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Thank you for the answer so far. But there is a key word in your answer that needs to be defined - and that is the word "co-mingled". What does that mean, how is that defined legally?
In the case in question, my parents-in-law are getting divorced after 60 (yes, sixty) years of marriage. Money ($500k) was inherited by 'father-in-law' during year 49 of the marriage (it is now year 60). The inherited money went into a joint bank account with both names on the account. However, it was kept separate as GIC's/etc. Some of it (maybe 10%) may have been used towards the purchase of a retirement condo, but most of it remained as GICs (in that joint account). The father in law is now claiming that the entire $500k inherited money should be kept completely separate from the 50-50% split that mother-in-law is seeking from all funds (including the $500k inheritance) ...
... in this situation, can you tell whether the $500k is 'co-mingled' or not?
Dr. Paul Nicholson
I think the mother-in-law has a strong case in her favor because the GICs were held (and are still held) in a joint account - that shows original intent to 'share' the GIC's, IMO (but I am not a lawyer).
Thank you again. I will pay the fee now ;-)