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FINDINGS OF FACT
Some of the facts are stipulated and are so found. We
incorporate by reference the stipulation of facts and attached
exhibits.
Petitioner resided in Old Westbury, New York, when the
petition in this case was filed.
Petitioner married Gerald in 1963. They separated in April
1984 and obtained a divorce in 1992.
Petitioner graduated from high school and completed two
semesters of college, where she majored in child psychology.
Following her marriage, petitioner worked as a receptionist, but
she discontinued her job when their first child, Douglas, was
born in 1966. Their second child, Karen, was born in 1968. From
the time of Douglas' birth through the years in issue, petitioner
was a housewife and mother. Petitioner has no training or
experience in business matters.
When Gerald married petitioner, he worked at his family's
auto parts distribution business. In the early 1960's, Gerald
organized Ajac Transmission Parts Corp. (Ajac), which
manufactured and repackaged automotive automatic transmission
parts. Gerald worked hard to make Ajac a success, and by the
mid-1970's, Ajac employed 30 to 50 people and had nationwide
sales of $3 million to $5 million. Gerald also owned other
businesses during the years in issue.
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