Ausman v. Ausman

141 N.W.2d 869, 31 Wis. 2d 79, 1966 Wisc. LEXIS 960
Wisconsin Supreme Court·Decided May 10, 1966·Published·Cited by 10 cases

Opinion

Fairchild, J.

1. Division of property. The family assets and liabilities are as follows:

Assets:
Equity in home ($11,500 value less $6,206.72 mortgage debt) $5,293.28
Furniture 2,500.00
Truck 800.00
Balance receivable on Reedy note (from sale of jewelry store) 7,548.50
Escrow fund (from sale of jewelry store) 5,036.75
Light Guard business 600.00
Accounts receivable — Light Guard business 200.00
Insurance — cash value ($150 each) 300.00
Mr. Ausman’s bank account 202.00
Chevrolet (encumbered to its full value) -
Total assets $22,480.53
*82 Liabilities (other than mortgage on home and Chevrolet):
Owed to Mr. Ausman’s mother $3,500.00
Drug store 50.00
Owed to Judy Ausman, one of the self-supporting children 100.00
Miscellaneous 2,450.00
Total liabilities $6,100.00
Total assets 22,480.53
Total liabilities 6,100.00
Net worth $16,380.53

The estate was divided as follows:

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Ausman v. Ausman, 141 N.W.2d 869, 31 Wis. 2d 79, 1966 Wisc. LEXIS 960 (Wis. 1966).

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