Divorce

J Patrick Draine draine@mediaone.net
Sun, 31 Jan 1999 14:36:25 -0500


My brother went through the mill on this one. Things were very polarized
between him & his wife. Her side came up with some incredibly high
evaluation for his business.
His best response was to get one of the most eminent local technicians
(instructor at a prominent piano tech school etc.) to give his evaluation
and testimony as to the value of the business.
Her side looked at a recent year with several Steinway rebuilds and tuning
work which had the gross near $100K; the net was far lower (refinishing &
soundboard work had been subcontracted out), but her lawyers didn't see it
that way.
My brother still has his business, but he did go through personal
bancruptcy a couple years after the settlement & child support used all his
resources.
So get the most prominent local opinion to do the evaluation, but more
importantly, have a good lawyer who knows the local law & practice.

Best wishes ... things WILL get better eventually ..
Patrick





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