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property in Pineville, Pennsylvania (Pineville property), which
they owned jointly. At some point in the relationship, marital
difficulties arose. In January 1989, petitioner and Colleen
entered into a separation agreement (the agreement). The
agreement includes, inter alia, custody provisions, support and
alimony provisions, and property distribution provisions. The
property distribution provisions provide, in part, for the sale
of the Pineville property. Those provisions also provide for
Colleen to receive specified amounts from the sale and contingent
possibilities if no sale is completed. The agreement further
states that it "shall be binding and shall inure to the benefit
of the parties hereto and their respective heirs, executors,
administrators, successors and assigns." Pursuant to its terms
and the subsequent divorce decree, the agreement was incorporated
into, but not merged with, the divorce decree. Approximately 1
month later, petitioner and Colleen were divorced pursuant to a
decree dated February 10, 1989.
On May 11, 1989, petitioner offered to pay Colleen, in
return for her interest in the Pineville property, a lump sum of
$20,000, and $20,000 over 2 years in equal monthly installments
of $833.33. In July 1989, petitioner and Colleen entered into an
agreement entitled "Addendum to Property Settlement Dated January
11, 1989 Between Robert J. Sugarman and M. Colleen Sugarman" (the
addendum), which modified the agreement. The addendum was
written expressly to replace the provisions of the agreement
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