- 6 - 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 asPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011