Showing posts with label credit cards. Show all posts
Showing posts with label credit cards. Show all posts
Friday, May 1, 2015
Thursday, September 8, 2011
It's Turdsday. Shit I've Learned about Divorce #4: Money, Taxes, Joint Accounts, Credit Cards and Other Horrors
Taxes:
When my marriage broke up, I had all the financial trappings of a big fat life: a CPA who prepared my taxes,a financial advisor, a team of divorce lawyers. Imagine my surprise when the end of 2008 rolled around and I filed my first individual tax return in thirty years. Not one of those professionals had any inkling of how naive I was. I had no idea of how naive I was--cuz that's what naive is. You don't know what you don't know.
You were supposed to being paying quarterly taxes all year, the CPA said.
Yes, alimony is taxable at the full rate, the divorce attorneys said.
You need to come up with how much money?!?! the financial planner said.
I don't have any control over the tax code, someone else said.
Holy shit, I said.
Paying my income tax and the penalties I accrued from failing to pay estimated quarterly tax wiped out every cent I had saved from my rather fat alimony that first year on my own.
I've recovered from the tax debacle of 2008. But I managed to get myself into the penalty box again in 2009 when I goofed up my quarterly payments to the State of California. Here on the left coast of the country, a quarterly payment is not really a quarter. You pay nothing in the third quarter. That's because you were supposed to pay 40% in the second quarter. And, just by the way, the first and fourth quarter, you pay 30%. Um. For all I know it's that way in every state in the union. But I didn't know what I needed to know when I should have known it.
Joint Accounts:
I didn't know what to do with the joint checking accounts. After my alimony began, I quit using them. But it seemed weird to take my name off them. Someone else's name was still on them, and the accounts were being used by him. Maybe there was some strategic smart attorney something I didn't know, and I should leave things alone.Hmmm, the banker said. He could overdraw this account and you could be liable. That didn't happen. Thank god. But it could have.
Credit Cards:
When you get a credit card with someone, you might be just a simple little authorized user. It's a pain, because if you call the credit card company for any reason, you're just a big fat nothing. I'm sorry, they'll tell you. We have to speak to the owner of the account. But I'm his wife, you'll say. Who? Oh, that doesn't matter, they'll say. But if you get divorced, there's still a lot of fancy dancing to get yourself off the account. And what goes on with that account can affect your credit rating.
If you're not just an authorized user,you're probably a co-owner of the account. You can't get your name taken off. Period. We don't recognize divorce, the credit card company will say. They'll go on to say that the agreement you entered into with the credit card company supersedes divorce. You are liable even if you shredded the card long ago. Now you have to pay your divorce lawyers to help you settle this one.
Other Horrors:
Health insurance is at the top of my list of "other horrors." I won't even go into it. But think about your situation. Your health and how you insure it, and how all of that will change when you are divorced.
I wish you the best of luck.
Just telling you some shit you might want to know.
My divorce advice disclaimer: I am not an attorney, a paralegal, or a legal secretary. Nor do I possess any legal education or credentials of any kind other than having been married to an attorney for three decades and immediately thereafter involved in divorcing him for the next four years. My advice is based solely on my own experience and falls under the broader life heading of Damn It, If Only I'd Known Then What I Know Now.
Monday, October 18, 2010
Another Autograph
Downtown again, papers in hand for Mr. Ex to sign. His secretary riding a lunch rush elevator between me in the lobby and Mr. Ex ensconced above us in one of his two offices in a shiny downtown high rise. I had three forms for him to sign. Two versions of a form designed to release me from responsibility for a joint credit card account I haven't used since my alimony began, and a form from an investment account that has been designated as my sole and separate property by an Interim Division of Joint Assets signed, sealed, and delivered by the L.A. Court. It should have been simple. It wasn't.
Mr. Ex had already signed off on the Interim Division of Joint Assets which awarded a few things to him and a few to me with more yet to be divided if he's ever cooperative enough to do so. The investment firm had already received the official court documents, but they had a little form of their own for Mr. Ex. to sign. "Where are the forms for the things that I get?" Mr. Ex reportedly asked. "I'm not signing her form until she signs forms saying that I get my things."
