(1) Gifted land may be separate from residence built on the land. (2) Amount of appreciation due to general economic conditions accrue to the gift; any amount due to contributions by the non-owning spouse is to be included in the marital estate.
Court can consider prior inherited status as a reason for dividing estate unequally.
Multiple issues addressed by court. See full summary.
(1) No tracing – therefore, property is marital. (2) Artwork hung in home becomes marital property. (3) Gifted stock is not transmuted to marital property by using it as collateral to benefit marital estate.
Trial court erred in concluding that it could not exclude portion of pension acquired before marriage.
Appreciation of corporate stock paid for by dividend income of corporation purchased with inherited funds is marital. The income of the separate corporation is marital per Arneson, so appreciation caused by use of income is also marital.
Multiple issues addressed by court. See full summary.
(1) Life insurance proceeds are subject to division. (2) Property acquired by joint tenancy is subject to division. (3) Premarital property is subject to division.
Where wife put inheritance into joint account for purpose of buying joint real estate, but husband put real estate into his own name, wife rebutted the presumption of donative intent.
Multiple issues addressed by court. See full summary.