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Author Question: The very public divorce of Lorna Wendt, the wife of a GE executive, presented a test of property ... (Read 85 times)

Zulu123

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on: Jun 24, 2018
The very public divorce of Lorna Wendt, the wife of a GE executive, presented a test of property rights in Connecticut. Mrs. Wendt was awarded 20 million of the 100 million her husband had accumulated as a GE officer. Mrs. Wendt claimed she gave up her career as a music teacher in order to serve as a corporate wife. She had requested half of the 100 million. What is the nature of a marital partnership? What public policy issues are at stake in marital property divisions? Mrs. Wendt worked as a music teacher to allow her husband to obtain his MBA. Does she have any rights with respect to that investment?

Question 2

The Social Security Act established the federal Supplemental Security Income (SSI) program to aid all of the following persons except: ______.
 A) The aged
 B) The blind
 C)The disabled
 D)The infirm.


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Joc

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Reply #1 on: Jun 24, 2018
Answer to Question 1

The division of marital property varies by state. However, most states are looking to be sure that each spouse has some property rights from the accumulation of funds and property during the marriage. In a community property state, Mrs. Wendt would be entitled to one-half of the marital property. The spousal support during education has traditionally not netted spouses much in terms of property divisions.

Answer to Question 2

D


Zulu123

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Reply 2 on: Jun 24, 2018
Gracias!

ryansturges

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Reply 3 on: Yesterday
:D TYSM

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