Um. No forms seem to be necessary for you to get your things.
Poor secretary.
I called my attorney and left a message suggesting we look into a contempt of court filing. I called my financial guy.
About an hour later, thanks to the financial guy, things were sorted out--at least for the investment company's form.
As for the credit card account, Mr. Ex won't divulge his "gross household income"--a necessary number before the credit card company agrees to let him be solely responsible for the account. But I'm not giving up. I'll figure out a way.
Meanwhile, it cost me 13.50 to park. If I asked him to reimburse me, do you think he would?
Mr. Ex had already signed off on the Interim Division of Joint Assets which awarded a few things to him and a few to me with more yet to be divided if he's ever cooperative enough to do so. The investment firm had already received the official court documents, but they had a little form of their own for Mr. Ex. to sign. "Where are the forms for the things that I get?" Mr. Ex reportedly asked. "I'm not signing her form until she signs forms saying that I get my things."
Um. No forms seem to be necessary for you to get your things.
Poor secretary.
I called my attorney and left a message suggesting we look into a contempt of court filing. I called my financial guy.
About an hour later, thanks to the financial guy, things were sorted out--at least for the investment company's form.
As for the credit card account, Mr. Ex won't divulge his "gross household income"--a necessary number before the credit card company agrees to let him be solely responsible for the account. But I'm not giving up. I'll figure out a way.
Meanwhile, it cost me 13.50 to park. If I asked him to reimburse me, do you think he would?
Monday, July 26, 2010
Credit Card Company Caper Continues
"Does that mean my ex-husband shouldn't have remarried?" I ask.
Pause.
"As far as we're concerned, the agreement you entered into with the credit card company when you opened this account supersedes marital status."
Oh.
The above conversation ensued after I learned I could not take my name off of one of the joint credit card accounts I still hold with Mr. Ex. I can't take my name off of it, because due to certain "credit rating issues" Mr. Ex isn't eligible to have the account in his name only.
Oh.
He needs to be hooked up with me and my alimony which I get from him in order to qualify for a credit card?
Really?
photo: the digeratilife.com
Thursday, June 17, 2010
This Is What I Have Written Today--So Far
Here is how the salient portion of the form I took to Mr. Ex yesterday looked. The spacing or lack thereof is an accurate representation.
I wish to accept sole responsibility for the above-mentioned account and all balances. If the approved the account will be in my name only.
Cardmember Signature:__________________________Date:______________
I am a liable party on the above account and agree that the account may become the sole responsibility of the above party. If approved, my name wil be removed from the account. (All current liable parties must sign.)
Joint Cardmember Signature:_____________________Date:______________
Joint Cardmember Signature:_____________________Date:______________
Here is the letter I wrote today.
June 17, 2010
Chase Cardmember Services
Post office Box 15298
Wilmington, Delaware 19850-5298
Dear Chase,
I am writing to you regarding the United Mileage Plus credit card account (XXXXXXXXXXXXXXXXXX) that I “share” with my ex-husband Mr. Ex. Mr. Ex left me in July of 2007 and is now remarried. Although I have not used the United Mileage Pus Visa credit card since I began receiving alimony in October of 2008, it has recently come to my attention that my name is still on the account. I wish to have my name removed from the account immediately.
I have acquired what seems to be the proper form for removing my name from the account, and my ex-husband and I have done our best to fill it out. We found the form unintelligible and were not certain where to sign. After speaking to customer service agent Rebecca Rundle who received further advice from supervisor Ryan Willis, I am following their instructions and sending you the form with this letter of explanation. It would be a huge emotional hardship for me to meet with my husband again to sign a new form, and I ask that you accept the form in its current state while honoring the intent of this letter.
If you have any questions, please do not hesitate to contact me at either of these numbers:
XXXXXXXXXX
XXXXXXXXXX
Once again, in an attempt to clarify the very muddled form, my intent is to have my name removed from the above-mentioned credit card account immediately and for Mr. Ex to accept sole responsibility for it and its current balance. I trust that you will send me a letter confirming the new status.
