[Mgs] LBC Valuation in Divorce

[Charley & Peggy Robinson]

You seem to be thinking of weaseling out.  If you think in fairness, 
you'll  get them appraised ( say, court appointed appraiser) and go from 
there.  Quit weaseling!

CR


On 9/11/2016 6:27 AM, daybell7--- via Mgs wrote:
> Thanks for the great input.  All that is required is for her to agree 
> to a value.  I have a lawyer, but my non-lawyer thoughts are:
>
> 1.
>     Present my estimates which are lower than the insured values
>     hoping she accepts the insured values.
> 2.
>     Request the divorce be granted pending agreed valuation of the
>     LBCs and designate an mutually agreed upon appraiser - certified
>     or not.
> 3.
>     My “Certified Appraiser” may not be acceptable to her and a brief
>     search revealed an appraisal cost of $300, kinda expensive.
> 4.
>     Buy the auction (bid highest) if the Judge orders such.
> 5.
>     Document purchase price of the car and add all restoration costs
>     to determine a “basis” for the cars.
> 6.
>     Since I owned two cars (not these), argue that at least two
>     ane “non-marital” property and not subject to division.
> 7.
>     Ask her to state “How much she thinks” they are worth and go from
>     there.
> 8.
>     Pick and choose, two each.
> 9.
>     Sell them myself against court orders facing the consequences, but
>     avoiding auction.
>10.
>     Are there any judges out there?  Can’t a man keep his LBCs?  Seems
>     a Judge has a duty to attempt to preserve assets and property for
>     people in the district.  I worked many hours on these cars and
>     kinda like them.  I suppose the loss of them is part of the pain
>     of divorce and I could find others to fix up.
>
>
> Sent September 9:
> 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.
>
>
>
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