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In the early 1990s, in an attempt to reconcile difficulties
in his marriage with Marilou, Richard added Marilou’s name on the
deeds to the farm acreage and the residence acreage.
Apparently during Richard’s 9-year marriage to Marilou,
Richard and Marilou lived in the home on the residence acreage.
After his divorce from Marilou in 1994, Richard lived alone on
the residence acreage.
For purposes of the 1994 divorce proceedings between Richard
and Marilou and the property division that occurred relating
thereto, the farm acreage and the residence acreage were valued
by a local realtor at a combined total fair market value of
approximately $200,000.
In the August 16, 1994, divorce decree involving Richard and
Marilou, based on the above realtor’s valuation of the two
parcels, the divorce court placed a total value on the farm
acreage and the residence acreage of $200,000. After reduction
for an outstanding $32,000 mortgage on the farm acreage, the
divorce court concluded that the farm acreage and the residence
acreage had a total net value to Richard’s and Marilou’s marital
estate of $167,366.
Under the 1994 divorce decree, within one year of the
divorce, Richard was given the right or the option to purchase
Marilou’s one-half interest in both the farm acreage and the
residence acreage for $80,000, approximately the net value
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Last modified: May 25, 2011