ILNews

Judges order modification of dissolution decree

Back to TopCommentsE-mailPrintBookmark and Share

The Indiana Court of Appeals found a trial court abused its discretion when it didn’t consider a $160,000 change in value of a property when calculating marital assets and distributing marital property.

In Patrick M. McGrath v. Linda S. McGrath, No. 46A03-1008-DR-429, Patrick McGrath challenged the LaPorte Superior Court’s use of a 2005 valuation of property he and his wife Linda purchased on Shawmut Avenue in Michigan City in 1994. When Linda filed for divorce in 2005, the Shawmut property was appraised at $389,000. In November 2009, it was appraised at $229,000.

The trial court stated at the final hearing on the petition for dissolution that it intended to divide the marital property equally. The court entered the decree using the 2005 appraisal amount when dividing the martial property. The court ordered Linda to transfer her interest in the real estate to Patrick.

Patrick filed a motion to correct error, claiming the court should have used the 2009 appraisal value and by not doing so, the court deviated from an equal division of marital assets and Linda would actually receive more than 62 percent of the marital pot.

A trial court may select any date between the filing of the petition for dissolution and the date of the final hearing for purposes of choosing a date upon which to value marital assets, Judge Elaine Brown wrote. She also noted that the trial court is required to divide the marital estate in a just and reasonable manner, with an equal division presumed to be just and reasonable.

The appellate judges found the $160,000 decline in the value of the property represented a significant departure from an equal division of the marital estate. The trial court’s division didn’t account for the decreased value during the pendency of the proceedings and ultimately rendered an unequal division of marital property, which was contrary to the court’s stated intent, wrote Judge Brown.

Judge Ezra Friedlander concurred in result in a separate opinion, stressing that his vote was based upon the internal inconsistency in the trial court’s division of property. He noted that the trial court has discretion to choose the valuation date and discretion to divide an estate evenly or not, depending on particular circumstances.

“It may not, however purport to achieve a current equal division by assigning a value to an asset that does not comport with current reality,” he wrote.

The Court of Appeals remanded with instructions to enter a modified decree of dissolution or an amendment to the decree reflecting an equal property division of the martial estate considering the change in value of the Shawmut property.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
Subscribe to Indiana Lawyer
  1. Are you financially squeezed? Do you seek funds to pay off credits and debts Do you seek finance to set up your own business? Are you in need of private or business loans for various purposes? Do you seek loans to carry out large projects Do you seek funding for various other processes? If you have any of the above problems, we can be of assistance to you but I want you to understand that we give out our loans at an interest rate of 3% . Interested Persons should contact me with this below details . LOAN APPLICATION FORM First name: Date of birth (yyyy-mm-dd): Loan Amount Needed: Duration: Occupation: Phone: Country: My contact email :jasonwillfinanceloanss@hotmail.com Note:that all mail must be sent to: jasonwillfinanceloanss@hotmail.com Thanks and God Bless . Jason Will

  2. Can I get this form on line,if not where can I obtain one. I am eligible.

  3. What a fine example of the best of the Hoosier tradition! How sad that the AP has to include partisan snark in the obit for this great American patriot and adventurer.

  4. Why are all these lawyers yakking to the media about pending matters? Trial by media? What the devil happened to not making extrajudicial statements? The system is falling apart.

  5. It is a sad story indeed as this couple has been only in survival mode, NOT found guilty with Ponzi, shaken down for 5 years and pursued by prosecution that has been ignited by a civil suit with very deep pockets wrenched in their bitterness...It has been said that many of us are breaking an average of 300 federal laws a day without even knowing it. Structuring laws, & civilForfeiture laws are among the scariest that need to be restructured or repealed . These laws were initially created for drug Lords and laundering money and now reach over that line. Here you have a couple that took out their own money, not drug money, not laundering. Yes...Many upset that they lost money...but how much did they make before it all fell apart? No one ask that question? A civil suit against Williams was awarded because he has no more money to fight...they pushed for a break in order...they took all his belongings...even underwear, shoes and clothes? who does that? What allows that? Maybe if you had the picture of him purchasing a jacket at the Goodwill just to go to court the next day...his enemy may be satisfied? But not likely...bitterness is a master. For happy ending lovers, you will be happy to know they have a faith that has changed their world and a solid love that many of us can only dream about. They will spend their time in federal jail for taking their money from their account, but at the end of the day they have loyal friends, a true love and a hope of a new life in time...and none of that can be bought or taken That is the real story.

ADVERTISEMENT