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202301650
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Last modified
4/7/2023 9:59:43 AM
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4/7/2023 9:59:43 AM
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DEEDS
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202301650
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202301650 <br />saving decisions were made with knowledge and informed consent by both parties and both <br />parties prospered during the marital relationship. With their mutual success they acquiesced in a <br />lifestyle of acquiring assets and also in a lifestyle of spending. <br />The Defendant values the assets of Heritage at $5,951,000. The Plaintiff disputes that <br />figure but both parties acknowledge that Heritage is a going concern with a number of valuable <br />assets owned by the corporation. <br />Heritage is not a private business although the parties present that it is their business. <br />Heritage is a corporation and there are other stockholders owning 45.4 percent of the business <br />with varied financial interests. In fact, the evidence shows one of the stockholders has brought a <br />lawsuit on a promissory note alleging a $1,000,000 defaulted loan to the business at the present <br />time. <br />In 2009 the parties separated and continued to be employed by Heritage with the Plaintiff <br />being the President and Chief Executive Officer and the Defendant being the main disposal <br />expert. Both received remuneration the Plaintiff receiving $18,200 gross per month and the <br />Defendant a like amount. <br />As the Defendant points out in the evidence throughout the years of Heritage, the marital <br />years, the Plaintiff did not have withholding taxes taken out of her corporate draw and the <br />Defendant had withholding taxes. However, both mutually agreed to the structural setup of the <br />corporation and both benefited from the structure of the business, i.e. Defendant's ability to <br />participate in the business loss tax benefit and the Plaintiff benefiting from the Defendant's <br />payment of withholding from his salary. <br />Certified Page 3 of 10 <br />
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