Been there, done that. When it comes to a divor
Post# of 41414
Posted On: 03/04/2015 1:15:06 PM
Re: TheNewGuy66 #11469
Been there, done that.
When it comes to a divorce....or some other court order to "liquidate" assets so that they can be split up amongst certain parties....lawyers don't care about the details.
In my divorce, her lawyer wanted her to get her value in cash, even though I argued that to do so would plunge the value substantially.
Fortunately, I was able to trade my interests in my water toys (a couple of boats and a jetski) for her interests in my BLTA shares (I use "my", but the truth is she never worked a day in her life for any of it - but that is another story).....so the "deal" went through without having to quick sell any assets (she also took one of "my" houses while I took the other, so again no "quick sales" of any assets).
As an aside.....about a year ago an investment broker called me and asked me where I was investing my money.
I replied...."I don't know for sure, but let me give you my X's phone number, and you can ask her yourself."
All joking aside.....if a court decides you have to give cash instead of actual shares, they usually don't give you much other option or too much time to get it accomplished.....so some poor sucker between a rock and a hard place would have no choice but to sell....even if he knew the next mini was just a few days away...........
When it comes to a divorce....or some other court order to "liquidate" assets so that they can be split up amongst certain parties....lawyers don't care about the details.
In my divorce, her lawyer wanted her to get her value in cash, even though I argued that to do so would plunge the value substantially.
Fortunately, I was able to trade my interests in my water toys (a couple of boats and a jetski) for her interests in my BLTA shares (I use "my", but the truth is she never worked a day in her life for any of it - but that is another story).....so the "deal" went through without having to quick sell any assets (she also took one of "my" houses while I took the other, so again no "quick sales" of any assets).
As an aside.....about a year ago an investment broker called me and asked me where I was investing my money.
I replied...."I don't know for sure, but let me give you my X's phone number, and you can ask her yourself."
All joking aside.....if a court decides you have to give cash instead of actual shares, they usually don't give you much other option or too much time to get it accomplished.....so some poor sucker between a rock and a hard place would have no choice but to sell....even if he knew the next mini was just a few days away...........
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