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Jewish World Review Oct. 15, 1999 /5 Mar-Cheshvan, 5760

Bruce Williams

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Property lien prevents trade -- DEAR BRUCE: My husband and I acquired 40 acres of undeveloped land for $2,000. Recently, we were offered $240,000. My husband refused to sell, wanting to develop it himself even though the powers-that-be say that no water or sewer additions can be made. We subsequently have divorced, and I hold a $76,000 lien on this property. He refuses to pay. He now wants to trade this property for a parcel in Montana, to avoid certain tax payments. How can I realize the payment of the lien if he succeeds in exchanging the property? -- A.C., Sunnyside, Wash.

DEAR A.C.: I don't see how he could possibly effectuate a trade if a lien is in place. Who is going to accept that property in return for the other? If he wants to make this trade, you can certainly block him by maintaining a proper lien. No one in their right mind would touch that property until the lien had been satisfied. This should force him to pay you.

DEAR BRUCE: I believe that I am being discriminated against by an automobile manufacturer. I wrote them a letter stating that if I remained living in California, I would be driving 18,000 miles a year, and therefore the 36,000-mile warranty would have been reached in a two years. Instead, I retired to Las Vegas, where I only drive, at the most, 9,000 miles a year, which would take us to four years. Because the three-year period has passed, they refuse to honor the warranty. -- L.W., Las Vegas, Nev.

DEAR L.W.: The warranty clearly says, 36 months OR 36,000 miles, whichever arrives first. It would appear from the information you give that your problems began after either 36,000 miles or three years. At this point, the warranty is no longer in force, which is very clearly stated and very easy to understand.

DEAR BRUCE: I would like to leave my great-grandchild a sum of money in some type of investment. I would like for the parents not to be able to touch it, and for the child not to receive the money until an age that I view proper, probably somewhere around 20 years old. How should I go about this? -- E.M., via e-mail

DEAR E.M.: You would be best advised to see an attorney who specializes in trust matters. There are a number of different revocable and irrevocable trusts that can be set up to accomplish what you wish.

Send your questions to JWR contributor Bruce Williams by clicking here. (Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.) Interested in buying or selling a house? Let Bruce Williams' "House Smart" be your guide. (Sales of the book help fund JWR).


10/13/99: Clear up debt, only then tie the knot
10/11/99: If it ain't broke...
10/04/99: Should I stick with the company IRA?
10/04/99: Get a financial education!
10/01/99: Insurance: Not much one person can do
09/30/99: Lost tickets are lost cash
09/29/99: Trusting only one financial planner
09/27/99: Adult children should help out
09/24/99: Tips for first-time home buyers
09/21/99: Use the rule of 72s!
09/17/99: Legal strategy can be a pain
09/15/99: Teen drivers drive up insurance
09/13/99: Always use an attorney!
09/10/99: Whose taxes are they, anyway?
09/08/99: How do I roll over my 401(k)?
09/03/99: How can I work out my IRS payments?
09/01/99: When your company can't pay you
08/30/99: Beware of shady viatical investments
08/26/99: Landlords vary on security deposits
08/25/99: Educational IRAs must be spent on education
08/23/99: Finding out the value of old stocks
08/20/99: How to get an FHA refund
08/19/99: 100 percent financing is a scam
08/16/99: Will I have to pay a capital gains tax?
08/16/99: Thinking about PMI
08/13/99: Short-term mutual funds a-OK
08/11/99: It's your job to shop around
08/10/99: Sometimes, roots need to be uprooted
08/09/99: 'Pre-approved' doesn't mean a thing
08/06/99: Only you can determine your investments
08/04/99: Bank IRA the lowest-risk option
08/03/99: Reverse mortgages good for the elderly
08/02/99: Get the survey BEFORE you buy the house!
07/28/99: Get a lawyer -- it's worth it!
07/27/99: If it ain't broke...

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