[Mgs] LBC Valuation in Divorce

[Andrew Lundgren]

I agree with Charley.  What they cost to replace and what they are worth on
the open market is not always the same.

Go with the appraiser, get a professionally documented value and go from
there.

--
Andrew

On Sep 9, 2016 9:01 AM, "Charley & Peggy Robinson via Mgs" <
mgs at autox.team.net> wrote:

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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