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DIVISION OF PROPERTYAssetValueAllocation (H or W)SUV$20,000W *Joint bank account$5,000W **Condominium$350,000H ***Household effects$5,000H & W ***** The SVU was given to Wanda from her parents, the
DIVISION OF PROPERTYAssetValueAllocation (H or W)SUV$20,000W *Joint bank account$5,000W **Condominium$350,000H ***Household effects$5,000H & W ***** The SVU was given to Wanda from her parents, the vehicle is in her name, and was primarily - if not always - driven byWanda.** The money in the joint bank account is suspected to be a few thousand dollars. This money was put into the bank accountduring the time Wanda was supporting the couple while Hank went to law school full-time.*** Although the condominium is titled in both Hank and Wanda's names as joint tenants, Hank used the inheritance money($300,000) given to him from his great Aunt to purchase the condominium in its entirety. Wanda did not put a penny into thepurchase of the condominium.**** The parties were unable to come to a proper conclusion about who should pay, in full, the household effects. Both lawyersnegotiated, with their clients, a compromise in which the household effects property should be divided between the two parties.Thus, each party will pay $2,500 each ($2,500 to be paid by Wanda, $2,500 to be paid by Hank), totaling $5,000 altogether.ASSIGNMENT OF DEBTLiabilityAmountAllocation (H or W)Credit card$15,000H & W *Wanda's surgery$25,000W **Student loan$80,000H **** The parties were unable to come to a proper conclusion about who should pay, in full, the credit card debt. Both lawyersnegotiated, with their clients, a compromise in which Wanda will pay for $10,000 on the credit card for the high-end furniture shepurchased, while Hank will pay for the additional $5,000 ($3,000 was used by Hank to purchase jewelry for his girlfriend and theother $2,000 may be for other associated costs, such as interviewing clothes for Hank's job search).** Wanda obtained the surgery upon hearing
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