[Mgs] LBC Valuation in Divorce

[Charley & Peggy Robinson]

Id tell the Ex that I'd split the cost of an appraisal with her. Perhaps 
the appraisal results would be a reality check for both of you.  After 
the appraisal I'd have to make a choice between one of each running and 
one of each non-running.   Or perhaps you could buy out her share.  Do 
you have a place to keep them?

CR



On 9/9/2016 5:20 AM, daybell7--- via Mgs wrote:
> Help please!
>
> I feel I know the fair market value for my cars - basically the price 
> I’d sell them for.  I also have them insured for a greater value due 
> to the incremental way insurance is sold. Wife thinks they are made of 
> gold.
>
> I’ve owned LBCs for 35 years (not current cars) and done all work 
> except paint.  I usually struggle through repairs but finally manage.
>
> I think I know the best way to find the valuation is to hire an 
> appraiser, but short of that, does anyone have experience or thoughts 
> how to handle LBC valuation in a divorce?
>
> I have four cars, ‘72 MGB, ‘68 BGT, ‘73 TR6, ‘59 Minor. One solution 
> is to pick and choose -  I get two and wife gets two.
>
> TR6 and MGB drivable.  BGT & Minor not drivable.  Paint on Minor 
> original; all others over 10 years.  Tires on all over 10 years.
>
> Thanks for input (even humor).
> Steve Hughes
> Gainesville, FL
>
>
>
>
>
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