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Old 07-07-2017, 03:20 PM
mathatter89 mathatter89 is offline
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Default Sanity check, valuation of vehicle.

Sanity check here.

The underlying principle is "you keep what you brought into a marriage", right?

So let's assume a $25,000 car (new) is worth $20,000 at time of marriage and $10,000 at time of separation.

In this case, the value of the car has dropped at time of separation. You declare the $20,000 as something you owned at time of marriage and exempt that from your net worth at time of marriage. However, if you keep what you brought in, then based on the financial disclosure form, you still to declare the $10,000 car now as it's something that you can sell. (Right?)

So if that's the case, then doesn't that go against the principle "you keep what you brought in?"

Thanks
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