Marriage of Friebel v. Friebel
Multiple issues addressed by court. See full summary.
Multiple issues addressed by court. See full summary.
Trial court properly excluded trust where husband’s father testified as to source of funds and later transactions.
(1) Cattle offspring were not given to wife and are thus not excluded as income or dividends (2) Inheritance spent to operate farm no longer exists. Since wife cannot trace the funds, it has lost its character. (3) If asset no longer exists, court cannot exclude it.
Simply because wife did routine maintenance on cottage inherited by husband is not enough to conclude that its character changed.
Retained earnings of subchapter S corporation, over which wife had full ownership, is income and not appreciation, so court properly included it in the marital estate.
A portion of the retained earnings of a gifted corporation were undistributed dividends and were thus marital property subject to division.
Apartment building is separate asset, but the related mortgage debt is subject to division.
Though a circuit court may consider substantial gifted assets when dividing the marital estate, it may not divide the marital estate to work a de facto splitting of those assets when there is no hardship.
The Federal Rules of Evidence, not Frye, provide the standard for admitting expert scientific testimony in a federal trial.
Husband traced non-divisible stock and there was no evidence of donative intent. Trial court did not err in finding that husband was not responsible for appreciation of company stock. Retained earnings were not marital since they represented insurance proceeds from loss of an asset.