has anyone heard of this one??

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tired lady

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My soon to be x, (I hope) is having me claim his survivors pension as an assett, why should I have to pay on something I may never get, they have put the amount at about $110,000.00 This pension is from his former workplace, not CPP. My lawyer says he doesn't think there is anyway I can get out of it, is it maybe time I got rid of my lawyer?
 
tired lady,

Pensions are seen as an asset subject to division.

They most likely listed same as you remain to be listed as a beneficiary on such.

lv
 
Normally the value of the survivor's pension of your ex would not be included in your assets.

However, if you already have an irrevocable entitlement to the survivor's pension, then it would be included in your assets. This could happen if separation occurs after the pension payments have started. That is basically if you were still married when your ex retired, you'd have an entitled to the survivor's pension. A divorce later on wouldn't end the entitlement.

I don't know enough about your case to say for sure, but you mention that this is your ex's former workplace. It sounds like his pension may already being paying out, in which case you probably are entitled to the survivor's pension.

You may never get the survivor's pension, but that probability is calculated by the actuary. The actuary calculated your and your ex's life expectancy based on your current age and life expectancy tables. The one thing that may change this is if you currently have a bad health condition.

Your ex may also pass away tomorrow and you'd end up with significantly more survivor's benefits than calculated by the actuary. It's somewhat of a statistical calculation.

In any event, you should get your own actuary to double check the calculation performed. I wouldn't just rely on the information provided by your ex's actuary.
 
Survivors Pension

Survivors Pension

So my next question is, do I have to take the Survivors Pension, from my soon to be x, if I desire not to. I just can't see having to use such a large amount as an asset that I may never recieve. I need the money now to live on, with having to pay out this kind of money, I will barely have enough left to get by on. What am I supposed to do, wish for him to die, I don't think so.
 
Survivor's Pension

Survivor's Pension

I was the one who's pension had my husband getting a survivor's pension. The only way I could get him off is to have him sign a Waiver to this and it was included in the Settlement Agreement.

Lee
 
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