I am enclosing my final decree of divorce and a suggested revision to your form that other credit card customers may find useful. Feel free to employ my suggestions.
Thank you very much.
Sincerely,
Ex-in-the-City
REQUEST TO ACCEPT SOLE RESPONSIBILITY FOR THIS ACCOUNT
Part I: To be completed by the person accepting sole responsibility for the account
Account #: _________________________________________________
Name:_______________________________________________________
Residential Street Address: (cannot be a post office box)_________________________________________
_____________________________________________________________________________________________________
Mailing Address: _____________________________________________________________________________________
Date of Birth: (month, day, year) _________________________
Social Security #: ___________________________________________
Mother’s Maiden Name: ___________________________________
Gross Annual Household Income: _________________________
Monthly Rent: _________________________ Or Monthly Mortgage: ________________________________
Employer: ______________________________________________Business Phone:__________________________
I agree to accept sole responsibility for the above account and all balances.
Signature: ____________________________________________________________Date: ________________________
Part II: To be completed by the person being removed from the account
I agree that my name will be removed from the above account and that I no longer bear any responsibility for the account or its balances.
Signature: __________________________________________________________Date:_________________________
Name: (printed legibly) __________________________________________________________________________
Social Security #: _________________________________________
Phone Number: ___________________________________________
Tuesday, June 15, 2010
In Which I Go Downtown To Get Mr. Ex to Sign a Form from the Credit Card Co.
I didn't really want to go. So I took consolation where I could find it. The breeze on the platform while I stood waiting for the train. The smell of aftershave from the man standing next to me.
But all the signs are spelling out "Danger." The eastbound side of the tracks is cordoned off with yellow caution tape and there's a handwritten explanation that both eastbound and westbound trains will leave from the same platform. People are confused. A lone man stands on the closed platform looking bewildered at the crowd of us across from him.
"Dude, you know that side is closed," someone shouts. He jumps down into the gravel that lines the tracks and dashes across. Two women duck under the caution tape just as the guy hoists himself onto our side, and now they are wondering why they're alone on the empty platform.
"Closed," another commuter yells across to them, motioning for them to walk around to our side. They step to the edge instead and peer down at the tracks. The train although still out of sight has sounded its whistle. The crossing arms are coming down.
"Don't cross now," I say aloud to no one.
I'm not nervous about going downtown to see Mr. Ex. Not overtly worried, but my brain is humming with what if this, what if that. I'm wearing cheap shoes, and it occurs to me that he may look at my feet and laugh. It's not that I feel pressure in my chest, but I am aware of my heart and lungs. "Lungs are the seat of grief," a friend told me last week, and I wonder about this for a moment. The train pulls to a stop in front of me and I get on and take a seat. Just before the doors slide closed, the two women slip safely inside.
When I get to Mr. Ex's building, I find that I need collecting, so I duck into the chic little bistro that shares a patio with his high rise. The bar looks like a welcome mat, but I head to the ladies room instead and wash my hands and pat my face with the damp paper towel. Freshly composed, I enter the lobby and take a seat on the couch directly across from the silvery sign that announces that reception for Mr. Ex's law firm is on the 10th floor. His name gleaming. What used to be my name.
On the train I studied the form from the credit card company, and now I look at it again and put a check mark wherever there is information that he must fill in. His current income. The amount of his mortgage. I pencil the check mark a little darker next to the line where he must sign. His signature is the most important part. The part that enforces that he will be solely liable for the account that I have not used since October of 2008. My attorney has told me not to worry that my name is still on three different credit card accounts that Mr. Ex continues to use. The credit card companies have told me I should worry.
So a few weeks ago, I emailed Mr. Ex explaining I would like my name removed from these accounts. I sent him a certified return receipt letter asking him to fill out the form that credit card company #1 would be sending him. Then last week I followed up with another email and a text message. Nothing. So today I went downtown with a copy of the form that the credit card company sent to me.
