deleted - thanks Jim

hcv123 · #1 09-08-2015, 10:51 AM

Quote:

Originally Posted by murphusa

You never move out, never

I know that now

hcv123 · #2 09-08-2015, 10:54 AM

deleted

Maddog · #3 09-08-2015, 03:31 PM

Some other points you may want to think about:
1) Was the S-Corp formed pre or post marriage?
2) Is the ex listed as a shareholder of the S-Corp?
3) If you filed tax returns for the S-Corp, I assume that there were some profit making transactions. If so, I would treat the collection in the home as "inventory", hence business assets, and demand access to them for "business purposes"

esd10 · #4 09-08-2015, 05:17 PM

in a divorce all assets have to be split 50/50 that includes the collection if acquired during the marriage but if you could take part of your assets in the collections value.

Maddog · #5 09-08-2015, 09:52 PM

Quote:

Originally Posted by esd10

in a divorce all assets have to be split 50/50 that includes the collection if acquired during the marriage but if you could take part of your assets in the collections value.

Not necessarily the case. State law varies and there are rules governing source of funds used to make the purchase. Not an attorney but have been involved in cases on the tax side that makes good records very important.
Best advice, make sure your attorney is a matrimonial attorney and not someone who tries to do several different areas of law.

Jantz · #6 09-08-2015, 10:57 PM

Quote:

Originally Posted by esd10

in a divorce all assets have to be split 50/50 that includes the collection if acquired during the marriage but if you could take part of your assets in the collections value.

Not entirely true.

When I was at the end of my sentence...um, I meant marriage

, I was informed by the judge that if either person in the divorce missed a single monthly utility bill or mortgage payment that the other person involved would retain ownership of the house and it's contents.

The OP needs to call his soon-to be ex wife's lawyer and ask them if they want paid in two weeks or two years. This works well.

hcv123 · #7 09-09-2015, 12:01 PM

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