Are Rolexes Considered Community Property?

[brandrea]

Originally Posted by Gaijin

Wait it gets worse. I've got another one.

My best friend from high school. A full bird Colonel in the Air Force. 26 years. The day that he submits his retirement packet he comes home from work and finds the locks on his house have been changed. He can't get in and calls his wife. No answer.

Long story short this woman waited until the last minute of his career to divorce him to maximize her half of his retirement pension.


To say that my friend was floored is an understatement.

That is crazy.

Karma won't be kind to her.

[Matt C]

I would be losing my SH$T!


Sent from my iPhone using Tapatalk

[cornerstore]

Best first move, sue the boy friend for damages for breaking up the marriage. My second wife took that tactic against my girlfriend to leverage a settlement for more than 50% of our joint assets . Then for icing on the cake she sold her half of our business interests to her brother for a buck. It turned out to be a two million dollar affair. There is a reason for that old saying about a women scorned.

[rouxeny]

Originally Posted by cornerstore

Best first move, sue the boy friend for damages for breaking up the marriage. My second wife took that tactic against my girlfriend to leverage a settlement for more than 50% of our joint assets . Then for icing on the cake she sold her half of our business interests to her brother for a buck. It turned out to be a two million dollar affair. There is a reason for that old saying about a women scorned.

Ouch.

[nick h]

Originally Posted by Onikage

What's mine's my own. Ouch what a story... Not sure what the law is here (I don't plan on getting married, unless it's to someone with at least equal 'community property') I always thought watches and luxury items were safe from this, just half the house and bank accounts would go. Certainly worth a read up it seems.

i totally agree with you

been married twice and had one 'live in lover' who unfortunately was a solicitor and when we broke up she 'assest stripped' me

i'm now single with certain financial security shall we say, and as you say i would not entertain entering a 'full' relationship unless she has similar financial equity

it is as it sounds very brutal - but its realistic

friends keep trying to 'set me up' with single females - some very nice but in truth seem to see me as a financial 'catch'

what is mine is mine - end of story

you cannot have my watches/Range Rover/gold/property etc etc

[Rock]

It's a tricky business, even for the young.
Young guy of sober habits saves hard and buys a nice house.
He meets a 'nice girl' with nothing (has had a lot of O/S holidays)
She immediately has a child by him and then tells him to get out.
Court makes an order that she have custody of the child, live in the house, and get paid 'child support' (even though she now has a new live-in boyfriend who works)
Gee, that was fair. The problem is with our legislators who are ruled by bleeding-hearts and pressure groups.

[Bikerider]

Originally Posted by Rolex addict

Maybe not state a number, but say the watches were sold before the divorce papers were filed. I've had my share of court experiences and it would be her word against his. She would have to prove the watches were NOT sold. I've been completely on the right side of the law and lost court cases. Just one example not related to divorce, but a dog ran out in the road and hit me while on my bicycle. Destroyed a $1000 wheel. It's fur was stuck in the spokes and the bike was not rideable. I took pictures at the scene of the bike, but the guy took the dog inside quickly. The sheriff deputy came, filled out a report, and the guy actually claimed ownership of the dog. In court, I couldn't "prove" that it was "that" dog that did the damage. The owner said the dog never left the yard. I'm out $1000. So, I say again, prove the Rolex(es) weren't sold before the divorce papers were filed. He said/she said doesn't work in a courtroom. Now, I ride with a helmet cam.

Being a biker myself...what a bad story. sorry to hear that. I've ridden Mt. Mitchell a few times back in the day...be safe. Seems like the judge just didn't get it. our bikes are expensive.

[airchitect]

Isn't it amazing how horrible people become when there's divorce, money, or hurt involved? Isn't it also amazing the insane prejudice generally held towards men in these situations no matter the circumstances? I have to say, this is why you don't ever marry crazy.

[2ltdjorn]

Originally Posted by VinnieVegas

Sad situation, sorry to hear.

Have the lawyers negotiate it and let her choke on it. It's just a thing, though admittedly a fairly expensive thing.

Once he gets his bearings he can buy a shiny new watch, or shiny new watches.

Nothing like getting a new watch in the mail to cheer me up.

PS - wait till the millenial boyfriend wakes up one morning and realizes he doesn't want to be laying in the same bed as a middle aged woman. I mean, I'm 48, and even I don't want to be laying in the same bed as a middle aged woman...

Good luck to him.

[Rolex addict]

Originally Posted by Bikerider

Being a biker myself...what a bad story. sorry to hear that. I've ridden Mt. Mitchell a few times back in the day...be safe. Seems like the judge just didn't get it. our bikes are expensive.

Yeah, cyclists are hated just about everywhere. There are quite a few "bad" apples that do make it hard for the rest of us. A few months ago, a motorist assaulted AND pulled a gun on George Hincapie while he was out riding with his 8 year old son. The police did nothing. This guy has brought a lot of money, recognition, and tourism to the area. It's tough out there.

