I am sorry - long Rant like post again!! I just can't hit delete - I have really begun to (Can I call this my rant of the month??) It does answer to billiechic's post and also after 25 years things do really prove true to what is declared in the spousal support guideliines - "That marriage and finances do indeed fall under the Merger Over Time Theory". As to your Ex's injury, money which is paid out to replace lost income is deemed shareable as the premise is if he wasn't injured he would have been working - I understand that.
What follows is what happens with these types of issues to most couples should they live "joint" lives. The courts I have been told are beginning to relax the issue of joint vs. seperate as marriage does promote joint living, caring for the family, the children, all as one - As a couple taking care of their family to the best of their ability.... Can you see a spouse retaining settlement money while the kids are hungry, you are about to lose the matramonial home because you are not making payments (but spouse "A" has 100k settlement money in the bank? I can't)
My Rant, might even be an old one -- What follows begins to "explain" the effort (month after month - not including the medical issues that continue to have their toll - but I do my best, it is all I can do - For me. I have put into proving from year one that the probability of the settlement monies being put towards the house is small and the intent that we, I intended to retain the settlement money for long term "retirement" purposes. Not vacations, cars, home theaters or the house - If I can correlate the funds and where things went then I prove the truth or at least again show the likelyhood or probability that my funds were put aside, invested into the rrsp's when possible - then that portion at least of the settlement money stays with me.
It is not so much as mix it with the other assetts as proving 100% that it did not find its way into the matramionial home. I admit my gray area remains again my health. I lasted about two years into our marriage until it became clear that getting my body to the bank was near impossible and the answer was to put her as a signer to make changes to my banking and mutual funds - this in effect made her joint to all my funds but not the reverse - I never needed to be joint to hers as she was always able to "get to the bank".
Year after year, 10 years later it just became the way we did it.....even when i returned to work for a few years - never saw the need to take her off. move to early 2000 and yes it made sense again for her to have signing authority due to my health and my difficulties. Wordy but all was going to plan, money was set off in an account that was to be my long term savings retirement fund financed by my various windfalls generated by the medical related settlements.
All to plan untill I got really sick and was no longer capable of managing even the basics (I leave it as a simple - I was not capable of changing what would happen) we always made our decisions together and she executed what I asked her to. I needed the data presented to me in a certain way for me to understand it but as I lost my ability she just took off and did things with our assets, my retirement funds (I could not make regular RRSP savings anymore since I had no taxable income - it was all about saving what I had out side the RRSP. Then came the TFSAs! My answer to the RRSP as the funds are sheltered from taxation, no different than RRSP's - like everything in our 25 years our financial plan was always geared to maximizing the returns and minimizing the taxation - even tried to keep our RRSP's equal so we would reduce taxation when that time came.
All this was great untill 2006 - my first breakdown and I went down from there - most of what I have put in this forum I only learned after she asked for her divorce and it started when I went to our bank manager in desperatation for help - and what he helped me find out I still can't believe, she did it, and basically emptied the accounts in front of my nose, all of them in the next 3 years or so - 20 plus years of savings. Gone and she hid it all (her actions). Now she denies it all except for the fact the bank went to town for me and retrieved all the data, even could prove who made the transactions and she has been told/shown the evidence. She has now turned - I leave at as she now believes it is in her best interest to hurt me anyway she can - her way of coping........ this is all about what she chose to do, the chances she took, the lies she made to my face over and over. I have learned what fuduciary duty means for a spouse and reckless dissipation of marital assets.............
She removed 40K of these assets in two months, She took over 10K a week after I had put the funds in the account to transfer back into my TFSA but I needed to wait until Jan 1 2011 - she took the funds Dec 27th - when I went to transfer, she admitted to taking it - she would return it out of her paycheck...... even today she hasn't grasped the concept of marriage and it doesn't matter who earns it - income is 50/50 so I was going to pay me back half of her debt - didn't matter because three months later she asked for her divorce...... but as to the disability money income related payments are shared 50/50 - it is the non income related payments that are treated differently.
Today I am on a break - seams i bought the paper and toner to print all these pages fo rthe divorce but she will not release them to me. I bought a used printer and darn - the colour toner ran out and I am doing black and white but the printer will not continue until the colour is replaced. I can't even copy all of these pages without going -(I was going to say a word but out of a new found respect I shal not) but I can't even do that without getting all screwed up - I got so confused yesterday I just slumped to the floor and sat there for hours staring off into....... this morning first thing is the toner (I at least know someone who will sell it for basically cost - friend of my daughters - ha! Ex husband! Maybe there is a little bit of simpathy going..... no he is aware how hard it has been at our house the last few years - last time we spoke he actually said he admired my refusal to just give up..... I guess after 25 years I do not know how. Rant over.