WWYD--Divorce of Friends (1 Viewer)

[chet]

Friends of ours are pursuing a divorce. We aren't super close but my wife is closer to the woman getting a divorce.

The husband is an entrepreneur with holdings in ~20 private companies. Very succesful.

The wife is somewhat naive. The husband is trying to convince the wife to take his word on the valuations of the companies. My wife just found out that over the course of the marriage, the wife was never privy to any financial info and was given an allowance.

We found out through a friend who's a R/E lawyer and represented the seller that the husband paid cash for a $1.5mm house. Originally, he was going to title it in his name but within 2-weeks of the closing changed his mind and wanted it titled in his father's name.

WWYD?

 

[jomar]

sleep with the guys wife

 

[Foosball God]

Consul her to get a good lawyer.

 

[RUSF18]

WWYD?

Nothing.

 

[jomar]

on another note, how about the soon to be ex wife just get a lawyer

 

[hxperson]

I'd stay out of it, especially if you feel that you might have a chance at crossing paths with the husband on any business matters in the future.

That being said, if this were me and my wife felt compelled to tell her friend, I would not stop her. Not worth getting in the way of my own marriage, although I'd let her know what I thought of the risks.

 

[RUSF18]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

 

[VA703]

pics of the trophy wife

 

[Cjw_55106]

Geez, I hope I dont have friends like some of you folks. Of course you need to get her in touch with a lawyer.

 

[fantasycurse42]

WWYD?

Nothing.

Seriously.

How does this concern either of you? Ehat good could come from getting involved?

 

[chet]

Any risk to our lawyer friend? I'd imagine she could be disbarred if it ever came to light that she provided this info.

 

[chet]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

She has a lawyer. It's the same lawyer that another friend used when divorcing her husband. They had an amicable divorce though so I am not sure if he's the right guy.

 

[mquinnjr]

Make sure everything is split evenly.

 

[swirvenirvin]

butt out

 

[Bucky86]

1%er problems.

 

[dancingbones]

I can't imagine this going too far without both of them realizing they need legal representation.

 

[RUSF18]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

She has a lawyer. It's the same lawyer that another friend used when divorcing her husband. They had an amicable divorce though so I am not sure if he's the right guy.

Amicable or not, they surely went through the standard steps and no one who practices divorce law will just take the value of his assets at face value without a little digging. Your line about the husband trying to get the wife to accept it doesn't really matter.

 

[5-ish Finkle]

WWYD?

Silently judge them both as failures.

 

[Don Quixote]

Any risk to our lawyer friend? I'd imagine she could be disbarred if it ever came to light that she provided this info.

Lawyer just owes duty to her client. But I don't know if there's some kind of confidentiality agreement as part of the sale.

 

[dancingbones]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

She has a lawyer. It's the same lawyer that another friend used when divorcing her husband. They had an amicable divorce though so I am not sure if he's the right guy.

If she already has a lawyer, very doubtful that any lawyer would just take the other spouse's word on a business valuation. I would butt out, let the professionals do their job, & offer whatever 'friendly" support seems appropriate for you or your wife.

Separating friendships is but one of the many layers of the onion in taking apart a life that has been built together. None of it is any fun, but it all seems to work itself out in the end.

 

[bigbottom]

Any risk to our lawyer friend? I'd imagine she could be disbarred if it ever came to light that she provided this info.

I'm not a real estate lawyer, but aren't title holders public record? And I wouldn't think real estate purchase prices would be subject to attorney-client privilege given that they need to be recorded for tax purposes. But again, not my area.

 

[gianmarco]

I'd invite both of them over for dinner. Then I'd lay it all out. Explain that you know about what the lawyer told you about the sale of the house. Tell them that you know it was paid for in cash and how much. Tell them that you know about titling in the father's name. Finally, let them read this thread. You all need as much transparency in this as possible.

 

[Ned]

Why is there something to do here? Stay the hell out of it.

 

[RUSF18]

This would have made a lot more sense as a question of..."who do we go with? the rich guy or the hot ex?"

 

[Quez]

Won't any halfass lawyer get a forensic accounting team all up in their ish?

 

[Baloney Sandwich]

There but for the grace of God goes you...#### about it

 

[glumpy]

WWYD?

I would back away slowly. No--maybe not so slowly. chit I'd get the hell outta there. Not my affair.

 

[Harris]

I used to do forensic accounting work on high net worth divorces such as this. This reeks of a big fee divorce where the husband doesn't come out looking good.

eta: Also in Chicago.....although the attorneys usually hire forensic accountants, if you need the name of the partner at Plante Moran just let me know. I don't work there anymore but still keep in touch.

