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filed. Petitioners have been married to each other for more than
31 years and have four adult children. Although petitioners had
saved some money for their children's education, all the children
have paid for their own undergraduate and postgraduate schooling.
Petitioners purchased their house over 21 years ago for $41,000.
At the time of the trial in this case, the house had a value of
approximately $60,000 and was subject to a $45,000 mortgage.
For many years, petitioners maintained a joint bank account
in both their names at the National City Bank. The account had
the same address as their residence, and the monthly bank
statements were sent to that address. They closed the National
City Bank account in July 1991 and did not maintain a personal
checking account for the remainder of 1991 and all of 1992.
Eventually Barbara opened an account in her own name.
At the time of the trial in this case, Raymond did not own
any other real property, did not own any stocks or bonds, and did
not have a pension plan or IRA.
Raymond has collected baseball cards since 1957. He also
collects stamps, coins, guns, sports memorabilia, typewriters,1
movie posters, autographs, and pictures. Every year he takes
1,000 to 2,000 photographs of the Cleveland Indians at spring
training. He has more than a million Cleveland Browns programs,
1Raymond has collected over 600 old typewriters manufactured
from the turn of the century to the 1950's. The average cost of
a typewriter is $3.75. He has given away three typewriters but
has never sold a typewriter.
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