Quote:
Originally Posted by Thunderball
In Alberta, this is true. But if I have $10 million, and my spouse has $10 thousand... who's assets are more likely to increase significantly? If I have a paltry 10% return over a 5 year marriage, that's still $1 million, and half of that could be gone.
Or say I own a $450,000 house, and it doubles in value due to a real estate boom, without a prenup, I could have to pay out up to 50% of the increase.
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This is where a lot of people got screwed in the last couple years, guy bought the house for $150K in 2002, had to sell during the divorce in 2006 for $350K
and split the $200K profit, now the guy have $250K
minus his original mortgage principal and nowhere to live because everything cost $350K so he ends up paying triple the amount of his original mortgage payments in rent. (True story)