 

[Captain Quinoa]

Tell her not to make a move without Larry and Stan

 

[pats3in4]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

She has a lawyer. It's the same lawyer that another friend used when divorcing her husband. They had an amicable divorce though so I am not sure if he's the right guy.

The moment she tells her lawyer that her STBX has holdings in various companies, the lawyer will hire a forensic accountant to determine the valuations. This accountant will also follow the money trail and discover the house in his father's name.

Edit: Harris can probably shed more light on this

 

[MikeIke]

He needs to transfer ownership of the house to me, immediately. I'll give it back after the divorce is final, he can trust me.

 

[chet]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

She has a lawyer. It's the same lawyer that another friend used when divorcing her husband. They had an amicable divorce though so I am not sure if he's the right guy.

The moment she tells her lawyer that her STBX has holdings in various companies, the lawyer will hire a forensic accountant to determine the valuations. This accountant will also follow the money trail and discover the house in his father's name.

Edit: Harris can probably shed more light on this

Thx to both you and Harris. I'm not pushing to do anything but my wife's wondering if she should say anything to help her friend.

Hopefully her lawyer has the common sense to push for a forensic accountant--the family who used him before had sold their company for close to 9-figures so he runs in that circle.

 

[pats3in4]

I'll amend...if by "somewhat naive" you mean this woman doesn't even know she needs to get a lawyer, yes you should tell her that. But anything beyond that is asking for trouble.

She has a lawyer. It's the same lawyer that another friend used when divorcing her husband. They had an amicable divorce though so I am not sure if he's the right guy.

The moment she tells her lawyer that her STBX has holdings in various companies, the lawyer will hire a forensic accountant to determine the valuations. This accountant will also follow the money trail and discover the house in his father's name.

Edit: Harris can probably shed more light on this

Thx to both you and Harris. I'm not pushing to do anything but my wife's wondering if she should say anything to help her friend.

Hopefully her lawyer has the common sense to push for a forensic accountant--the family who used him before had sold their company for close to 9-figures so he runs in that circle.

Forensic accountants are SOP for any divorce lawyer who has even the mildest concern that finances are not being disclosed fully, no matter the sum. Her lawyer will not hesitate to get one moving on her case.

 

[jb1020]

I've seen this movie.

 

[James Daulton]

So now we're giving advice to woman, who's husbands made all the loot, so they can get their 50%?

What part did she play in his success btw?

 

[chet]

So now we're giving advice to woman, who's husbands made all the loot, so they can get their 50%?

What part did she play in his success btw?

ooof

Just a guess that you will never have the above problem.

 

[TLEF316]

Did she marry him because he was wealthy? If so....shes on her own beyond a very basic "make sure you get a good lawyer"

I have no tolerance for gold diggers

 

[AAABatteries]

WWYD?

Silently judge them both as failures.

 

[urbanhack]

WWYD?

Nothing.

That's not fair to chet.

 

[jon_mx]

Give me her number, sounds like a gold mine.

 

[James Daulton]

So now we're giving advice to woman, who's husbands made all the loot, so they can get their 50%?

What part did she play in his success btw?

ooof

Just a guess that you will never have the above problem.

lol, oh the horror of not having the above problem. Whats' a guy to do?

 

[John Bender]

thoughts prayers and wishes through this difficult time chet. I know how hard it can be to have someone you know going through a divorce; I hope you pull through!

 

[EYLive]

Friends of ours are pursuing a divorce.

The husband is ... Very succesful.

Not in relationships, he ain't.

 

[Zow]

Let her lawyer handle it and stay the #### out of it.

 

[SWC]

just tell them this guy snotaction from the internet does not approve of them and that should keep them together bromigo

 

[Chemical X]

mind your own business

 

[Paulymaggs]

Give me her number, sounds like a gold mine.

I've got dibs / seconds after jon_mx.

 

[Dentist]

Give me her number, sounds like a gold mine.

I've got dibs / seconds after jon_mx.

sloppy 3rds please.

Successful dudes and successful marriages go hand in hand like oil and water it seems like

 

[Bucky86]

mind your own business

Only a peasant would do that. How else is he going to be able to remind us that he only hangs out with very successful people that own 20+ companies and are worth 9 figures.

 

[Zow]

Give me her number, sounds like a gold mine.

I've got dibs / seconds after jon_mx.

sloppy 3rds please.

Successful dudes and successful marriages go hand in hand like oil and water it seems like

"a man is only as monogamous as his options"