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Document summary:
The husband and the wife were married on November 26, 1968, separated on February 29, 1996, and divorced on August 1, 1997. The husband and the wife moved to Wilmington, North Carolina, in 1981. In 1986, the couple purchased a Hallmark franchise in Wilmington. The wife operated the business until 1991, when the husband began working in the store with her. In mid-1993, the couple purchased three additional Hallmark stores in Myrtle Beach, South Carolina. Following the couples separation, the husband operated all four Hallmark stores, receiving a salary, bonuses, and other benefits from his management of the stores. Prior to the trial of the equitable distribution claims, the wife received $180,000 in interim distributions. In addition to the four Hallmark stores, on the date of separation the couple also owned a home in Wilmington, another residence in Georgia, and a condominium at Wrightsville Beach.
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