- 11 - buy. Approximately 3 years later, the Beatty purchased the property, with Mr. Beatty explaining to Mrs. Beatty that she just needed to sign the papers to make their ownership “official.” The Beattys never opened or maintained joint bank accounts. In fact, the only accounts in Mrs. Beatty’s name (prior to 2001) were those opened by and used solely by Mr. Beatty. Due to Mr. Beatty’s bankruptcy in 1981 and ongoing tax prob- lems, all vehicles purchased by Mr. Beatty have been titled in the name of Mrs. Beatty. All vehi- cles have been purchased from a friend/associate who owns a car dealership. The vehicles are al- ways financed. Presently, the Mr. Beatty owns 2 vehicles: a 1996 Chevrolet van, bought and fi- nanced used in 1998 (balance owed is approximately $10,000, estimated resale value: $8,000); and a 1999 Dodge Ram work van, financed in 1999 (balance owed is approximately $16,000, estimate resale value $7,000). Mr. and Mrs. Beatty do not have any investments, do not have life insurance poli- cies, and do not maintain any saving or retirement accounts. They do not own expensive artwork or collectibles, or live an extravagant lifestyle. a. How did you pay for these assets? Mr. Beatty financed the purchases of the residence and the vehicles. 15. What assets do you currently own? See Answer to Question 14. a. Were any of the assets transferred to you from your spouse? No. [Reproduced liter- ally.] On September 19, 2002, a representative of respondent requested certain documents, including (1) documentation of petitioner’s income and living expenses at that time, (2) docu- mentation of any bankruptcies that petitioner was involved withPage: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 NextLast modified: November 10, 2007