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1980, for the Easter and Christmas holidays. Petitioner also
used the Florida condominium on a couple of vacations while the
children were out of school.
Petitioner's lifestyle did not change during the years in
issue. The Jacobys continued to live in the house they acquired
in 1976. There were minimal increases in the family's savings,
and the amount of petitioner's monthly allowance received from
Gerald did not change. Neither petitioner nor the children
received any large gifts from Gerald during the years in issue.
In the early 1980's, the Jacobys began to live apart. In
1984, Gerald moved out of the marital residence permanently.
Thereafter, Gerald experienced financial difficulties and
business failures. Gerald sold his business interests to his
employees in 1984 and 1985, and petitioner received no proceeds
from the sale. Gerald sold the Florida condominium in 1985, and
none of the proceeds of the sale went to petitioner.
In 1985, Gerald told petitioner that he was having serious
financial problems and had incurred a great deal of debt. About
that same time, petitioner learned that tax liens had been filed
against their home. In 1986, Gerald sold the boat, and none of
the proceeds of the sale went to petitioner.
In May 1987, the Jacobys entered into a separation agreement
under which petitioner received ownership of the marital
residence. In exchange for ownership of the marital residence,
petitioner waived her rights to alimony, spousal support, and
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