HomeMy WebLinkAbout0930 . ,
t3. BANK ACCOUNTS: The parties have acqulred ce~tain bank
accounts during their marrtage. The parties have, prior hereto, take~
possesslon of the money to whtch they r+ere entitled and there is no dispute
as to the amounts or entitlements of the parties as to satd m~nies.
TAXES: Each party shall file a separate tax ~eturn for I°'~~~ and neither
shalt clatm fihe other as a dependent.
14. BUSINESS 1N7ERESTS: The parties Jointly oNn a one third
interest in a certain restaurant business in West Virginia~ known as the
Candleltght Restaurant, lnc. As the business is in Bankruptcy Litigation
and the net recoverable equity cannot be accurately or reasonably
determined, it is therefare agreed that upcn settlement of the bankrupt
estate and the distribution of assets to the shareholders, the parties
shall pay that certain personal debt owed to Grace Estep in the principal
amount of :18,500.00 plus the 5x interest accrued to that future date. Any ~
shareholders' distributfon v,hich may remain shall then be equally divided
between the parties. Any tax that may arise due to the settlement of the
bankrupt estate or this distribution of assets or the dissolution of the
~ corporation shall be shared equally by the parties.
~ 15. DIV[SION OF REAL PROPERTY: The parties orrned real property
~ in Nest Virginia. That property has been sold and the proceeds h~~ve been
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~ equitably divided. Neither party wiil mak~ any claim against the other for
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r any additional portion of the proceeds from that sale. There is however a
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= certain loan =3,500.00 due Grace Estep, which is to be paid. ~1,750.00
t ea~h, upon receipt of the proceeds of the sale of the West Virginia
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' property. The parties leased a home in Port St. Lucie Florida, 241 NE
; Mainsall St., al] rental deposits or advances and ail utiiity deposits
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sha 1 i be so 1 e property of the Nusband and the W i fe w i 1 1 make no c 1 a i m on
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said monies.
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!6. tNCOME TAX: It is agreed between the parties that for the ~
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; tax year af t486 they wi 1 1 f i le separate Federai Inccxne Tax Returns. The
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~ Nusband shall be entitied to all deductions as may relate to the ownership
j of real propert-;~ and deductions as they relate to the child.
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; a ~52 P~E 9~9
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