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Re: [Mgs] LBC Valuation in Divorce

To: daybell7@aol.com, "mgs@autox.team.net" <mgs@autox.team.net>
Subject: Re: [Mgs] LBC Valuation in Divorce
From: Charley & Peggy Robinson via Mgs <mgs@autox.team.net>
Date: Sun, 11 Sep 2016 18:54:28 -0500
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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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    <p>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!</p>
    <p>CR<br>
    </p>
    <br>
    <div class="moz-cite-prefix">On 9/11/2016 6:27 AM, daybell7--- via
      Mgs wrote:<br>
    </div>
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        <div>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:</div>
        <ol style="padding-top: 0px; padding-bottom: 0px; margin-top:
          0px; margin-bottom: 0px; list-style-type: decimal;">
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Present my estimates which are lower than the insured
              values hoping she accepts the insured values.  </div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Request the divorce be granted pending agreed valuation
              of the LBCs and designate an mutually agreed upon
              appraiser - certified or not.</div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>My ?Certified Appraiser? may not be acceptable to her
              and a brief search revealed an appraisal cost of $300,
              kinda expensive.</div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Buy the auction (bid highest) if the Judge orders such.</div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Document purchase price of the car and add all
              restoration costs to determine a ?basis? for the cars.</div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Since I owned two cars (not these), argue that at least
              two ane ?non-marital? property and not subject to
              division. </div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Ask her to state ?How much she thinks? they are worth
              and go from there.</div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Pick and choose, two each.  </div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>Sell them myself against court orders facing the
              consequences, but avoiding auction.</div>
          </li>
          <li style="color: rgb(0, 0, 0); font-family: &quot;Color
            Emoji&quot;, &quot;Calibri&quot;, &quot;Segoe UI&quot;,
            &quot;Meiryo&quot;, &quot;Microsoft YaHei UI&quot;,
            &quot;Microsoft JhengHei UI&quot;, &quot;Malgun
            Gothic&quot;, &quot;sans-serif&quot;; font-size: 16px;">
            <div>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.</div>
          </li>
        </ol>
        <div><br>
        </div>
        <div>Sent September 9:<br>
        </div>
        <div>
          <div>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.</div>
          <div><br>
          </div>
          <div>I?ve owned LBCs for 35 years (not current cars) and done
            all work except paint.  I usually struggle through repairs
            but finally manage.  </div>
          <div><br>
          </div>
          <div>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?   </div>
          <div><br>
          </div>
          <div>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.  </div>
          <div><br>
          </div>
          <div>TR6 and MGB drivable.  BGT &amp; Minor not drivable. 
            Paint on Minor original; all others over 10 years.  </div>
          <br>
        </div>
      </div>
      <br>
      <fieldset class="mimeAttachmentHeader"></fieldset>
      <br>
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