Hello, first post for me and have found this to be a very helpful site!
I have been hearing and reading lots of conflicting stuff regardint the matrimonial home. Here's my story, tell me what you think.
Live in Ontario, lived with my spouse for 6 years before we wed. My spouse purchased a home with the father's name on the deed and we lived in this home for 5 years together. When we got married we did not change over the names on the deed. Sold this home and purchased another about six months ago with both of our names now on the deed and the father's off of it. Have now been married 1 year and a half but together for a total 8 years. Found out over X-mas that my spouse was seeing another individual and that our marriage would be ending.
As my spouse brought equity into our relationship which was carried over to the most recent home that we purchased, would the equity in the new home (matrimonial home) be split 50/50 regardless of circumstance? Is it really that cut and dry with regards to the matrimonial home?
Any advice would be helpful.
I have been hearing and reading lots of conflicting stuff regardint the matrimonial home. Here's my story, tell me what you think.
Live in Ontario, lived with my spouse for 6 years before we wed. My spouse purchased a home with the father's name on the deed and we lived in this home for 5 years together. When we got married we did not change over the names on the deed. Sold this home and purchased another about six months ago with both of our names now on the deed and the father's off of it. Have now been married 1 year and a half but together for a total 8 years. Found out over X-mas that my spouse was seeing another individual and that our marriage would be ending.
As my spouse brought equity into our relationship which was carried over to the most recent home that we purchased, would the equity in the new home (matrimonial home) be split 50/50 regardless of circumstance? Is it really that cut and dry with regards to the matrimonial home?
Any advice would be helpful.
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