Question 13.31

1. The 1991 divorce of Ivana and Donald Trump was widely covered in the media. The marital assets included a 45-room mansion in Greenwich, Connecticut; the 118- room Mar-a-Lago mansion in Palm Beach, Florida; an apartment in the Trump Plaza; a 50-room Trump Tower triplex; and just over $1 million in cash and jewelry. Assume that points are assigned as follows:

Marital Asset Point Allocations
Donald’s Points Ivana’s Points
Connecticut estate 10 38
Palm Beach mansion 40 20
Trump Plaza apartment 10 30
Trump Tower triplex 38 10
Cash and jewelry 2 2

Use the adjusted winner procedure to determine a fair allocation of the marital assets. (Exercise 1 courtesy of Catherine Duran.)

1.

Donald receives the Trump Tower triplex and about 87% ownership of the Palm Beach mansion. Ivana gets the rest.