being a male, will possibly get spousal support

[rockscan]

"Thinks" you would get it and he was honest about costs.

You need to decide what is more important to you: saving 50 grand in legal fees or getting $400 a month for five years. The amount and length of ss is not worth the legal cost.

Right now the most important thing you need to focus on is your child and making sure you have equal time as a parent. You can find a reasonable two bedroom apartment in Mississauga (I know, I have been there) and parent your child until they head off to university. You will probably find a new partner and your lifestyle will change again. You wont lose the debt for the fight though.

Work amicably with your stbx, get your financials in order, look at managing your life on the income you have and go from there.

There are plenty of cases for costs on canlii where judges rap the knuckles of both parents who squandered money that could have been spent on their kids. Dont be that parent. Its not worth it.

[jays2017]

really appreciated all the responses
- do they have online where you fill the numbers for a financial report..of what you make assets etc..thanks for seperation
- also do you have to disclose on the financial report with your pension amount...
if so...if wife agrees not to go for pension maybe for something as i trade off, is that ok...

finally today wife asks if want to buy a townhouse together in our neighbourhood close to my sons school as an investment..im sure its for one of us to move there..but whatever she is thinking is it a bad idea to buy another property with her..also would this benefit me in anyway financially
thanks

[standing on the sidelines]

Originally Posted by jays2017

really appreciated all the responses
- do they have online where you fill the numbers for a financial report..of what you make assets etc..thanks for seperation
- also do you have to disclose on the financial report with your pension amount...
if so...if wife agrees not to go for pension maybe for something as i trade off, is that ok...

finally today wife asks if want to buy a townhouse together in our neighbourhood close to my sons school as an investment..im sure its for one of us to move there..but whatever she is thinking is it a bad idea to buy another property with her..also would this benefit me in anyway financially
thanks

you have to put everything on the financial report. How you decide to split it later is another matter. The report is just to get a complete picture of the assets and debts of each party.

I wouldnt buy a townhouse with her, it could get messy later. The whole idea is to separate finances etc. She probably cannot afford to buy the townhouse on her own so she wants your help to do it. NOT A GOOD IDEA.

[arabian]

Presumably you live in Ontario so you go online to obtain financial statement:

Family Law Rules Forms | Ontario Court Services - yes you can fill in the blanks.

I would strongly discourage you to financially encumber yourself with your ex. Someday your ex very well may be with another man - do you want to have a financial connection with your ex's new husband? It would be in your best interest for your ex to seek advice from her own financial adviser.