I've mentioned before that a have a small accumulation of firearms. The value of these won't be exempted, so I will either have to dispose of them at a fair price and use the proceeds to pay valid expenses.
All along, I have thought of them as being "mine", then it occurred to me that this is probably a sexist attitude as well as possibly being erroneous, and that my wife has as much claim to them as I do.
So, if the total value of the firearms is $2,000, would I have a $1,000 non exempt interest in them, and my wife have a right to $1,000 of their value, or would the trustee just say that they are all mine, and I have $2,000 in non exempt property?
All along, I have thought of them as being "mine", then it occurred to me that this is probably a sexist attitude as well as possibly being erroneous, and that my wife has as much claim to them as I do.
So, if the total value of the firearms is $2,000, would I have a $1,000 non exempt interest in them, and my wife have a right to $1,000 of their value, or would the trustee just say that they are all mine, and I have $2,000 in non exempt property?
Comment