Arnold and Barbara Cane were divorced in June 2010. Pursuant to the divorce decree, Arnold is obliged to perform as follows: Transfer title of their…
32. Arnold and Barbara Cane were divorced in June 2010. Pursuant to the divorce decree, Arnold is obliged to perform as follows: a. Transfer title of their personal home to Barbara. They purchased the house in 1992 and their basis today is $400,000. The fair market value of the house is $500,000. The house is subject to a 25-year, $250,000 mortgage. b. Arnold is to […]