Not exact matches
So you are torn between wanting to draw a line in the sand, sever all connection with your toxic mate and
divorce, which means expense and dividing up the
assets which for the vast majority of people means having to settle for a
lower standard of accommodation, much
lower.
In a
divorce, a spouse with a lot of wealth may try to hide
assets in order to make their income appear
lower than it is, and so that these
assets will not be a part of the Tennessee equitable distribution award.
Okay, I made that definition up, but you must admit that things are getting a bit out - of - hand in
divorce proceedings when the husband demands that the $ 5,500 spent on his wife's breast implants be counted as marital
assets, entitling him to additional property in the breakup (and then takes this claim to the state's Supreme Court when the
lower court mocks him).
If you're
divorcing or dissolving your civil partnership, rather than separating as cohabiting partners, such collections could be taken into account as part of the «pot» of
assets to be divided, unless they are of very
low value.
Contested
divorces with complex custody agreements and business
assets can cost up to $ 40,000, but mediation costs can begin as
low as $ 4,500.
In other words, a quick sale might indicate a fire sale situation, a previously agreed - upon price between a seller and buyer, an underpriced listing manipulated by a trusted but nevertheless unscrupulous Realtor in search of a quick commission, a
low price designed to settle up a disposition of
assets during a
divorce proceeding, a sale designed to settle up a Will proceeding etc., etc..