hiyapartner
Member
Has anyone had to do this. How did you go about it. I am a regular poster but would like to remain anonymous. Thank you
Value of horse for divorce?
- Thread starter hiyapartner
- Start date
Sooty
Well-Known Member
Do you mean the value as an asset as of now, or the predicted running costs for the future? I suppose the best way to value a horse is to study adverts for horses of a similar type and ability, then deduct 10 or 15%.
hiyapartner
Member
As an asset, need it to be low but can't put a silly amount down.
ihatework
Well-Known Member
I have never had to do it, but if I would try and play down the value of the horse as much as possible.
Emphasise past injury history
Emphasise behavioural issues / vices
Emphasis any lack of performance
Its amazing how you could portray a good horse in a poor light
Emphasise past injury history
Emphasise behavioural issues / vices
Emphasis any lack of performance
Its amazing how you could portray a good horse in a poor light
hiyapartner
Member
Very talented horse with no injuries and great comp. record but valuing and selling are different things. Still don't think I will get away with very low amount .
hiyapartner
Member
Have to go out soon but will check answers later, so if anyone has been through this, give me advice. I do appreciate it.
Sooty
Well-Known Member
You will in this financial climate! Just ask the horse rescue organisation - people are offloading horses all over the place, and I understand few are selling.
hiyapartner
Member
Yes it is not a good time to sort out these things , he will not be sold but everything has to be listed, house is now in negative equity even though we put down 25% 4 years ago.
jumpthemoon
Well-Known Member
[ QUOTE ]
Its amazing how you could portray a good horse in a poor light
[/ QUOTE ]
Ditto this. It's all in the wording. Is the horse in question one with proven competiton history or a more general riding horse?
ETS: You beat me to it. There must be something? No horse is perfect (much like people
) - can you give us any clues as to what we might pick on? Not a novice ride? Age? Conformation? There must be something?
Its amazing how you could portray a good horse in a poor light
[/ QUOTE ]
Ditto this. It's all in the wording. Is the horse in question one with proven competiton history or a more general riding horse?
ETS: You beat me to it. There must be something? No horse is perfect (much like people
hiyapartner
Member
Excellent comp. record and still young, had him since a foal.
Morrigan_Lady
Well-Known Member
My Mum had a similar problem when she got divorced last year. 'HE' was trying to get the money that the horse was worth, so I told Mum to sell the horse to me for £1 and Ill draw up a reciept, then problem solved! Horse was sold and out of the equation.
hiyapartner
Member
Can't do anything like that really as I also have a stake in my land and don't want to get rid of either and I don't want to put his back up. Also want to stay in my home, it is very complicated. If someone has done it with a low but fair price did you just do it yourself or did you have to get someone else to value for you.
alwaysbroke
Well-Known Member
Just an idea what about a valuation from a dealer? There are always ones advertised in H&H. I have heard that some of these, which advertise a way of geting rid of your horse quickly will not give more than £500 for anything. Might be helpful just for a cheap valuation not to actually sell to.
SilverSkye
Well-Known Member
Can you do a description of horse as if you were going to sell ( dead honest including as many behavioural problems and injuries ) and then we can try and price it?
Darkhorse007
Well-Known Member
... ditto re 'alwaysbroke'... would be my first point of call, too. they may ask for a fee though
Booboos
Well-Known Member
If the horse is insured either party could appeal to that amount as evidence of its value, which might or might not be helpful to you.
SillyMare
Well-Known Member
What about looking at the price similar types of horse are going through sale rings at the moment?
CracklinRosie
Well-Known Member
Some dealers aren't even taking anything just now as the climate is so bad, so in that case said horse is worth nothing!
Not much help I'm sorry.
Not much help I'm sorry.
OWLIE185
Well-Known Member
A bit like a house and land . The house and land gets valued by a chartered surveyor. The horse gets valued by a reputable horse dealer.
LynneB
Well-Known Member
I would just be honest and look at him as he is in the current market. I would not put down injuries, illness, how awful he is etc just to get a lower valuation for the only reason that if things really do get messy, your other half may send your documentation on him to your insurance company
Toby_Zaphod
Well-Known Member
If you have your horse valued in an insurance policy you could use that as evidence of value? Otherwise you could get a dealer in to view & value the horse. Dealers are not emotionally involved & will value the horse as they see it, without any attachment.
