Question
Homer and Marge were married in 2001. At that time, Homer was 22 and Marge was 20. They are now divorcing and are in dispute
Homer and Marge were married in 2001. At that time, Homer was 22 and Marge was 20. They are now divorcing and are in dispute about the marital estate and how to divide it. Homer and Marge live in Springfield, Nebraska. Homer and Marge jointly purchased a small home soon after they married. In 2006, Marge's mother gifted Marge with a Florida condominium valued at $250,000. Marge immediately rented out the condominium and has earned approximately $30,000 per year in rental income. Homer and Marge remained in their small home throughout the marriage and have seen its value increase from $100,000 to $150,000. How will these threeassets - the small home, the condominium and the rental income -be divided?
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