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Connor v. Connor

Decided: March 9, 1992.

RITA J. CONNOR, PLAINTIFF-RESPONDENT,
v.
WILLIAM J. CONNOR, DEFENDANT-APPELLANT



On appeal from Superior Court, Chancery Division, Family Part, Union County.

Antell, Long and Baime. The opinion of the court was delivered by Long, J.A.D.

Long

The opinion by the court was delivered by

LONG, J.A.D.

I

After a 22 year marriage, plaintiff, Rita J. Connor and defendant, William J. Connor were divorced pursuant to a final

judgment entered on December 9, 1987. That judgment incorporated a property settlement agreement which distributed the marital property and provided for certain alimony and equitable distribution payments from defendant to plaintiff.

Defendant was to pay alimony from 1988 to 2002 according to the following schedule:

Year: Amount:

1988 $170,000

1989 $160,000

1990 $155,000

1991-1994 $150,000

1995-2002 $50,000

The payments were to run continuously until the death of a party, remarriage of the wife or until the natural termination of the schedule in 2002. The agreement also provided for defendant to pay $2,500 annually as additional alimony for plaintiff's ongoing periodontal work up to 1994 and to pay for plaintiff's health insurance plan for three years.

The parties' assets and liabilities were valued and divided as follows:

Assets :

Husband Wife

Cash $72,000 $92,000

Furniture $0 $31,400

David Clark Loan $50,000 $50,000

Shares ITB $200 $0

(Indecipherable) $2,000 $0

Savings Bonds $100 $0

Cadillac Seville $13,000

IRA (husband) $11,800

IRA (wife) $9,800

Pension $415,000 $415,000

Murray Hill Sq. Home ...


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