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Henry and Shirley Bestwick decide to separate after 10 years of marriage. They have no children. To keep the separation amiable, they decide not to
- Henry and Shirley Bestwick decide to separate after 10 years of marriage. They have no children. To keep the separation amiable, they decide not to involve lawyers or the courts at this stage. They have a written separation agreement in which Shirley agrees to pay Henry a lump sum payment each year of $6,000 until he remarries. The payments will be taxable to Henry and will be deductible from Shirleys income.
- True.
False
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