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For the first 15 years of the Barrancos’ marriage,
petitioner handled family financial matters, paying the family
bills out of a checking account. About 1976, Dr. Barranco
assumed a large part of this responsibility and eventually
engaged the services of various accountants to assist him. He
began having family bills sent directly to his office, where he
would write checks to pay them. He also began providing
petitioner a monthly “stipend” to cover household expenses such
as for groceries, clothing, and incidentals. Petitioner might
use any residual amount of the stipends to pay other charges on
her own credit cards. (Otherwise, Dr. Barranco would pay her
credit card charges along with other family bills.) During the
years at issue, the stipend ranged from $2,000 to $3,000 a month.
Each year, Dr. Barranco also gave petitioner an additional
monthly stipend payment of like amount to buy Christmas gifts for
their children.
The Barrancos’ discussions of family finances related
primarily to the adequacy of petitioner’s stipend and, on
occasion, to the financing of the various real estate purchases
discussed below.
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Last modified: May 25, 2011