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FIGURE 1

PROPERTY DIVISION
EQUALIZATION WITH ASSETS

ASSET

VALUE

SUBTOTAL

AWARD TO WIFE

AWARD TO HUSBAND

1.01 US Bank checking

6,000

6,000

1.02 Norwest bank checking

10.3 Norwest money market

1.04 US Bank

11,000

26,000

470

 

 

37,470

9,851.50

27,618.50

2.01 Amer Express 401K

5,000

5,000

5,000

2.02 Stock

22,700

22,700

22,700

3.01 Homestead Value

First mortgage

162,000

-105,222

 

56,778

 

56,778

4.01 1994 Jeep Cherokee

10,350

10,350

10,350

4.02 1995 Toyota Corolla

7,800

7,800

7,800

5.01 18' Sylvan boat

3,300

3,300

3,300

6.01 Fidelity equity Inc. IRA

6,900

6,900

6,900

7.01 Household goods

7,000

7,000

7,000

8.01 US bank VISA balance

Citibank VISA balance

-480

-15

 

-495

 

-495

8.02 Citibank and AT&T

-5,000

8.03 Mastercard

-6000

TOTALS

72,901.50

$72,901.50

 

 

FIGURE 2

PROPERTY DIVISION
EQUALIZATION BY REFINANCING MORTGAGE

ASSET

VALUE

SUBTOTAL

AWARD TO WIFE

AWARD TO HUSBAND

1.01 US Bank checking

6,000

6,000

1.02 Norwest bank checking

10.3 Norwest money market

1.04 US Bank

11,000

26,000

470

 

 

37,470

9,851.50

27,618.50

2.01 Amer Express 401K

5,000

5,000

5,000

2.02 Stock

22,700

22,700

22,700

3.01 Homestead Value

First mortgage

162,000

-105,222

 

56,778

 

56,778

4.01 1994 Jeep Cherokee

10,350

10,350

10,350

4.02 1995 Toyota Corolla

7,800

7,800

7,800

5.01 Household goods

7,000

7,000

7,000

6.01 US bank VISA balance

Citibank VISA balance

-480

-15

 

-495

 

-495

7.01 Citibank and AT&T

-5,000

7.02 Mastercard

-6000

TOTALS

$63,301.50

$72,901.50

Difference between Property Values 72,901.50 - 63.301.50 = $9,600
Amount Paid by Mortgage Refinance to Equalize $4,800

 

 






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