Ellen M. Rangos - Page 12

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               In the instant case, a majority of the above factors indicates         
          that the payments made by Mr. Rangos were in the nature of a                
          property settlement rather than support.  Our analysis in this              
          regard is as follows:                                                       
               With regard to the first factor, we believe the Agreement was          
          intended to be a comprehensive and final settlement of all                  
          property claims and rights between Mr. Rangos and petitioner.  In           
          this respect, Mr. Rangos was primarily concerned with retaining             
          ownership of his business interests and real estate.  He wanted             
          these assets and used the Agreement to get them.  This factor               
          favors treating the payments as part of a property settlement.              
               With regard to the second factor, pursuant to the Agreement,           
          petitioner surrendered valuable property rights:  Her rights in all         
          of Mr. Rangos' corporate stock, his business interests, and all             
          real estate (except the marital residence). This factor favors              
          treating the payments as part of a property settlement.                     
               With regard to the third factor, although the payments were            
          not fixed in amount, they were fixed in that Mr. Rangos was                 
          required to provide petitioner with full and unrestricted use of a          
          new Cadillac Eldorado (or an equivalent automobile).  The                   
          automobile payments were subject to two possible contingencies:             
          petitioner's death or remarriage. Although these contingencies              
          favor characterizing the payments as alimony, we do not believe             
          that they prove fatal to petitioner's case in light of the entire           





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