WHAT’S IT WORTH?

The same question might be asked by a divorcing couple whose stock in Hostess Brands lost value during its recent financial difficulties. What can you do if your property, worth hundreds of thousands of dollars when you divorced, loses value before you are able to divide things up? The short answer is that there is not much that can be done. If it takes a trial to divide your property, it will be valued as of the date of the judge’s decision. Its pretrial or post-trial value does not matter. If you are trying to divide your property by a settlement agreement, you must stay informed about the value of the assets you are dividing so you get your fair share. If you don’t, you may wind up with the Twinkies.