Farm has sold ...

[Cindi]

Good and bad news. Now I have to wait and see if Fred keeps his promise, which was if I didn't lay claim to the property during the divorce, he would "take care of me and be fair" when it sold. I guess we'll soon see.:confused:

[ncboman]

Doan look for bad news where there is none. :)

ncboman

[Altjaeger]

Look for the best until he proves otherwise.

[Bill Gunn]

During a divorce there is only ONE dress code...

CYA
(for both sides)


Why would it not "FAIR" for you to lay claim to the property during the divorce??

Trust me, I know how things can be twisted up at those times, but the word "FAIR" sure seems to get beat up during divorces. :o

I truly hope he does you right...

[Cindi]

Me too, but he made it clear during a conversation the other day that he doesn't believe he owes me a damned thing. His words exactly. But, he WANTS to give me something. I said, well, that's what we agreed wasn't it?

Maybe he'll surprise me, but I have a sneaking suspicion that I screwed up royally.

[Bayrat]

I've never heard of there being only one version of "fair" in a divorce. And it can change weekly, if not daily !!!!

It took my lawyer and a judge months to explain to my exwife and her nutty laywer what fair really was.

Cindi, I hope to hear that yours is the exception to my jaded view.

Bayrat.

[Cindi]

Well, he's already tried to tell me that he has to pay capitol gains on the sale proceeds. I looked it up and he does not. I hope I'm wrong too. We'll know by the end of June.

[Bushman]

Whose name(s) were on the deed? Isn't FL. a marital property state and you guys were married for more than a certain number of years, right? Did you sign a pre-nup if his name was on the deed?

[Jo Ann]

Cindi, I sure hope he doesn't do like mine did. I didn't get a thing from him and I worked and help provide for 32 years, but he didn't see that. Wishing you the best.

[ncboman]

Well, he's already tried to tell me that he has to pay capitol gains on the sale proceeds. I looked it up and he does not. I hope I'm wrong too. We'll know by the end of June.

I'd be most interested in knowing how to avoid capital gains tax on the sale of real estate.

ncboman

[Cindi]

Bushman, both ours were until the divorce when I signed off of it in an effort to keep from having to sell it fast and cheap. We had a verbal agreement that he would be fair when the place finally sold.

Jo Ann, his words were that he does not owe me a dime, but WANTS to give me something. This of course was just a few weeks ago, not at the time that I signed the paper.

Boman, if you sell your main home that you have lived in for at least two years and you sell it because you have to leave for health or economic reasons (can't find a job) then you don't have to pay the capital gains. You get credit for up to 250,000 dollars for an individual or 500,000 for a couple. The profit on the sale of this property is no where near that. See link

http://home-equity.interest.com/qanda/capital_gains_tax_home_sale_qa.html

[ncboman]

ok, I see how he did it.

The gov busted my arse on a house I sold at peak market last year. I knew it was going to happen and couldn't get around it. Kinda heats me up, the gov had no investment nor risk yet claimed a healthy chunk of MY money. :mad:

meanwhile, the perfectly healthy guys down the road have made a successful career change to 'disability'. :mad: :mad: :mad:

Now they won't work unless it's for straight cash under the table. :mad:

ncboman

[Cindi]

I had neighbors like that for awhile, they also had a "kitchen fire" where the wife came over and asked me in perfect English to call the fire department because she didn't speak English well enough. I can only assume she thought it would be more realistic for the insurance company if someone else called. They got a new kitchen out of the deal, but what goes around comes around. Eventually they couldn't make the payments and lost the house.

I felt bad for the kids, but unfortunately, they learned how to deal from good old Mom and Dad. The boy was the one who hit Jake with the golf club when he was 5. It was an accident, of course, but 6 months later an old lady in a Cadillac hit his father and the kid wasted no time in telling me that if she drove a cadillac she must have a lot of money and his Dad was going to sue.

I said, "Gee, your dad is really lucky we didn't feel that way when you hit Jake with the golf club."