Divorcing.

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Divorcing.

Postby jumpingspider » Sat Jun 10, 2017 8:49 pm

Divorcing from marriage

If spouse A brings a car into the marriage (owned/paid by Spouse A) but during the entirety of the marriage, the expenses of operating/maintaining/insuring the car was paid by Spouse B throughout the entirety of the marriage, does Spouse B get half of the value of the vehicle during equalization? (similar to constructive trust?)

If one of the spouses had a $50,000 car with a $10,000 loan prior to getting married and brought it into the marriage, and post getting married the car is worth $15,000 and has no debt, do you still calculate net asset value (asset - debt?) or do you just keep what you bring in and you don't count the car at all during pre and post marriage calculations?

Thanks
jumpingspider
 
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