623-748-4890
Lincoln & Wenk, PLLC
View Blog Navigation

About that time when Beanie Babies were crucial assets

In our source article, the Huffington Post found an amazing picture of a couple that was dividing up their assets in a divorce courtroom. That may not sound out of the ordinary to you, but in this case, they were literally splitting up their assets between them in the courtroom. And those assets were Beanie Babies. The 1990s were some crazy time, weren't they?

You could write numerous posts on the phenomenon that was Beanie Babies back in the 90s, and how their intrinsic financial value inflated to unnatural levels back then. Thus, when this couple divorced in 1999, the Beanie Babies had significant value. So significant, in fact, that they needed a judge to help them equitably divide these assets.

This brings up the topic of property division during divorce, and there are a couple of things to learn from this story. The first is that since Arizona is a community property state, the type of property division disagreement in this story doesn't usually happen here. Community property can get a little complicated, but if you and your spouse are well represented, you can get through it with your sanity intact.

The other lesson is that even if you have a property or asset dispute with your spouse, it may not necessarily be worth the trouble. Think about this case: Beanie babies don't have much value anymore, and yet here these two people are arguing over stuffed dolls on the floor of a courtroom -- and paying for it to boot.

Source: Huffington Post, "That Time A Divorced Couple Went To Court To Split Their Beanie Babies," Brittany Wong, Feb. 6, 2015

No Comments

Leave a comment
Comment Information
Email Us For A Response

Need legal help from an attorney?
Contact us now to schedule a consultation with our lawyers

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Goodyear Office:
1616 North Litchfield Road
Suite 140
Goodyear, AZ 85395

Phone: 623-748-4890
Fax: 623-536-1984
Goodyear Law Office Map

Peoria Office:
16165 N. 83rd Avenue
Suite 200
Peoria, AZ 85381

Phone: 623-748-4890
Fax: 623-536-1984
Map & Directions

Phoenix - Desert Ridge Office:
20860 N. Tatum Blvd
Suite 300
Phoenix, AZ 85050

Phone: 623-748-4890
Fax: 623-536-1984
Map & Directions