Choose orders B.C. physician to lift spousal assist funds to $24Okay per 30 days | iNFOnews

Image Credit: Shutterstock

April 27, 2021 – 6.30 a.m.

A BC doctor who made about $ 1 million a year was forced to give a larger portion of his income to his ex-wife after a recent BC Supreme Court hearing.

The nameless doctor was brought to justice after his ex-wife suspected he was making more money than he reported when they last stood in court in 2009 when he expected him to be, according to a ruling by the British Columbia Supreme Court , Peter, Edelmann would earn only $ 700,000.

His ex-spouse was right, he averaged $ 1.077 million a year and his monthly payments to them were increased from $ 18,000 a month to $ 24,000.

The couple married while they were still in school – he was in medical school, she was studying to be a teacher. They married in 1987, and while she became an on-call teacher for the first six years of their marriage, she never returned to work.

His argument was that she could work to maintain her income, but decided against it and “must be held accountable for her willful refusal to use herself or her assets for any compensation option.”

In the court ruling, she said she volunteered once a week to the emergency room at Kelowna General Hospital and a Rwandan charity and traveled to Africa “regularly”. She also bought a house in Kelowna with the intention of “renting lower income families to alleviate the affordable housing problem in Kelowna.” However, she only rented it to two tenants, and the latter “used the property to sell crack cocaine and caused significant damage to the property”.

Instead, it was assumed that she had an income of $ 35,000 as part of the spouse’s benefit calculation.

However, at the time of their divorce, his net worth increased 4.5 times to $ 5.4 million, while their net worth at the time of the divorce from shared assets remained at approximately $ 1.2 million.

The court also took into account that his takeaway income is higher as he no longer has to pay child support for his two children.

To contact a reporter for this story, email Marshall Jones or call 250-718-2724 or email the editor. You can also send photos, videos or news tips to the newsroom and enter to win a monthly raffle.

We appreciate your comments and opinions on our stories, but play nice. We will not censor or delete comments unless they contain unrelated statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about the comments, please email the editor using the link above.

News from © iNFOnews, 2021

iNFOnews

Comments are closed.