Legal Question in Family Law in California

settlement

My ex owes me a very sizable equalization payment due without interest, over

the next 3.5 years. He wants to pay in full now but expects a discount. Under

terms of the settlement, he cannot borrow money without first paying me in

full and he wants to break ground on a huge building project soon. He can't

get financing until I'm paid. Should I take a discount and if yes what is a

reasonable percentage?


Asked on 1/31/06, 8:52 pm

2 Answers from Attorneys
Lyle Johnson Bedi and Johnson Attorneys at Law

Re: settlement

A reasonable discount would depend upon the amount of money involved and how the payments were to be made over the next 3.5 years. Contact your banker and ask what you can expect if you get the money now and invest it with the bank, or the amount that you would have to invest to have the same amount as he owes you in 3.5 years. This will give some idea how much of a discount is reasonable. You may wish to ask for a little in addition for accomodating him. You know how he would react to such demand and whether it would be advisable.

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Answered on 2/02/06, 2:00 am
H.M. Torrey The Law Offices of H.M. Torrey

Re: settlement

This VERY important decision should best be made only AFTER discussing ALL of the facts, and what percentage is being offered to you, once you consult with a negotiations attorney. If you would like our prompt legal assistance in this timely matter, contact us directly today for a free phone consultation. You have GREAT legal leverage as things stand, so do NOT act hastily nor without proper legal guidance here.

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Answered on 2/01/06, 3:47 am


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