Financial Aspects of Divorce Self-Quiz
|   Larry and 
        Brenda live in Washington, a community property state. Larry acquired 
        stock in his family’s business as follows: 25% before the marriage, 
        25% during the marriage, and 50% after he filed for divorce. In a property 
        distribution, how much would Brenda receive? 
      
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|   Larry and 
        Brenda live in Washington, a community property state. Larry inherited 
        stock in his family’s business as follows: 25% before the marriage 
        (from his deceased uncle), 25% during the marriage (from his deceased 
        aunt) and 50% after he filed for divorce (from his deceased grandfather). 
        In a property distribution, how much would Brenda receive? 
      
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|   Jack has
          $50,000  in a money market he has owned since before his marriage to
          Jill. Jill,  full of vengeance, wants the account to be part of their
          equitable distribution  settlement. What would be the result? 
      
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|   Dan worked
          for the telephone company. When he separated from his wife Fran, he
          had accumulated 72 of 78 points needed for his retirement benefits
          to vest. Fran petitioned for an equitable distribution of the non-vested
          benefits. How would the court rule?  
      
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|   Matt was an 
        attorney before he married his wife Cathy. During the marriage he gave 
        up his small law practice to become a senator. After two terms, Matt resigned 
        and returned to private practice, accepting a lucrative partnership with 
        the leading law firm in his home town. While they were married, Cathy 
        was a housewife. During the property distribution stage of his divorce 
        from Cathy, how would the court value his new position? 
      
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|   Chloe brings 
        a divorce action against her husband, Dustin, who is a successful plastic 
        surgeon. She caught him cheating on her with one of the nurses at the 
        hospital. She had aspirations of becoming a nurse; however, she gave up 
        that dream to work as a school teacher to help put him through medical 
        school. She seeks equitable distribution of both his professional license 
        and the value of his practice. Furthermore, she seeks additional alimony 
        based on his increased income from entering a lucrative private practice 
        group of doctors. What will the court grant? 
      
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|   Greg, once 
        married to Helen, gives her alimony of $4,000 per year for 10 years. Helen 
        passes away after only three years. Helen’s estate sues Greg for 
        the remainder of the alimony. What
        would be the result? 
      
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|   Rocco and
           Rosa are divorced. In their divorce decree, Rocco agreed to pay Rosa
          $150.00  per month of alimony for five years or until Rosa’s
          death, remarriage  or cohabitation. During the marriage Rocco was a
          bagger at the local grocery  store. He quickly quit his job after winning
          $12 million in the lottery.  What can Rosa do? 
      
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|   Barbara and 
        Herb enter into a divorce. Barbara, a psychologist by training, has not 
        practiced in five years. She seeks rehabilitative alimony for sufficient 
        time until she is able to resume practicing. To qualify again to see patients, 
        she would need two years of additional education and training. Herb contends 
        that this is unnecessary because she can easily get a minimum wage job 
        now. What would the court hold? 
      
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|   Sophia and 
        Edward are in the middle of a divorce. They want to make sure the divorce 
        decree is the most favorable for both parties. Which payment type would 
        be the most attractive for Sophia? 
      
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|   Lynette and 
        Jim are in the process of getting divorced. They are confused about the 
        process. Specifically, Jim wants to know which item would be considered 
        deductible. 
      
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