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?

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Definitions:

Opiates

Natural or synthetic drugs derived from or resembling opium, typically used for pain relief but also known for their potential for addiction.

Double Effect

When an action (such as administering opiates) has both a positive effect (relieving a terminally ill person’s pain) and a negative effect (hastening death by suppressing respiration).

Slow Respiration

A decreased rate of breathing, which can be a sign of good health under certain conditions, such as during sleep or relaxation.

Palliative Care

A specialized area of healthcare focused on providing relief from the symptoms, pain, and stress of a serious illness, aimed at improving quality of life.