Opinion ID: 1937963
Heading Depth: 1
Heading Rank: 3

Heading: Partnership Interests

Text: The judgment and decree listed a one-fourth interest in two partnerships valued at Thirty Thousand and No/100 Dollars ($30,000.00) as belonging to Edward. The partnerships are not specifically identified. In a financial statement provided to a bank dated September 4, 1980, Edward represented that his interest in two partnerships was worth Seventy-five Thousand and No/100 Dollars ($75,000.00). On his 1981 tax returns, Edward listed three partnership interests valued at approximately Seventy Thousand and No/100 Dollars ($70,000.00). Based in part on this information, Mr. Romer, Mary's expert witness in the hearings before the referee, testified that he believed the Thirty Thousand and No/100 Dollars ($30,000.00) value listed in the judgment and decree was understated.