Marcia and Dave Are Separated and Negotiating a Divorce Agreement

question 2173

Essay

Marcia and Dave are separated and negotiating a divorce agreement. They live in a common law state and have two children who will remain with Marcia. Dave is willing to transfer the jointly owned home to Marcia. He wishes to keep the couple's jointly owned boat. Dave will either transfer securities to Marcia ($100,000 adjusted basis, $150,000 fair market value) or will pay her $30,000 for 5 years with interest of 8%. What issues should Marcia and Dave consider when formulating their divorce agreement?

---

Definitions:

Hormones

Chemical messengers produced by glands in the body, transported in the bloodstream, affecting physiological activities.

Coping

The process of managing taxing circumstances, expending effort to solve life's problems, and seeking to minimize or tolerate stress or conflict.

Physiological Responding

The body's automatic reactions to stimuli, including changes in heart rate, hormone levels, and brain activity.

Maladaptive Methods

Strategies or behaviors that are ineffective or counterproductive in managing situations or meeting needs, often worsening the situation or condition.