Wolfson v. Wolfson
The court denied bifurcation and refused to reopen the trial; it ordered that Mr. Wolfson may pay the full equalization transfer of $4,548,134 by March 24, 2022 with no interest to achieve a clean break, but if not paid by that date he must pay $1,000,000 by March 24, 2022 and the balance $3,548,134 in two instalments due March 30, 2030 and March 30, 2031 with simple interest at 8% from Sept 3, 2021, secured by registerable mortgages on specified properties and by life insurance naming Ms. Wolfson irrevocable beneficiary; it fixed spousal support at $13,914 per month from Sept 2021 (subject t…
Source excerpt
- Equalization payment
- Security and mortgage
- Interest on deferred payments
- Spousal support quantum
- Section 7 expenses
- Life and health insurance