Question
i need to do a closing statement for a trial on timesharing, mother wants full custody 80/20 father is unempolyed but mother wants full custody
i need to do a closing statement for a trial on timesharing, mother wants full custody 80/20 father is unempolyed but mother wants full custody
fact mattern:
HUSBAND IS FILING FOR DIVORCE
Date of Marriage January 1, 2005, in Las Vegas, NV
Husband:
Michael Brady 52
Employed by United - pilot- $150k/yr. - for 8yrs
Leased 2018 Porche 911 in Husband's name@ $1,400/mo. - 7months remaining till lease expires
Wife:
Carol Brady 45
Employed by Bern's - bar manager- $75k/yr. - 20yrs
Owned 2018 Porche Cayan in Wife's name @ $700/mo. - 5yrs left till PIF
Owns business "Greater Chaos Marketing" - $50k/yr. - started 2 years ago
4 Kids:
Rodney & Diane (twins)12 - Northside Christian going into 7th grade ($7,500/year per child)
Steve & Marsha (twins) 6 - Northside Christian going into 1st grade ($7,500/year per child)
All children have Prepaid College plans - PIF by Grandparents
Address: 1234 Brittany St
Clearwater, FL 33755
House Worth: $1,250,000
Mortgage: $2,400/mo.
(House is in both their names and bought it 15yrs ago brand new.)
Owe: $300k balance
Toys & Hobbies:
1982 24' Grady White w/trailer (PIF in Husband's name - worth $8k)
2- 2015 Yamaha Waverunners (PIF in Husband's name - worth $25k)
Kayaks/Paddleboards gear (worth approx. $5k)
Pets:
Husky dog: "Balto" 3 years old
French bulldog: "Dexter" 3 years old
Tabby cat "Vincent" 3 years old
Calico cat "Bella" 5 years old
Liabilities:
Amex Husband - $6k balance owed
Visa Joint - $6k balance owed
Discover Wife - $650 balance owed
MasterCard Joint - $3k balance owed
Sak's 5th Credit Card Wife - $2k balance owed
ASSETS:
Retirement Accts:
Husband: 401k $750k
Wife: Roth IRA $300k
Checking Joint: $8k
Savings Joint: $100k
Wife's Engagement Ring: 3ct (VVS1 H) 18kt (valued $30k)
Husband's Rolex - birthday gift from Wife during marriage (valued $8.5k)
Wife inheritance of 10 acres in Ocala, Florida
Husband inheritance of baby grand piano (valued $45k)
Wedding gift of sterling silver flatware- originally owned by Husband's grandparents
Health Insurance (family plan): Paid through Husband's employment - $800/mo.
Life Insurance:
Husband - Term policy through his employment $500k - $50/mo.
Wife - Term private policy $500k - $150/mo.
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