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Author Topic: Divorce and inventory--help  (Read 5842 times)

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Offline bhub

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Divorce and inventory--help
« on: July 03, 2008, 01:15:55 PM »
I have a small sawmill. I cut wood to use in my furniture business. I have about 2000 feet of walnut, cherry,
maple and oak. Most is 6 to 8 quarter. It is all cut either slabs or 1 edge live. most is between 1-18 inches wide. Most 8-10 foot length. 30% is decent grade . The rest is  full of various imperfections I like to use in tables. Its all air drying.  Bottom line my wife brought in some dude who claims its worth $40,000.
 I wish he would buy it!!!!!.  Could someone help me with where to find estimates. I did a lot of work with a trailer and pick up,  winch and manual mill. I have not been paid for my time and energy for the lumber. This is considered marital property. I know I have seen wholesale lumber prices listed somewhere.  Has anyone else had this problem and what have you done. Its a nasty go for the throat lawyer she has. Please any help I don't have a clue how to deal with the value.
 Thanks
bhub      I may have some pictures

Offline Osric

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Re: Divorce and inventory--help
« Reply #1 on: July 03, 2008, 01:24:24 PM »
Can't help other than to say that if they think it is worth $40,000 then you should be more than willing to let them have that as part of the marital property while you take other things.

Good Luck.


Offline OneWithWood

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Re: Divorce and inventory--help
« Reply #2 on: July 03, 2008, 01:27:54 PM »
Get yourself a good lawyer and some quotes from professional lumber buyers, in that order.
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Offline DanG

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Re: Divorce and inventory--help
« Reply #3 on: July 03, 2008, 01:31:20 PM »
Yep, just load it all on a trailer in two equal stacks.  Take it to the lawyer's office and let them choose between the stack, then dump their stack on his steps.  That ought to take care of that. ;D

If you don't want to get that frisky, and I really recommend that you don't, divide it and let them send their "expert" to make the choice, then charge them storage until it is removed.

Sorry about the divorce.  Been there, done that, and it ain't never fun. :-\
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Offline ely

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Re: Divorce and inventory--help
« Reply #4 on: July 03, 2008, 02:13:59 PM »
sounds like its gonna be a tough row to hoe. i am not certain about the lumber prices but i would think a good lawyer could help you out alot. good lawyer.............now that has to be an oxy-moron.

and whatever you say, don't try and tell us you don't have the money for a good lawyer.........after all you have 40k worth of lumber laying around. ::)

Offline Radar67

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Re: Divorce and inventory--help
« Reply #5 on: July 03, 2008, 02:19:49 PM »
I was thinking pretty much on the same line as DANG, give her half of the lumber and let her sell it.
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Offline Gary_C

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Re: Divorce and inventory--help
« Reply #6 on: July 03, 2008, 02:25:31 PM »
Like or not, you first need a GOOD lawyer and there are some out there. Second is to let your lawyer handle this.

And finally recognize that you will not get everything you want.
Never take life seriously. Nobody gets out alive anyway.

Offline flip

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Re: Divorce and inventory--help
« Reply #7 on: July 03, 2008, 02:51:31 PM »
Pay a certified grader to come in and grade it.  You then can turn around and use the latest Hardwood Market Report or what ever publication applies to your market area.  If they push the issue, you have a few options.  Buy her half of the lumber for what wholesale is, sell all of the lumber and split what you get (remind her that it will probably be a lot less that what they think it is (this is where it helps to have buddies ;) ).  Put it on her "side" of the paper and use their estimate, put $40,000 worth of marital property on your side ;D.  Either way you are going to be out something, how much and how you play it has a lot to do with you.  Good luck, like DanG, been there done that, not much fun hope all turns out as positive for you as it can. 
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Offline Ron Wenrich

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Re: Divorce and inventory--help
« Reply #8 on: July 03, 2008, 03:18:13 PM »
I would sure like to know what the "dude's" credentials are.  He's estimating $20/bf and I don't know of any walnut or cherry that sells for that price.  My guess is that he is estimating the value of your business or hobby, not just the lumber.

Flitch sawn lumber is kind of hard to grade.  It doesn't come up to NHLA specs.  I would challenge it with an independent estimate of the value of the lumber and the equipment. An equipment salesman would be one source for any equipment.  Any lumberman or sawmill that deals in rough cut lumber would be a source for a lumber estimate.