I didn't have an exact plan when I got on the train. Something, something. Signature. Would I go up to his office? Call him on his private line?
As I settle into the gray velour of the sofa, I decide to call the main firm number and ask for his secretary. Mr. Ex has had the same secretary for eons. "If I die," I used to say to him, "marry P. Really. I want you to." Over the years, I've picked out presents for P.--Cashmere. Jewelry. A creamy white Italian leather handbag. When she answers the phone and I identify myself, it's as if we haven't been out of touch at all. She's just had four days off, she tells me, and she spent the time taking care of her grandson. She managed to cook a chicken and a roast while entertaining him. He sat nicely in his highchair while she peeled carrots. I tell her what I want and she puts me on hold--then gets back on the line and says she'll be right down to get the form.
When P. appears in the lobby, she's bearing a 5x7 professionally done photograph of her grandson. It's safely sealed in a ziplock bag. I find myself wishing I'd made several copies of my precious form and put them into individual plastic sleeves. I take the photograph from her and admire the boy, then hand over the form. She'll be back, she says.
When she returns, the form is completely filled out--even the parts I could have done myself. "Wow," I say. "Thanks." The bright blue ink in my ex-husband's hand bedazzles me. The elevator doors have already closed when I realize Mr. Ex has signed on the wrong line. I call P. again and explain. She puts me on hold and then returns to the phone with an explanation. "He thought you wanted control of the credit card," she says.
"No," I say. "It's a card I no longer use. He uses it. I want my name off of it." I flip my phone closed and wait. A few minutes later P. returns with a photocopy of the form signed in the right place. Mr. Ex's signature remains on the wrong line, too, but I tuck the form into my purse anyway.
At Union Station where I must change trains, I go into the bar and have a gin and tonic and study the form again. On the signature line where I penciled the check mark it says, I am a liable party on the above account and agree that the account may become the sole responsibility of the above party. Gibberish, I think. The next line (no new paragraph) says If approved, my name will be removed from the account. Below are two more signature lines with the parenthetical instruction, (All current liable parties must sign.)
When I get home, I call the credit card company and ask what the current balance is. $15,140.50, they tell me. Then I tell them their form is crap and that they ought to hire me to rewrite it. I tell them I want my name off the account and that I'm worried I'll end up being liable for Mr. Ex's charges and that even if he's signed in the wrong place, I'm not going to go back to him with a new form to sign.
Just send us the form with a letter of explanation, they say.
Train wreck, I'm thinking.
Monday, May 10, 2010
Ghosts
"Oh, Heaven, it is mysterious, it is awful to consider that we not only carry a future Ghost within us; but are, in very deed, Ghosts! ~Thomas Carlyle."
Someone left the above quote as a comment on my prior blog post about the play, Bengal Tiger at the Bagdad Zoo.
It says a lot about how I feel about Mr. Ex and what it's like to carry the fallout of a 32-year relationship around with me. He's gone. As good as dead, really. Except he keeps zombie-ing through my life slamming doors and rattling the tea-cups.
I spent a couple of hours today working on the most recent bit of creepiness. Mr. Ex and I, almost 3 years since we split, are still the co-owners of at least 3 credit card accounts. I used those credit cards for everything from bread and booze to a brand new caramel colored leather sofa in the first 15 months after he left. I had no income of my own, and he was doing some really impressive foot-dragging over the alimony. I didn't go crazy--though with our credit limit I suppose I could have charged a beach house in Belize. But I didn't. When the alimony started, I opened my own checking account, applied for my own credit card, and threw my former plastic lifelines in the red heart-shaped leather box where I also store my postage stamps. He'll take my name off those accounts, pronto, I thought.
He didn't.
So, legally, I am still liable for the impressive amount of debt he has been racking up and unable to pay off every month. That's a fucking hell of a lot of baby Polo and Christian What's His Name shoes for the little missus. I mean did her feet grow a couple of sizes after the baby or what?
