My current business partner is about to go through a messy divorce
. He currently owns everything he has including 40 acres in a popular coastal town that has three houses on it which he collects a decent amount of rent from.
My question is... Is there anyway he can get around not having to give her half of everything he owns? We have been discussing putting the property in my name as an option? We will be going to see the solicitors on thursday so any help would be greatly appreciated!!
Is this for a mate or yourself?
If a caveat has been placed on the property its probably best to agree to place the property on the market and then divide the proceeds 50/50. If lawyers get involved then kiss goodbye to so much capital.
Just agree to split it down the middle. That way both parties will leave with more than what they would otherwise.
In my expeirience the guys that do nothing and just wait it out do the best. I've seen this done a few times (even by lawyers) and it has worked a treat, try to reconciliate etc and just wait it out till the kids get out of the way and in the mean time shift assets around and limit cash when there is no co-operation. Unless she is earning the bucks it seems to work, if she is a business partner/director could be harder but still works. If you refuse to fight the lawyers get bugger all!
Wish I knew this when it was my turn.......... Anyways, happy now![]()
Sell it for cheap claim a loss put in Swiss bank account, hire jaen Claude van-dam and he can sort the problem out with diamonds :)
Get him to sell everything to you for $1, then she can take half of whats left - 50c and jam it. Then, depending on how good a mate you are, you can sell it back to him for $1.50 (gotta make something out of it) and all is roses, or as Iron Maiden once said... "Run to the Hills" ![]()
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Problem is that it takes 2 to avoid lawyers. Takes only one to involve the turds.
Seen it often from workmates (and lost a few good ones along the way): missus consults a lawyer even if the bloke tries to settle around 50-50. Has to give in to all the threats, etc. Included in some cases renting the kids for holidays, that sort of stuff. Then she gets a new business card saying "retired divorcee".
All the best.
Dialogue from recent movie...
"Why does it have to end this way?"
..
"If it wasn't this way, it wouldn't be ending..."
Ok, transfering assets into your name will almost certainly not work as he intends.
The combined assets will be considered, this includes her assets also.
If possible, seek mediation, agree on settlement and then seek 'order by consent' from court (this is where parties agree out of court, then the court reviews the agreement, if the court is happy it is fair it creates a court order to that effect).
Consider seeking mediation ASAP, even it there is no chance she will co-operate. She cannot drag it into court unless mediation has been attempted first.
Don't be surprised if legal advice is to evict daughter ASAP.
Been through my own version of this. Calmy explained to the ex, "whatever our disagreements (on exact share of $) might be, they will be small compared to what the lawyers will take out of the equation".
Managed to get agreement on asset split (had to let a few things slide that pissed me off), then paid a lawyer $2k to write it up and submit it to the court (this can be done without a lawyer).
An alternative strategy may be to evict daughter, stop rent $ going to ex and delay by whatever legal means possible. If he takes this path, he will understand the saying, "Hell hath no fury like a woman scorned".
Good luck, PM me if the above not clear ![]()
start shagging your business partner's "ex" misses to hold on
to the other half of assets,you may end up with more of the
buisness than you already own
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list the value of the assets now
list the value of your assests after divorce
i say you be lucky at 33.3% of original
How long can you drag a case out for...anyone know? this would give time to at least shift some bits and pieces around.
I bet she has already worked out what she can get, probably has a few divorcee 'sisters' giving her advice.
I remember a story on ACA or TT a few years ago, where a woman fought it out so hard, she ended up owing her lawyer money out of her own pocket. I think we (the viewers) were supposed to feel sorry for her. That's karma at it's best
, J
Glad to hear there's no kids involved.
All he'll lose is money.
Someone in a similar situation owned a thriving business, ex wanted half what she reckoned (actually her lawyers) the business was worth. Guy shuts the business the next day (loosing goodwill etc etc.) and says to his ex "What is half of nothing ?"
Good luck with it.