I've seen a couple of sawmills go up for auction because of a divorce.  In most cases, they weren't advertised much so that the proceeds would be quite small. 
Never under estimate the power of stupid people in large groups.

Offline crtreedude

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Re: Divorce and inventory--help
« Reply #9 on: July 03, 2008, 04:14:48 PM »
20 dollars a BF! and here I thought tropical hardwoods were expensive!
So, how did I end up here anyway?

Offline Ironwood

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Re: Divorce and inventory--help
« Reply #10 on: July 03, 2008, 04:55:20 PM »
I saw a good bit of flitches. Where are you?

 Ironwood


 
There is no scarcity of opportunity to make a living at what you love to do, there is only scarcity of resolve to make it happen.- Wayne Dyer

Offline John Bartley

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Re: Divorce and inventory--help
« Reply #11 on: July 03, 2008, 06:09:09 PM »
Tell her if she thinks it's worth $40,000, then she can take it all and pay you half in cash.....
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Offline DR_Buck

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Re: Divorce and inventory--help
« Reply #12 on: July 03, 2008, 10:25:15 PM »
Can't help other than to say that if they think it is worth $40,000 then you should be more than willing to let them have that as part of the marital property while you take other things.Good Luck.



Yea...... What he said. !   Let her take it all and try and sell it.
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Offline Tom

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Re: Divorce and inventory--help
« Reply #13 on: July 03, 2008, 10:34:38 PM »
All that stuff is just "Things".  Sometimes it's better to just back out and let them have it, if Freedom is the trade.  "Things" can be reacquired.  "Strings" make puppets.
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Offline Woodwalker

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Re: Divorce and inventory--help
« Reply #14 on: July 03, 2008, 10:56:26 PM »
In the been there done that department, it was my experience that whats hers is hers and whats yours is half hers. Get a lawyer, pay both of em off with that high dollar lumber.
Just cause your head's pointed, don't mean you are sharp.

Offline LOGDOG

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Re: Divorce and inventory--help
« Reply #15 on: July 04, 2008, 09:59:32 AM »
Bhub ...

   Sorry to hear about the divorce. Been there myself and I know the toll it can take on your mind. If I were in your situation I belive I'd have a Certified National Hardwood Lumber Association lumber grader come in and grade the lumber. He'll have the eye for stain, pin knots, etc that actually de-value the lumber. Sure it may be pretty but the commercial value of the lumber may be marginal at best. Then once you have his grade tally and scale get a copy of the Hardwood Market Report or three seperate quotes from reputable lumber brokers who are well known to help you establish a range of market value. Personally I'd have the grader stamp or mark his grade on the wood. Be forwarned, there's a lot of handling in a short period of time that goes with moving lumber out from under a good grader. They can really fly. May need to have a couple of your friends over to help.

Hope it works out for you.

LOGDOG

Offline smoothED

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Re: Divorce and inventory--help
« Reply #16 on: July 05, 2008, 05:19:25 PM »
Maybe that dude got his figures from home depot. :D I went there to get some 1/4 round to finish a project......67cents a foot for pine! 3/4" x 6" red oak was $7.54 a foot! I made my own  ;D

Offline ellmoe

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Re: Divorce and inventory--help
« Reply #17 on: July 06, 2008, 09:16:04 AM »
   I faced a similar situation. Without going into details, offer the 50/50 split or to sell them your half at a substantial discount. Then they can set the value. She should be happy to buy it at 50% off ($10/bf). ;D

Mark
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Offline dancan

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Re: Divorce and inventory--help
« Reply #18 on: July 06, 2008, 09:24:00 AM »
I know some fellows that would run it all through a chipper and then give her half  ;D .
Wipe the slate clean and start again .

Offline rbhunter

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Re: Divorce and inventory--help
« Reply #19 on: July 07, 2008, 08:39:40 AM »
I think this is where one should be able to say you value it and I will tell you if it goes in my half or your half depending on the price. If too high it goes to her half and if too low I would keep it.
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"Said the sparrow to the robin, Friend I think it must be, they have no heavenly father, such as cares for you and me."
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