Hi all,
Started dating in 2007.
Received a cash gift from my dad of 80,000. (It was part of an inheritance on his side, but it was a cash gift to me.)
Moved into an apartment together in 2010.
Got engaged summer of 2012 and married Sept 2012.
Shopped around for a house and made an offer ($286,000).
Offer accepted, closing date was January 2013.
The marriage is not working out - I have mental health problems and chronic anxiety. Long story short, the marriage is not working out.
We both earn about 55,000 each and I put 20% of the purchase price down with the money I had. I also paid closing costs. I probably spent about 60,000.
Due to these mental health problems I was forced to take a few months off work to try and get some help. So I'm looking to get se tranquility back into my life.
I am currently on EI Sickness Benefits and only have $500 to my name each month after medical bills....
There are some things I'm confused about and was wondering if anyone here might be able to help. My stbx is fairly easy to talk to. She's understandably upset, but she understands that my mental health has deteriorated too much to keep forcing something that isn't working.
I believe that even though we've only been married since September 2012, she will still get 50% of the matrimonial home, correct? So whatever we get for the house when we sell, minus commission and closing costs and less the mortgage owing, we would just divide that by two?
I was wondering if it makes more financial sense to list it ASAP instead of waiting until our one year anniversary, or if it really doesn't make a difference?
Let's say for whatever reason she changes her mind and does not agree to list it.
If I have to hire a divorce lawyer, would I have to pay that cost out of my own pocket?
I'd like to move on sooner than later so i can be settled in a new apartment before making an attempt to return to work.
We also bought a new car together in August under both our names. So we'll have to figure out what to do about that, but I figure it will be a lot less stressful than the house.
I forgot to mention: I don't have any of the cash gift left. Not sure where it all went... Dining room table, groceries... I paid the first property tax bill. I don't think we're the type of couple who would get down to the nitty gritty and try to nickle and dime each other... It's mostly the house I'm concerned about. If I can get back more than half because of how short the marriage is, great. If not, that's fine too.
Also. If she went after my pension, would the time we lived together as common law count, or would it only be the time spent married (from Sept 12 until now)?
If she went after it, could I go after hers? I assume we are better off just not even bothering with that... What would we gain? Nothing
Thanks all.
Started dating in 2007.
Received a cash gift from my dad of 80,000. (It was part of an inheritance on his side, but it was a cash gift to me.)
Moved into an apartment together in 2010.
Got engaged summer of 2012 and married Sept 2012.
Shopped around for a house and made an offer ($286,000).
Offer accepted, closing date was January 2013.
The marriage is not working out - I have mental health problems and chronic anxiety. Long story short, the marriage is not working out.
We both earn about 55,000 each and I put 20% of the purchase price down with the money I had. I also paid closing costs. I probably spent about 60,000.
Due to these mental health problems I was forced to take a few months off work to try and get some help. So I'm looking to get se tranquility back into my life.
I am currently on EI Sickness Benefits and only have $500 to my name each month after medical bills....
There are some things I'm confused about and was wondering if anyone here might be able to help. My stbx is fairly easy to talk to. She's understandably upset, but she understands that my mental health has deteriorated too much to keep forcing something that isn't working.
I believe that even though we've only been married since September 2012, she will still get 50% of the matrimonial home, correct? So whatever we get for the house when we sell, minus commission and closing costs and less the mortgage owing, we would just divide that by two?
I was wondering if it makes more financial sense to list it ASAP instead of waiting until our one year anniversary, or if it really doesn't make a difference?
Let's say for whatever reason she changes her mind and does not agree to list it.
If I have to hire a divorce lawyer, would I have to pay that cost out of my own pocket?
I'd like to move on sooner than later so i can be settled in a new apartment before making an attempt to return to work.
We also bought a new car together in August under both our names. So we'll have to figure out what to do about that, but I figure it will be a lot less stressful than the house.
I forgot to mention: I don't have any of the cash gift left. Not sure where it all went... Dining room table, groceries... I paid the first property tax bill. I don't think we're the type of couple who would get down to the nitty gritty and try to nickle and dime each other... It's mostly the house I'm concerned about. If I can get back more than half because of how short the marriage is, great. If not, that's fine too.
Also. If she went after my pension, would the time we lived together as common law count, or would it only be the time spent married (from Sept 12 until now)?
If she went after it, could I go after hers? I assume we are better off just not even bothering with that... What would we gain? Nothing
Thanks all.
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