- 11 - Based on our findings above, we draw the following conclusions regarding the value of properties distributed: NonInvestment Investment Ronald Armacost 1$87,000 2$1,137,800 Linda Armacost 399,000 4641,000 1Includes lake home in Idaho ($50,000), personal property and household furnishings ($25,000), condominium in Maui ($61,000) and debt on the family home (-$49,000). 2Includes all capital stock in Budget Oil Co., Inc. ($101,000), one-half of all investment stocks, royalty rights, and partnership interests ($0), IRA ($4,800), one-half interest in pension and profit sharing plan ($40,000), commercial property located at N. 7902 Division (-$38,000), commercial property located at Division and Augusta ($128,000), commercial property located at University City ($195,000), commercial property located on Pines Road ($400,000), commercial property located in Moscow, Idaho ($145,000), commercial property located at Liberty Lake ($247,000), real estate at Third and Maple ($50,000), and a bank note on the McDonald's property (-$135,000). 3Includes the family home ($70,000), vehicles and household furnishings ($25,000), and account balances ($4,000). 4Includes McDonald's property ($580,000), Miller real estate contract ($16,000), Lang real estate contract ($5,000), one-half interest in investment stocks, royalty rights and partnership interests ($0), one-half interest in pension and profit sharing plan ($40,000). Petitioner received $12,000 less than Linda Armacost in noninvestment property value, and $496,000 more than Linda Armacost in investment property value. This means that petitioner is entitled to his one-half community interest ofPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011