Question
Barry and Hilda decided to end their marriage. Hilda has retained you to advise her on two separate issues. Part 1 Hilda has been unhappy
Barry and Hilda decided to end their marriage. Hilda has retained you to advise her on two separate issues.
Part 1
Hilda has been unhappy in her marriage for quite some time and wants a divorce as soon as possible because she is worried that barry will change his mind. She has heard that in some instances, one can obtain a divorce without having to wait. In fact, a friend has told her that an easy way to get a divorce is to tell the court that you have committed adultery, even if you have not. Hilda would like your advice on the least problematic way to obtain a divorce. As well she would like to know why a court might refuse to allow a divorce.
Part 2
After following your advice. Hilda has successfully divorced barry and the former partners now want to determine how to divide their property. Review the information below, which outlines their assets and debts. Determine how they will divide their property. Provide a calculation and an explanation to support your finding.
Barry
At the time of separation. Barry owned a house jointly with Hilda. The house is worth $500,000.00. The house is mortgage-free. Barry does not have any debts.
At the beginning of the marriage. Barry Owned a painting that he had inherited from his mother. The painting was $20,000.00. He had a student loan worth $20,000.00. He owned a car for $5000.00. He had savings of $5000.00
Hilda
At the time of separation. Hilda owned a house jointly with barry. The house is worth 500,000.00 She continues to own her business, but it is not doing well. It is now worth $350,000.00. She no longer owns the IBM shares. She sold them during the marriage, for $100,000.00.
At the beginning of the marriage. Hilda owned s business worth $100,000.00. She had a loan worth 50,000.00 and she owned IBM shares worth $20,000.00
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