[Rolex addict]

Originally Posted by Etschell

i do divorce for a living. it is no different than buying a girlfriend jewelry watch prior to filing. in any state, community or equitable distribution, its dissipation. the only way it wouldnt be is if you used inherited funds that were not commingled with other funds.

if anyone needs advice just PM me.

I completely understand what you're saying. I'm not saying the action is legal or ethical. Proving it in court isn't necessarily an easy thing to do. One can be charged with anything, but that doesn't mean a conviction will happen. Ask OJ. As I'm sure you know, there are no guarantees in the court room.

[MonBK]

Originally Posted by Rolex addict

I completely understand what you're saying. I'm not saying the action is legal or ethical. Proving it in court isn't necessarily an easy thing to do. One can be charged with anything, but that doesn't mean a conviction will happen. Ask OJ. As I'm sure you know, there are no guarantees in the court room.

Same rules apply to elections.

[Ferdelious]

I'd have to imagine that her engagement ring cost close to 3 Rolexes???

[Rolex addict]

Originally Posted by Ferdelious

I'd have to imagine that her engagement ring cost close to 3 Rolexes???

One of my former coworkers went to Tiffanys in NYC to get his fiancée's ring. She told him that it had better cost more than his Rolex. To me, that just screams "run like Hell!!!"

[Gaijin]

Originally Posted by Rolex addict

One of my former coworkers went to Tiffanys in NYC to get his fiancée's ring. She told him that it had better cost more than his Rolex. To me, that just screams "run like Hell!!!"

[Etschell]

Originally Posted by GB-man

I was under the assumption that even if you have a separate bank account (not secret just premarital assets) once you use that money to buy something it's a marital asset?

Either way that sucks big time. I would prolly swap the watches with some of canal streets finest.

that is untrue. unless you purchase and asset and jointly title it like a home or car. or you commingle that separate bank account.

transmutation of assets does not lead to changing their marital or non marital status.

[saf1040]

Probably not legal, but would be tempted to tell them the watches are replicas.

[Etschell]

Originally Posted by Rolex addict

I completely understand what you're saying. I'm not saying the action is legal or ethical. Proving it in court isn't necessarily an easy thing to do. One can be charged with anything, but that doesn't mean a conviction will happen. Ask OJ. As I'm sure you know, there are no guarantees in the court room.

95% of divorce cases settle before a final hearing. you are correct rolling the dice with the judge is very risky.

[Etschell]

Originally Posted by Rolex addict

One of my former coworkers went to Tiffanys in NYC to get his fiancée's ring. She told him that it had better cost more than his Rolex. To me, that just screams "run like Hell!!!"

most women who are idiots still think 3 months wages (gross) is what the ring should cost. for some of us that is a house.

[Abdullah71601]

Originally Posted by Etschell

most women who are idiots still think 3 months wages (gross) is what the ring should cost. for some of us that is a house.

My wife hates diamonds, but loves real estate. She buys condo's, I buy watches and dive gear. Match made in heaven.

[Etschell]

Originally Posted by Abdullah71601

My wife hates diamonds, but loves real estate. She buys condo's, I buy watches and dive gear. Match made in heaven.

diamonds are essentially worthless. it is a controlled market by debeers.

[saf1040]

Originally Posted by Etschell

diamonds are essentially worthless. it is a controlled market by debeers.

Sold a diamond ring once that was $2500 from Zales. Most people offered $100. I was lucky and got $350 on eBay.

[Abdullah71601]

Originally Posted by Etschell

diamonds are essentially worthless. it is a controlled market by debeers.

She was a trained to appraise diamonds for work years ago. She's read in on the artificially inflated prices of diamonds and jewelry in general.

[Etschell]

Originally Posted by Abdullah71601

She was a trained to appraise diamonds for work years ago. She's read in on the artificially inflated prices of diamonds and jewelry in general.

everything is negotiable in the jewelry world, rolex included

[Abdullah71601]

Originally Posted by Etschell

everything is negotiable in the jewelry world, rolex included

I am not permitted to buy her jewelry. She was in the trade for years and knows that no matter how good I think the deal is, I paid way too much. Instead, I buy her LV, she loves it and it costs the same everywhere.

[andromeda160]

Lol reading this just makes me want to stay single forever.
Definitely read about the horrors of divorce far more than the pleasure of marriage.

[Abdullah71601]

Originally Posted by andromeda160

Lol reading this just makes me want to stay single forever.
Definitely read about the horrors of divorce far more than the pleasure of marriage.

Long happy marriages aren't as newsworthy as a scalding divorce. There are plenty of happily married people.

[MonBK]

My wife is happily married.

[Abdullah71601]

Originally Posted by MonBK

My wife is happily married.

To who?

[Etschell]

no offense to the wage earners here but many act like the women dont help them throughout the marriage. many times without the women they wouldnt have made it as far.