Oh & sorry that you are having to go through this...... always a pity when a relationship breaks down.
Oh & sorry that you are having to go through this...... always a pity when a relationship breaks down.
siennamum
Well-Known Member
Can you get a dealer friend to provide a written quotation for him. I had this offer from a lovely dealer friend - as yet haven't had the issue but would work a treat if neccessary I think.
daisycrazy
Well-Known Member
It is worth emphasising the point that any horse could be worth nothing tomorrow if it damages itself. It should not be treated as an asset in the same way as a house or car. In reality it is only worth what you would recover from your insurer for loss of use, unless you intend to sell before settlement, in which case the value will be the sold price (unless it has clearly been undersold).
MrsMozartletoe
Just passing through...
As an example, insurance companies take valuations from: registered farriers, breeders and trainers. Got a friendly one amonst those?
deeky24
Member
I think your problem will be that the valuation must be INDEPENDANT. So if your OH (or their solicitor) don't like the figure you get then they'll get their own valuer out. I doubt I'm making you feel much better. But you'll survive, honest you will.
Darkhorse
Well-Known Member
Its really difficult. When my freind was gettimg divorced her horses got dragged into it and her husband was trying to force their sale.
It went against him as I bought the horses off her for £1 each and kept them for her whilst it was sorted out.
It was all done legit and receipts were exchanged. When it was all over she bought them back and there was nothing that her ex hubbie could do.
It went against him as I bought the horses off her for £1 each and kept them for her whilst it was sorted out.
It was all done legit and receipts were exchanged. When it was all over she bought them back and there was nothing that her ex hubbie could do.
Rambo
Well-Known Member
I'd view the horse as a pet....you wouldn't put a value on your dog or cat after all
Darkly_Dreaming_Dex
Well-Known Member
Sorry guys but i speak from BITTER EXPERIENCE
ANY PET CAN BE REGARDED AS AN ASSET BY THE COURTS
If you have a pedigree cat/dog that could be shown/bred from then the courts will consider it a potential source of income.
DO NOT SELL ANY ASSETS FOR £1 whether its your car or horse as it will get you in trouble and when the final figure is agreed by the court it will count against you.
As others have said, get a low valuation form an independant dealer/BHS instructor- anyone whose qualification to give a valuation cannot be challenged.
I fought for a year to keep my 2 boys from being sold and the proceeds divided , in the end i had to hand over my warmblood (purchased with the money from my premarriage horses PTS insurance payout) to keep my beloved cob who my mum bought for me as a foal for my 21st birthday (had all the paperwork to prove this and all receipts for feed/farrier etc to prove but the court wasnt interested) and my trailer and lorry were sold along with my 4x4 despite proof that my money had bought them
If your ex is as evil and manipulative as mine then it is very easy for them to use the courts against you- get a good barrister and keep fighting.
I lost everything apart from my cob and even though he was divorcing me to be with my (ex) best friend, he couldnt let me go.
Much better now with new lovely OH
ANY PET CAN BE REGARDED AS AN ASSET BY THE COURTS
If you have a pedigree cat/dog that could be shown/bred from then the courts will consider it a potential source of income.
DO NOT SELL ANY ASSETS FOR £1 whether its your car or horse as it will get you in trouble and when the final figure is agreed by the court it will count against you.
As others have said, get a low valuation form an independant dealer/BHS instructor- anyone whose qualification to give a valuation cannot be challenged.
I fought for a year to keep my 2 boys from being sold and the proceeds divided , in the end i had to hand over my warmblood (purchased with the money from my premarriage horses PTS insurance payout) to keep my beloved cob who my mum bought for me as a foal for my 21st birthday (had all the paperwork to prove this and all receipts for feed/farrier etc to prove but the court wasnt interested) and my trailer and lorry were sold along with my 4x4 despite proof that my money had bought them
If your ex is as evil and manipulative as mine then it is very easy for them to use the courts against you- get a good barrister and keep fighting.
I lost everything apart from my cob and even though he was divorcing me to be with my (ex) best friend, he couldnt let me go.
Much better now with new lovely OH
fatpiggy
Well-Known Member
Surely you can charge what you like and say that a good home is more important than price. I bought my mare for £1200 from a person I'd known for years, although she was on the open market for £1800, but this person knew how much I wanted her, and how well she would be looked after with me.