Are Rolexes Considered Community Property?

[MonBK]

Originally Posted by Abdullah71601

To who?

Her husband.

[Abdullah71601]

My first wife and I divorced amicably without the need of a crew of lawyers. I hired an attorney to do the paperwork and it was all over in less than 60 days, including the 30 day cooling off period.

I don't remember the grounds, something like she tortured me, but it was quick and financially painless.

[andromeda160]

Originally Posted by Abdullah71601

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

They're out there but most anyone I know who is happily married now has still been throuh a divorce or two.

[Abdullah71601]

Originally Posted by andromeda160

They're out there but most anyone I know who is happily married now has still been throuh a divorce or two.

Practice makes perfect. It helps if you marry for the right reasons. And usually, physical beauty isn't one of them.

[Etschell]

Originally Posted by Abdullah71601

Practice makes perfect. It helps if you marry for the right reasons. And usually, physical beauty isn't one of them.

uh oh, paul is in trouble then.

[Rolex addict]

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.

One of the guys I meet up in Philly, Bill (aka anothernewphone), was telling me his wife works with a lady that has everyone's ring in the office ranked by size and value. To me, that kind of behavior is a huge red flag. Crazy.

[Demosthene]

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.

No DNA from the dog left on the bike?

[69mach351]

A lot of (financial) pain in this thread. I guess that is why everyone says you should get married...once.

Every situation is different I guess.

[drgoro]

Prenup, best $10K you could have spent.

[BristolCavendish]

Funny how in the temporal world things like money, social status, sex and material belongings tend to take precedence over just about everything else. Chances are this couple wouldn't be disputing over a Citizen EcoDrive. From the perspective and standpoint of most mortals, perhaps the material world and its vast array of objectified trophies represent all there is to be seriously considered (at least until something better comes along). There was thread awhile back about the Dalai Lama owning and wearing a Rolex and Patek Philippe. Imagining now that perhaps even he cannot transcend time and space (although he was fortunate in not having to deal with opportunistic ex-wives).

Back to topic. I once knew a 747 airline captain who after three divorces (and four children) was paying so much in alimony and child support he was forced to share an apartment with some college kids. Lost all of his house(s), cars, boat and yes, a now vintage Rolex GMT/Pepsi.

[Rolex addict]

Originally Posted by Demosthene

No DNA from the dog left on the bike?

Yes. Hair and blood. He broke a spoke and it cut him. Point is, I didn't have proof in the courtroom.

[Rolex addict]

Originally Posted by BristolCavendish

Funny how in the temporal world things like money, social status, sex and material belongings tend to take precedence over just about everything else. Chances are this couple wouldn't be disputing over a Citizen EcoDrive. From the perspective and standpoint of most mortals, perhaps the material world and its vast array of objectified trophies represent all there is to be seriously considered (at least until something better comes along). There was thread awhile back about the Dalai Lama owning and wearing a Rolex and Patek Philippe. Imagining now that perhaps even he cannot transcend time and space (although he was fortunate in not having to deal with opportunistic ex-wives).

Back to topic. I once knew a 747 airline captain who after three divorces (and four children) was paying so much in alimony and child support he was forced to share an apartment with some college kids. Lost all of his house(s), cars, boat and yes, a now vintage Rolex GMT/Pepsi.

Sounds like the pilot needs to keep it in his pants.

[Kingair]

Originally Posted by Rolex addict

Sounds like the pilot needs to keep it in his pants.

He was using the wrong stick 😂

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[rr-nyc]

Originally Posted by drgoro

Prenup, best $10K you could have spent.

Did you make the attorney hand write it from scratch?

Even at an absurd $1000 per hour, it shouldn't take 10 hours to draft a prenup

[Etschell]

Originally Posted by rr-nyc

Did you make the attorney hand write it from scratch?

Even at an absurd $1000 per hour, it shouldn't take 10 hours to draft a prenup

Haha. Financial disclosure. You'll need to value those assets and businesses which will take a forensic accountant. Not so simple.

Plus both parties need a lawyer and the one requesting the pre nup usually has the means to pay both fees.

[AK797]

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.

