Determining shop’s value over time?

[MossRoad]

I know several couples that had messy divorces in each of their pasts. They had kids and assets from previous marriages, etc... that they wanted to protect. Their prenups basically said everything I come into the marriage with from the past is mine and will remain mine if the marriage ends. Anything from "I do" forward, we earn together, and will be treated as a joint asset, and thus divided as a joint asset if the marriage ends.

The OP's sticky situation though, doesn't really work with this agreement, because the proposed shop would be built by the boyfriend on her property. How's the guy gonna take that shop with him if the marriage ends?

I guess I'd come to a compromise and build the shop as an empty building, with both contributing to the cost of the building AND both contributing to the cost of the shop equipment, with the understanding that if the marriage ends, she gets the empty building, and he takes the shop equipment. You'd have to keep a running total of the costs of the building and equipment, the value, etc... and try to keep the values equal. If at the end of the marriage, the value of the shop equipment exceeds the value of the building, he'd have to pay up some cash for half the difference, and likewise, if the value of the building exceeds the value of the shop equipment, she'd have to pay up some cash for half the difference. That seems fair and equitable on the shop/equipment issue.

See the little workshop hanging by its ankle there?

 

[CobyRupert]

Don’t split the land.
It would go bye-bye if you split up with him. Lost.
Would be hard to replace, they don’t make new land anymore; compared to him being able to make another building.

 

[D2Cat]

Simplify the shop/building he thinks he needs. You get a loan to build the building on your land. He pays you rent to make the payment on your loan. You keep control of all of your property. Then when if falls apart it's simple to part ways. Always be prepared for the worse if there is no long term commitment between you.

He can rent out his house for a couple of years to see how this arrangement works, and have the option to move back if he chooses. You loose nothing but time.

 

[Sigarms]

Re: Determining shop痴 value over time?

Everyone seems to be missing the simple solution...

The guy loves the girl and wants to spend the rest of eternity with her.

Guy pays for the new shop (he's selling his house and land correct?) out of his own pocket. Guy is getting more capital in pocket quicker than the female because he's selling his place.

The two get divorced 10 years later? The guy only owes the woman the monatary value on the "shop" he built on HER property AND he probably doesn't have to pay her as it's already been paid for for time given.

You don't promise to spend the rest of your life with someone with a "get out of jail free" card handed to you no matter what way you cut it.

Long story short, it seems the female has more to lose than the male if they get married and live on the females property. The male needs to make amends to make the agreement right in the eyes of both parties.

 

[Slowpoke Slim]

I can't believe you haven't been banned for the way you talk to people.

Maybe one or two more trips behind the woodshed with your Paw might have taught you how to talk in public.

Shameful.

Reported.

 

[Sigarms]

I can't believe you haven't been banned for the way you talk to people.

Maybe one or two more trips behind the woodshed with your Paw might have taught you how to talk in public.

Shameful.

Reported.

Just for you slim...