Divorce Source: Comparing the value of fixed and liquid assets

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Divorce Source Community Forums >> Property and Debt

Gashmore
recently joined

Reged: 04/01/11
Posts: 1

Comparing the value of fixed and liquid assets

04/02/11 05:28 AM

We are both near retirement. We have agreed to split equally the personal property but Wife's primary asset is her retirement fund. My primary asset is some rental property with a mortgage on it and a slightly negative cash flow. (Non-marital, but that is another issue.) My equity in the land ($100K)is slightly higher than her retirement fund but after sales commissions and other costs (about $50K)the net value would be less than her retirement fund. Her lawyer wants half the equity ignoring the sales cost which leaves me with nothing.

Is it proper to consider the liquidated value of my land (appraised value less cost to liquidate) when comparing it to her assets which have no cost to convert to cash?

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Subject	Posted by	Posted on
Comparing the value of fixed and liquid assets	Gashmore	04/02/11 05:28 AM
Re: Comparing the value of fixed and liquid assets	d2njti	04/04/11 05:00 PM

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