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State Specific Community Forums >> Washington Issues

dogtails
recently joined

Reged: 07/08/10
Posts: 6

Determining A Fair Asset Split in a Do-It-Yourself

07/08/10 01:50 PM

Here our arrangement: Married 29+ years, no dependents, own our house free and clear, have savings and a collection of classic cars.

We are wanting to do a do-it-yourself divorce; we are negotiating rationally (so far).

Of course we are not agreeing and that is why I'm looking for ideas. We know WA is a 50/50 state and we acquired everything in our marriage.

I am wondering if there are any 'guidelines' for determining what is fair. Here are some of my challenges:

Our classic cars have a receipt value which covers just cost of refurbishing, but their market value maybe quite different, probably double...as spouse restores classics.

I have a retirement fund that has cash value and when I turn 65 will give me a few hundred a month.

Here's the deal the spouse wants to trade across his classic collection worth probably $75K+ for my retirement fund present value @ $12K Personally I don't want the cars but I don't think that is fair value. Retirement funds fail, classics appreciate, etc.

Oh, and the house - he wants to stay here until he wants to sell then I get my 1/2. That is fine (with a time limit) but I need all the savings to go buy another, lesser house. He says I should get only 1/2 the savings. I say give me all the savings which will go against the house sale proceeds. Oh, then he says depending on my decisions he may or may not charge me for the work he does to fix up the houses to sell it! (Yes, manipulative). We remodeled this house together, so....

Anyway, you get the drift...it's age old I'm sure. I'm just looking for remedy's or ideas that may work as we negotiate our way through this happy divorce.

Post Extras

Entire topic
Subject	Posted by	Posted on
Determining A Fair Asset Split in a Do-It-Yourself	dogtails	07/08/10 01:50 PM
Re: Determining A Fair Asset Split in a Do-It-Yourself	Debbs_Seattle	07/15/11 03:35 PM
Re: Determining A Fair Asset Split in a Do-It-Yourself	BarbaraSD	07/10/10 11:23 PM

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