Travis and Andrea were divorced. Their only marital property consisted of a personal residence (fair market value of $400,000, cost of $200,000), and publicly-traded stocks (fair market value of $800,000, cost basis of $500,000). Under the terms of the divorce agreement, Andrea received the personal residence and Travis received the stocks. In addition, Andrea was to receive $50,000 for eight years.

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The divorce agreement provides for a property division that is not equal. Andrea receives the personal residence, which has a fair market value of $400,000, while Travis receives the stocks, which have a fair market value of $800,000. In addition, Andrea is to receive $50,000 for eight years, which is a total of $400,000. This means that Andrea receives a total of $800,000 in property and cash, while Travis receives only $800,000 in property. This is not an equal division of property.

Travis and Andrea Were Divorced