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I'm in the middle of a divorce that we are basically doing amicably without lawyers. We don't have much to separate as far as net worth so there was no point in doing so.
The short version:
There was obviously things she needed and wanted and things I needed and wanted, so she got ALL the furniture and household items minus the master bed which I built myself....I kept our 1980 boat($3800 project) and the truck which are paid for, and also assumed a $4k personal loan balance(was $8k) to offset the difference there.
I brought into the marriage many tools from my teenage years and some I inherited from a grandfather that passed away. According to our state laws I get to keep those.
We split the little proceeds that came from the sale of the house.
I have a motorcycle and a small flatbed trailer that we'll also split the proceeds when they sell.
The latest argument comes from our cars, I had leased a 2011 Subaru and she had leased a 2012 Civic prior to separating. My lease matured and I took out a loan and bought it out because it was in the + as far as value, having about $3k equity in our market at a value of $17-18K. Her Civic has one more year to go, and will net her similar equity if she buys it out but at a value of $14-15k. She's saying I should reimburse her some money because my car is worth more than hers and the lease payment was more even though there is the same amount of equity in the two.
State statute just simply says whoever assumes the debt keeps the car.
Whoever assumes the debt keeps the car but we're talking about the equity here, correct?
Take the difference in KBB value of each car and divide by 2, that's the amount she's entitled to.
How much $ are we talking about here? Is it worth haggling back and forth over and drag this settlement out any longer?
Whoever assumes the debt keeps the car but we're talking about the equity here, correct?
Take the difference in KBB value of each car and divide by 2, that's the amount she's entitled to.
How much $ are we talking about here? Is it worth haggling back and forth over and drag this settlement out any longer?
It should be worth a motorcycle and trailer, IMO. That should be fair for both. Make the offer.
Whoever assumes the debt keeps the car but we're talking about the equity here, correct?
Take the difference in KBB value of each car and divide by 2, that's the amount she's entitled to.
How much $ are we talking about here? Is it worth haggling back and forth over and drag this settlement out any longer?
He says the cars have an equal amount of equity.
But yes, how much is she asking? If not much, decide if it is worth fighting over. Remember, it is hard to make everything "fair". If you can agree on something you can live with, even if not completely fair, that's good enough, IMO. Maybe there is a reason she needs another $X ? Like maybe she is a little short on renting her new place?
I think you got out light. Choose whichever seems fair-er, and count your lucky stars you just divvy up cars and not childrens and real estate.
Oh, and pay for a qualified paralegal to file the papers correctly. You don't want all your effort to bounce out of family court like a rubber ball and start over again at square one.
I'm in the middle of a divorce that we are basically doing amicably without lawyers. We don't have much to separate as far as net worth so there was no point in doing so.
The short version:
There was obviously things she needed and wanted and things I needed and wanted, so she got ALL the furniture and household items minus the master bed which I built myself....I kept our 1980 boat($3800 project) and the truck which are paid for, and also assumed a $4k personal loan balance(was $8k) to offset the difference there.
I brought into the marriage many tools from my teenage years and some I inherited from a grandfather that passed away. According to our state laws I get to keep those.
We split the little proceeds that came from the sale of the house.
I have a motorcycle and a small flatbed trailer that we'll also split the proceeds when they sell.
The latest argument comes from our cars, I had leased a 2011 Subaru and she had leased a 2012 Civic prior to separating. My lease matured and I took out a loan and bought it out because it was in the + as far as value, having about $3k equity in our market at a value of $17-18K. Her Civic has one more year to go, and will net her similar equity if she buys it out but at a value of $14-15k. She's saying I should reimburse her some money because my car is worth more than hers and the lease payment was more even though there is the same amount of equity in the two.
State statute just simply says whoever assumes the debt keeps the car.
Thoughts?
I would enlist the help of a mediator.
You pay them by the hour and you guys probably wouldn't need more than an hour or two to sort this out.
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