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Our biz has "gone south" lately, might come bk, but..3 yr separated hubby now says he has NO $$ left soon & wants me to sell my NY condo that I have owned since BEFORE marriage. I hear he is entitled in FLA to the 50 % of the depreciated value that it has gone UP since marriage, for Ex:$80,000, but IF we sell it to pay off MARITAL debt, can't I GET a note from his divorce attorney/mine clarifying that IF & WHEN we sell our MAIN florida home , one day, in 6 years after divorce probably (he wants us to stay in the home till kids OUT of high school), that he will NOT get a 50/50 split of the profit from the florida home since I will have paid $300,000 of MY pre-marital condo $$$ towards credit card debt, home equity & maybe that condo profit $$ will even get to pay DOWN the mortage, too, on our main Florida home that I live in w/the kids. I hope u can understand what I am trying to do. He is slightly aware that I am NOT happy at all to have to sell my NY (30 min N of NYC) condo to pay off his/our BAD business deals while married. Especially since the REAL reality is....he had me sign PERSONALLY , says he didn't realize we/ I were signing personally on a real estate partnership/investment co going "SOUTH/BAD" very quickly. Like foreclosure or bancruptcy..who knows. Anyway,everything has always been under my name, cars, homes, investment properties,by the way, since he always had tax issues, bad credit issues before marriage. We have even filed tax returns separately just to "keep my credit" clean. So, in a nutshell..since he now realizes that he should of LISTENED to me & NOT have gotten pissed at me when I would say at 7 a.m. schlepping kids to school, 'WHAT am I signing?" If I had said, "Oh let me get an attorney to look at this doc (mind u this is when the marriage was still quite intact years ago)...then maybe, just maybe we would of NOT signed personally & NOT be in the deal that could possibly take EVERY single asset I own personally that I've worked hard for for 23 years. GREAT, huh???? i quess if we forclose on the investment project that in Florida that they can't come after my main florida home. Great..but what abt everything else??? Art work, jewelery, vacations, clothes. One friend told me that EVERYTHING I mkae in the future will be garnished. So, how does one end up existing, if u can't buy a car or lease, clothes..can do without a vacation, but...what does all this really mean? What assets can be taken??? MEANWHILE, he has let a " over 10 yr stature of limitations" run OUT on his bad tax issues & can NOW..probably start plugging any of his prfots into his OWN acct & leave me with what???? CHild support for only 6 more years?? I helped,buil his NEW career by the way before the marriage fall out. I have a forensic accountant & I will have all his bank accts analyzed if necessary (have some proof of monies he has spent on the 28 yr old girlfriend, he's 65, before he filed for divorce 1 1/2 yrs ago) For ex she owns 2 townhomes one low that she boughtt w/money from an acct that I had w/my husband as signatory..he would loan peole oney 7 can tell that he loaned this girl money to but 2 townhomes & flip, even in a LOUSYmarket, she can eaisly make $300-400,000. So, why in the heck do I HAVE to sell my NY condo???? I by the way, still...3 yrs later have NOT filed for immediate child support. He has always given me chunks of money along the way & NOW...says he's going to give me a 1099 for he said it was income to me from him. Another cute catch lately? he says, "Well..you have the tax right off from the kids & business losses I can write off." So, whew.....what do u think? Any advice is helpful, if u have followed any of this before I spend money on more attorneys, but I do have them all lined up, divorce, forensic, business, tax attorneys. Is amazing how they can get all the money. All I want is my $300,000 or so BACK, if & when we sell our main home one day. Seems resaonable to me & the $$ to keep paying a $2 million dollar Life ins policy on my husband. Thanks for listening. Am really OK sort of..just stumbled across this site today on MSN. Thanks!
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