Property Division...

[littleones]

What is the name of your state? CA

My husband and I are just starting to go through the divorce process. We are currently getting the filing paperwork in order, and are trying to stay as friendly as possible (which I think we are both surprised that we have been able to do thus far).

In the forms, we are needing to determine property division, and when I went in for a consulatation with an atty, a while back, he said that they would take the value of each item and do a running total.

My question is...how do they determine the value of something? Is there some sort of calculation? For instance, our tv. We paid $800 for it 5 yrs ago...how do we figure out the value of it for present day?

Thank for any help!

[Bali Hai]

Originally Posted by littleones

What is the name of your state? CA

My husband and I are just starting to go through the divorce process. We are currently getting the filing paperwork in order, and are trying to stay as friendly as possible (which I think we are both surprised that we have been able to do thus far).

In the forms, we are needing to determine property division, and when I went in for a consulatation with an atty, a while back, he said that they would take the value of each item and do a running total.

My question is...how do they determine the value of something? Is there some sort of calculation? For instance, our tv. We paid $800 for it 5 yrs ago...how do we figure out the value of it for present day?

Thank for any help!

Since you both are so amicable about the divorce, why don't you simply both agree on the value of the items?

[BelizeBreeze]

Originally Posted by littleones

What is the name of your state? CA

My husband and I are just starting to go through the divorce process. We are currently getting the filing paperwork in order, and are trying to stay as friendly as possible (which I think we are both surprised that we have been able to do thus far).

In the forms, we are needing to determine property division, and when I went in for a consulatation with an atty, a while back, he said that they would take the value of each item and do a running total.

My question is...how do they determine the value of something? Is there some sort of calculation? For instance, our tv. We paid $800 for it 5 yrs ago...how do we figure out the value of it for present day?

Thank for any help!

Contact your insurance carrier for current assessed value of any disputed items. Remember, the tv may have cost $800 five years ago, but with depreciation and amortization it's barely worth $200 now, if that.

[LdiJ]

Originally Posted by littleones

What is the name of your state? CA

My husband and I are just starting to go through the divorce process. We are currently getting the filing paperwork in order, and are trying to stay as friendly as possible (which I think we are both surprised that we have been able to do thus far).

In the forms, we are needing to determine property division, and when I went in for a consulatation with an atty, a while back, he said that they would take the value of each item and do a running total.

My question is...how do they determine the value of something? Is there some sort of calculation? For instance, our tv. We paid $800 for it 5 yrs ago...how do we figure out the value of it for present day?

Thank for any help!

Household items should generally be valued at more or less "yard sale" value....which means no more than 20% of their original purchase price.

However, in all reality things like household items should be based on you each getting a fair share....not necessarily based on value, but more based on utitlity.

[Litigation!]

Originally Posted by LdiJ

Household items should generally be valued at more or less "yard sale" value....which means no more than 20% of their original purchase price.

However, in all reality things like household items should be based on you each getting a fair share....not necessarily based on value, but more based on utitlity.

My response:

Obtain a copy of, read, use and follow the guidelines set forth in Marriage of Cream (1993) 13 Cal.App.4th 81, 16 Cal.Rptr.2d 575 - - not the bullcrap Ldij is trying to cram down your throat. Ldij has been told innumerable times to stay off of California threads, but she persists in spewing her nonsense.

IAAL

[LdiJ]

Originally Posted by Litigation!

My response:

Obtain a copy of, read, use and follow the guidelines set forth in Marriage of Cream (1993) 13 Cal.App.4th 81, 16 Cal.Rptr.2d 575 - - not the bullcrap Ldij is trying to cram down your throat. Ldij has been told innumerable times to stay off of California threads, but she persists in spewing her nonsense.

IAAL

Pound sand...

[Bali Hai]

Originally Posted by LdiJ

Pound sand...

MOM!!

[littleones]

Thanks for the advice...I will look into the case that you stated IAAL!

I was wondering if you were still around, I use to come here quite a bit for advice on my stepsons' custody issue, and you always helped out!

[Litigation!]

Originally Posted by littleones

Thanks for the advice...I will look into the case that you stated IAAL!

I was wondering if you were still around, I use to come here quite a bit for advice on my stepsons' custody issue, and you always helped out!

My response:

I'm always here, much to the chagrin of that sphincter-nibbling Ldij.

IAAL

[nextwife]

Originally Posted by BelizeBreeze

Contact your insurance carrier for current assessed value of any disputed items. Remember, the tv may have cost $800 five years ago, but with depreciation and amortization it's barely worth $200 now, if that.

Yeah, I have a computer I paid $800 for ten years ago, too.

Wanna know what it's worth now?

[Ithildriel]

Originally Posted by nextwife

Yeah, I have a computer I paid $800 for ten years ago, too.

Wanna know what it's worth now?

fity cent?