My stbx claims I am emotionally and financially abusive.
We went to a mediator off the record, and she indicated that as a result of my behavior a judge would automatically award my ex the mat home and have me pay off the remaining mortgage. Essentially the judge wouldn’t move the kids from their mat home and hence I have to buy it out for the ex
She also wants me to pay off the car and transfer to her name and pay off a $3k credit card statement.
We both live in the house with 2 young children. The current arrangement is amicable and civil as we work through the separation.
In order to pay out the mortgage, car and credit card I would have to liquidate all my rrsp’s, and a duplex property owned by my company . Doing so would financially wipe me out with nothing save for my consultancy business. I am the only employee.
I also had a significant RRSP portfolio before we were married but the mediator says that wouldn’t matter to the courts based on my behavior!
I though equalization of property would essentially mean we have to sell the house, split the equity and go our separate ways, with me responsible for CS/SS and negotiated other costs.
Does this make sense? Does equalization trump my alleged behavior or the other way around, or I am missing something?
I worked out that even with my CS/SS she probably couldn't afford the house.
I am speaking to my accountant and lawyer this week.
Thanks,
We went to a mediator off the record, and she indicated that as a result of my behavior a judge would automatically award my ex the mat home and have me pay off the remaining mortgage. Essentially the judge wouldn’t move the kids from their mat home and hence I have to buy it out for the ex
She also wants me to pay off the car and transfer to her name and pay off a $3k credit card statement.
We both live in the house with 2 young children. The current arrangement is amicable and civil as we work through the separation.
In order to pay out the mortgage, car and credit card I would have to liquidate all my rrsp’s, and a duplex property owned by my company . Doing so would financially wipe me out with nothing save for my consultancy business. I am the only employee.
I also had a significant RRSP portfolio before we were married but the mediator says that wouldn’t matter to the courts based on my behavior!
I though equalization of property would essentially mean we have to sell the house, split the equity and go our separate ways, with me responsible for CS/SS and negotiated other costs.
Does this make sense? Does equalization trump my alleged behavior or the other way around, or I am missing something?
I worked out that even with my CS/SS she probably couldn't afford the house.
I am speaking to my accountant and lawyer this week.
Thanks,