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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?
Government
The system or group of people governing an organized community, often a state, and the mechanisms through which state policy is enforced and affairs of the state are conducted.
Invention
Invention is the creation of a new product, process, or idea that has not existed before, often leading to technological advancements and innovation.
Innovation
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Invention
The creation of a product or introduction of a process for the first time.
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