one line "party A to pay party B" $xxx,xxx and judge made an order on that.

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          • #80
            It was obviously assumed by one of you then if it wasn't specifically noted in the agreement that you will first subtract an amount from the resp opened when the child was young. In which case, if it is solely owned by your ex then it is their money to use for their share of the costs. You would have received funds transferred as per your order/agreement.

            Which is a good lesson for those going through divorce. If you opened an RESP while married, have it locked in your agreement that the funds will be used for the combined parental share prior to calculating proportionate share.

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