Get married, but just make sure Eliot comes on honeymoon and semi-lives with you so you don't get burned later.

[rr-nyc]

Originally Posted by Etschell

Haha. Financial disclosure. You'll need to value those assets and businesses which will take a forensic accountant. Not so simple.

Plus both parties need a lawyer and the one requesting the pre nup usually has the means to pay both fees.

That makes sense.

My wife and I didn't have a ton of assets when we got married so it didn't make much sense for me to pursue a prenup

[Abdullah71601]

I had a prenup twice. My religion requires a marriage contract, and it has to be written, and witnessed by people of good character from both sides. Since both parties share the religion, there's no shadow of discontent created by engaging in the process. Marital expectations are agreed to in advance, as well as dissolution of assets should we decide to part ways later. While the requirement is shariah, the contract is written by local lawyers to ensure it meets all the technical requirements. It made my first divorce blissfully easy to resolve.

[Star Ferry]

Originally Posted by rr-nyc

That makes sense.

My wife and I didn't have a ton of assets when we got married so it didn't make much sense for me to pursue a prenup

In practice, what can happen is this: one side says "Yes, I signed the prenup, but only because he told me he was worth $10,000 and earned $40,000 per year. Therefore, I didn't know I was giving up my rights to half of his $2 million in assets and $400,000 annual salary. Had I not been misled, I wouldn't have signed." Even if this is a total lie, it has the potential to invalidate the agreement.

My brother is a commercial real estate lawyer. One of his firm's partners, who had started his career in family law, agreed to do a prenup for a major client. They did the work for free because the client had generated millions in fees for the firm over the years. The crazy thing is that the price would have been over $30,000 based on billable hours and accounting fees

[Etschell]

Originally Posted by Star Ferry

In practice, what can happen is this: one side says "Yes, I signed the prenup, but only because he told me he was worth $10,000 and earned $40,000 per year. Therefore, I didn't know I was giving up my rights to half of his $2 million in assets and $400,000 annual salary. Had I not been misled, I wouldn't have signed." Even if this is a total lie, it has the potential to invalidate the agreement.

My brother is a commercial real estate lawyer. One of his firm's partners, who had started his career in family law, agreed to do a prenup for a major client. They did the work for free because the client had generated millions in fees for the firm over the years. The crazy thing is that the price would have been over $30,000 based on billable hours and accounting fees

bingo. most states require that the parties know each others financial circumstances. to what level varies from state to state. but if you have more to protect you better show it all including tax returns etc. also you better have her sign every page of financial disclosure as well. here is the hard part for the person claiming they didnt know. they have to prove whatever you provided was false or inaccurate so much so that they would not have singed the agreement. it is a huge hurdle. also, if they cant get the source documents (because it was so long ago) they cant prove the claim.

prenups can be invalidated for numerous reasons. but it is contract law 101. just because and terms of the agreement are "unfair" doesnt mean it is invalid if entered into absent of fraud, duress, coercion etc.

also you cannot waive things against public policy such as child support. likewise the right to temporary alimony/support and temporary attorney's fees cannot be waived in an agreement while the the dissolution action is pending.

[datejust24]

Originally Posted by 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.

I can honestly say that had I not met my wife...I'd be lucky to A. Still be alive and B. Have a home....When I first got out of college I was jacked on 'roids...well just drugs all around...and lived wrecklessly..

She saved me in many ways...Very true comment...Awful story man..

[Relentless]

"I recently lost my guns and watches in a boating accident"

Bryant

[HeartRolex]

Originally Posted by crowncollection

Secrets in a marriage are not part of a healthy relationship IMHO


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I agree. If one must keep secrets they should probably stay single.

[roaddog359]

Was that your boat?

[HeartRolex]

Originally Posted by nobbylon

Are you not all assuming he doesn't deserve this. For all we know he could have done any number of miserable things to her. There are always 2 sides to a story and maybe she bought the watches anyway in the belief he deserved them and unknown to her he was not the person she thought he was.

Thank you!

[Gaijin]

My Dad always said

A. Marry a rich woman or one with a good job. B. Don't let her quit her job.

[Wesley Crusher]

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.

I could buy a house with 3 months of my salary..... a Barbie playhouse.