- 2 - Petitioner, Charles F. Urbauer, resided in Troy, Michigan, when he filed the petition in this case. On June 18, 1966, petitioner and Kim Urbauer were married. During and through the end of their marriage, petitioner's principal residence was in Bloomfield, Michigan. On January 9, 1990, petitioner and Kim were divorced. In the Property Settlement of the Consent Judgment of Divorce (property settlement), the divorce court ordered "that the marital home at 2312 Hunt Club Drive, Bloomfield Hills, Michigan, which is presently listed for sale, be sold and the proceeds of the sale, after expenses, be applied in the following manner". There followed four items of debts and liens. The divorce court then ordered: Fifth: Establishment of an escrow fund in the amount of $62,000 for the payment of the capital gains tax due in connection with the marital home; Sixth: Any balance split seventy-five (75%) percent to the Plaintiff [Kim] and twenty-five (25%) percent to the Defendant [petitioner]. Kim was given control of the $62,000 escrow account, was entitled to the interest therefrom, and was required to pay any taxes on the marital home. She was to "hold [petitioner] harmless from any taxes due and owing from the sale of the marital home up to the estimated $62,000."Page: Previous 1 2 3 4 5 6 7 8 9 Next
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