David R. Braden and Sharon F. Braden - Page 6




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          her brother.  Ms. Braden spent the balance of the distributions             
          to construct a block wall at petitioners’ home and to purchase              
          furniture, furnishings, a big-screen television, a computer, a              
          hot tub, and landscaping for petitioners’ home, a cruise for                
          herself and her sister-in-law, and stereos for the four children            
          who were living with petitioners at the time.  Ms. Braden also              
          used some of the money to help purchase two cars--a Toyota Avalon           
          for which she paid approximately $15,000 and a Toyota Tercel for            
          which she paid approximately $11,000.  Petitioner contributed to            
          the purchase of the cars by trading in a 1995 Chevrolet pickup              
          truck that he had purchased new; the trade-in value was credited            
          against the purchase price of one or both of the cars.                      
               In May 1996, petitioners separated.  Petitioner moved out of           
          the family home; Ms. Braden remained in the home.  Petitioner               
          continued to deposit his payroll checks into the joint account.             
          Ms. Braden was supposed to pay the mortgage and utilities for the           
          family home but did not do so for a period of approximately 4               
          months.  The delinquency, which petitioner did not discover until           
          the family home was about to be sold, was remedied with funds               
          from petitioner and from the sale of the family home.                       
               In July 1997, petitioners divorced.  In connection with the            
          divorce, petitioners sold their home.  Petitioner retained no               
          part of the sale proceeds.  Ms. Braden retained the furniture and           
          furnishings she purchased with the distributed funds, as well as            






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