Hi!!!!!!!!
I'm a car enthusiast, recently split from my wife of 20 years.... and have some "division of family asset" questions.
I have just lost my best friend, 9 months ago. We were both diehard car guys. His sister called me to their house after his memorial service and said my friend had instructed her, executor of his will, to leave me his project car, parts, and $5000 to go towards the restoration of the car.
It's an inheritance, it was ONLY for me, and the sister - once finding out about our split- went to a notary and signed an affidavit that states the car and money were left to me by my friend, and me alone.
Does my soon to be ex have any way to try to take anything?
Most certainly never used as family asset in any way shape or form..... it's a race car in pieces, engine out, bare metal etc.
Next question....
I have a old car that I bought in 1982. I drove it in 1986 and 1987. It has never been driven since. It was never painted, never had an interior, but it was my dream car and I got it running and drove it. I last insured it in 1987. I dated in 1989 and married my wife in 1991.
The car was never used as a family asset, it was never insured, never driven, it was never drivable. It has been stored since 1987.
I have worked on the car from time to time, by myself, but not often. It still is nowhere near drivable, never has been since 1987.
I was injured in a car accident in 1996 and got a personal injury settlement in 2000. I bought an expensive engine with my insurance award money- I was badly injured and recieved a lot of money for personal injuries. I spent $15000 out of a six digit settlement on the engine.
Can she try to ask me for 1/2 the price of the car? Can she try to claim something for the engine? I used my personal injury award for the engine, and she has spent multiple times the price of the engine on "her things" over the years.....
Where would the law be on this?
Third question.......
I have my car hobby tools in a tool box. I had an automotive business before we dated, I had lots of tools. Once I started working where I work now (before we dated to present) I used my tools for my car hobby only. She does NOT help, my grown kids have NEVER helped. It's all that I do in my spare time.
I have tools and car parts, lots of stuff from swap meets over the years, not a ton of stuff, and not terribly valuable to others, but it's MY car stuff from over the years.
Does car hobby stuff get split when it is my hobby, my hobby alone, and no "family" money was ever used for it? I've always paid out of my separate personal account for my things, never out of a joint account.
Are "family assets" exactly as I have read, used for a family purpose, or used by the family?
I just want to know from a legal standpoint, if anybody can help me!
Thanks!!!!
I'm a car enthusiast, recently split from my wife of 20 years.... and have some "division of family asset" questions.
I have just lost my best friend, 9 months ago. We were both diehard car guys. His sister called me to their house after his memorial service and said my friend had instructed her, executor of his will, to leave me his project car, parts, and $5000 to go towards the restoration of the car.
It's an inheritance, it was ONLY for me, and the sister - once finding out about our split- went to a notary and signed an affidavit that states the car and money were left to me by my friend, and me alone.
Does my soon to be ex have any way to try to take anything?
Most certainly never used as family asset in any way shape or form..... it's a race car in pieces, engine out, bare metal etc.
Next question....
I have a old car that I bought in 1982. I drove it in 1986 and 1987. It has never been driven since. It was never painted, never had an interior, but it was my dream car and I got it running and drove it. I last insured it in 1987. I dated in 1989 and married my wife in 1991.
The car was never used as a family asset, it was never insured, never driven, it was never drivable. It has been stored since 1987.
I have worked on the car from time to time, by myself, but not often. It still is nowhere near drivable, never has been since 1987.
I was injured in a car accident in 1996 and got a personal injury settlement in 2000. I bought an expensive engine with my insurance award money- I was badly injured and recieved a lot of money for personal injuries. I spent $15000 out of a six digit settlement on the engine.
Can she try to ask me for 1/2 the price of the car? Can she try to claim something for the engine? I used my personal injury award for the engine, and she has spent multiple times the price of the engine on "her things" over the years.....
Where would the law be on this?
Third question.......
I have my car hobby tools in a tool box. I had an automotive business before we dated, I had lots of tools. Once I started working where I work now (before we dated to present) I used my tools for my car hobby only. She does NOT help, my grown kids have NEVER helped. It's all that I do in my spare time.
I have tools and car parts, lots of stuff from swap meets over the years, not a ton of stuff, and not terribly valuable to others, but it's MY car stuff from over the years.
Does car hobby stuff get split when it is my hobby, my hobby alone, and no "family" money was ever used for it? I've always paid out of my separate personal account for my things, never out of a joint account.
Are "family assets" exactly as I have read, used for a family purpose, or used by the family?
I just want to know from a legal standpoint, if anybody can help me!
Thanks!!!!
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