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September 13, 1994, i.e., $4,045.69, is includable in the gross
income of Ms. Jaffe for 1994.
However, until the date of the divorce, the Vanguard
Account was owned by Mr. Jaffe and Ms. Jaffe as tenants by the
entirety, as noted earlier, until September 13, 1994.6 Moreover,
until the date of divorce, the Vanguard Account was marital
property subject to equitable distribution by the Court of Common
Pleas.7
6
There is no evidence in the record to indicate that either
Mr. Jaffe or Ms. Jaffe held greater than an undivided one-half
interest in the Vanguard Account due to a disproportionate
contribution of assets.
7
There is apparently no dispute that the Vanguard account was
"marital property" under Pennsylvania law, which is defined as:
all property acquired by either party during the marriage,
including the increase in value, prior to the date of final
separation, of any nonmarital property acquired pursuant to
paragraphs (1) and (3), except:
(1) Property acquired prior to marriage or property
acquired in exchange for property acquired prior to the
marriage.
(2) Property excluded by valid agreement of the parties
entered into before, during or after the marriage.
(3) Property acquired by gift, except between spouses,
bequest, devise or descent.
(4) Property acquired after final separation until the
date of divorce, except for property acquired in
exchange for marital assets. * * *
23 Pa. Cons. Stat. Ann. sec. 3501(a) (West 1991). Further, "All
real or personal property acquired by either party during the
(continued...)
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