Now he hasn't tried to stick me with said debt or anything. But I worry. What if he becomes a real ghost? What if he's been charging cameras, computers and cashmere with abandon while refusing to sign off on our financial settlement just so he can, with some talented flick of his lawyer wrist, makes me go halfsies on these joint accounts?
My calls to the credit card companies did not go especially well.
Company #1 requires a form which we both must sign. They insisted they must sent the form to the address of record--his address where it will languish in the towering stack of mail I no longer attend to. No, it couldn't be sent to my address, the woman said. Finally, I got her to fax it to my attorney.
Company # 2 requires that the account be closed and a new account in his name only be applied for. It would have been glorious to pull the plug right then and there, but daughter #2 is in Mexico with that card in her jeans pocket. I will cancel it on the way home from the airport after picking her up.
Company # 3 has a room full of overly suspicious customer service agents who toil at phones made from soup cans situated in a rock quarry in India. Trucks full of gravel rattle by incessantly, and I think the gentleman I spoke to didn't believe a word I said and told me he was sending someone to arrest me. Or a form to attest to what I do. Or a swan from the zoo.
So here I am. Still the joint owner of three slices of shiny plastic--with a ghost.
I could go charge stuff I suppose. Yards and yards of heavy chain that I will wind around his house while he sleeps. When he wakes, he'll have to charge a bolt-cutters, have it delivered through a window, and cut through the heavy links that hold him prisoner. There he'll be in new silk monogrammed pajamas dragging those heavy chains behind him, round and round as he unwinds his house.

It says a lot about how I feel about Mr. Ex and what it's like to carry the fallout of a 32-year relationship around with me. He's gone. As good as dead, really. Except he keeps zombie-ing through my life slamming doors and rattling the tea-cups.
I spent a couple of hours today working on the most recent bit of creepiness. Mr. Ex and I, almost 3 years since we split, are still the co-owners of at least 3 credit card accounts. I used those credit cards for everything from bread and booze to a brand new caramel colored leather sofa in the first 15 months after he left. I had no income of my own, and he was doing some really impressive foot-dragging over the alimony. I didn't go crazy--though with our credit limit I suppose I could have charged a beach house in Belize. But I didn't. When the alimony started, I opened my own checking account, applied for my own credit card, and threw my former plastic lifelines in the red heart-shaped leather box where I also store my postage stamps. He'll take my name off those accounts, pronto, I thought.
He didn't.
So, legally, I am still liable for the impressive amount of debt he has been racking up and unable to pay off every month. That's a fucking hell of a lot of baby Polo and Christian What's His Name shoes for the little missus. I mean did her feet grow a couple of sizes after the baby or what?
Now he hasn't tried to stick me with said debt or anything. But I worry. What if he becomes a real ghost? What if he's been charging cameras, computers and cashmere with abandon while refusing to sign off on our financial settlement just so he can, with some talented flick of his lawyer wrist, makes me go halfsies on these joint accounts?
My calls to the credit card companies did not go especially well.
Company #1 requires a form which we both must sign. They insisted they must sent the form to the address of record--his address where it will languish in the towering stack of mail I no longer attend to. No, it couldn't be sent to my address, the woman said. Finally, I got her to fax it to my attorney.
Company # 2 requires that the account be closed and a new account in his name only be applied for. It would have been glorious to pull the plug right then and there, but daughter #2 is in Mexico with that card in her jeans pocket. I will cancel it on the way home from the airport after picking her up.
Company # 3 has a room full of overly suspicious customer service agents who toil at phones made from soup cans situated in a rock quarry in India. Trucks full of gravel rattle by incessantly, and I think the gentleman I spoke to didn't believe a word I said and told me he was sending someone to arrest me. Or a form to attest to what I do. Or a swan from the zoo.
So here I am. Still the joint owner of three slices of shiny plastic--with a ghost.
I could go charge stuff I suppose. Yards and yards of heavy chain that I will wind around his house while he sleeps. When he wakes, he'll have to charge a bolt-cutters, have it delivered through a window, and cut through the heavy links that hold him prisoner. There he'll be in new silk monogrammed pajamas dragging those heavy chains behind him, round and round as he unwinds his house.
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