Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 1 of 12

MEMORANDUM DECISION

Pursuant to Ind. Appellate Rule 65(D), 

this Memorandum Decision shall not be 

regarded as precedent or cited before any 

court except for the purpose of establishing 

the defense of res judicata, collateral 

estoppel, or the law of the case.

ATTORNEY FOR APPELLANT

Derick W. Steele

Raquet, Vandenbosch & Steele

Kokomo, Indiana

ATTORNEY FOR APPELLEE

Whitney K. Beck

The Beck Law Office, LLC

Kokomo, Indiana

IN THE

COURT OF APPEALS OF INDIANA

Kearney W. Walters, III,

Appellant-Petitioner,

v.

Carrie Walters,

Appellee-Respondent.

March 23, 2020

Court of Appeals Case No.

19A-DN-1883

Appeal from the Howard Superior 

Court

The Honorable Brant J. Parry, 

Judge

Trial Court Cause No.

34D02-1901-DN-212

Najam, Judge.
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 2 of 12

Statement of the Case

[1] Kearney Walters, III (“Husband”) appeals the dissolution court’s final decree 

dissolving his marriage to Carrie Walters (“Wife”). Husband presents two 

issues for our review:

1. Whether the dissolution court erred when it listed a 

marital asset as a marital debt.

2. Whether the dissolution court erred when it disregarded 

evidence of more than $17,000 in credit card debt incurred 

by Husband.

[2] We reverse and remand with instructions.

Facts and Procedural History

[3] Husband and Wife were married in May 2015, and no children were born of 

the marriage. In January 2019, Husband filed a petition for dissolution of the 

marriage. During the final hearing, the court admitted into evidence without 

objection Husband’s Exhibit 1, which Husband described as a “summary” of 

his testimony regarding the parties’ assets and liabilities. Tr. Vol. 2 at 9. After 

the hearing, the dissolution court entered its final decree in which it purported 

to allocate fifty percent of the marital estate to each party. To achieve the equal 

property division, the court ordered Husband to pay Wife an equalization 

payment of $4,955. This appeal ensued.
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 3 of 12

Discussion and Decision

Standard of Review

In its Decree of Dissolution, the trial court sua sponte issued 

specific findings of fact and conclusions thereon. Accordingly, 

on appeal, our court will “not set aside the findings or judgment 

unless clearly erroneous, and due regard shall be given to the 

opportunity of the trial court to judge the credibility of the 

witnesses.” Ind. Trial Rule 52(A). In determining whether the 

findings or judgment are clearly erroneous, we first consider 

whether the record supports the findings and, second, whether 

those findings support the judgment. Granzow v. Granzow, 855 

N.E.2d 680, 683 (Ind. Ct. App. 2006). Findings are clearly 

erroneous if there are no facts in the record to support them 

either directly or by inference, and a judgment is clearly 

erroneous if the wrong legal standard is applied to properly found 

facts. Birkhimer v. Birkhimer, 981 N.E.2d 111, 118 (Ind. Ct. App.

2012). In order to find “that a finding or conclusion is clearly 

erroneous, our review of the evidence must leave us with the firm 

conviction that a mistake has been made.” Leonard v. Leonard,

877 N.E.2d 896, 900 (Ind. Ct. App. 2007). For any issue not 

covered by the trial court’s findings, we apply the general 

judgment standard and will affirm “if it can be sustained on any 

legal theory supported by the evidence.” Id.

In addition, the division of marital assets is a matter reserved to 

the trial court’s sound discretion, and we will reverse only for an 

abuse of that discretion. O’Connell v. O’Connell, 889 N.E.2d 1, 10 

(Ind. Ct. App. 2008). We do not reweigh evidence or assess the 

credibility of witnesses, and we will consider only the evidence 

that is most favorable to the trial court’s disposition of the marital 

estate. Id. The party challenging the trial court’s division of 

marital property bears the burden of overcoming “a strong 

presumption that the trial court considered and complied with 

the applicable statute, and that presumption is one of the 
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 4 of 12

strongest presumptions applicable to our consideration on 

appeal.” Id. (internal quotation marks omitted).

Crider v. Crider, 26 N.E.3d 1045, 1047-48 (Ind. Ct. App. 2015).

Issue One: Loan

[4] Husband first contends that the dissolution court erred when it included in a list 

of debts to be assumed by Wife an unpaid loan the parties had made to a third 

party in the amount of $1,500. Husband asserts, and Wife does not dispute, 

that the loan is not a debt, but is an asset in the amount of $1,500. Neither 

party testified about this asset at the final hearing. Rather, in Husband’s 

Exhibit 1, a “Loan to Ron and Jackie Clover” is listed as an asset in the amount 

of $1,500. Appellant’s App. Vol. 2 at 27.

[5] Initially, we note that the parties dispute the evidentiary value of Husband’s 

Exhibit 1, which he described as a “summary of [his] testimony.” Tr. Vol. 2 at 

9. We need not resolve that dispute because the dissolution court clearly relied 

on Exhibit 1, in part, in dividing the marital estate. As with any evidence, the 

dissolution court exercised its discretion to assess the credibility of the 

information set out in Exhibit 1, and we will not second-guess the court in that 

regard. See Crider, 26 N.E.3d at 1047.

[6] That being said, Exhibit 1 clearly lists the $1,500 loan to the Clovers as a 

marital asset, and neither party presented any evidence to the dissolution court

to suggest that the loan is a debt. Indeed, Wife did not dispute this alleged asset 

at the final hearing, and, on appeal, she does not contend that the loan is 
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 5 of 12

anything other than a marital asset. Because there is no evidence that the loan 

is a debt, the dissolution court abused its discretion when it assigned the loan as 

a debt to Wife. Accordingly, we reverse and remand to the dissolution court to 

recalculate the marital pot. The court shall include the $1,500 unpaid loan as a 

marital asset, unless the court deems the evidence insufficient to establish the 

loan, in which case the court may disregard the loan altogether.

Issue Two: Credit Card Debt

[7] Husband next contends that the dissolution court erred when it assessed a total 

of $6,200 in credit card debt to Wife but “failed to assign any value to the credit 

card debts” claimed by Husband. Appellant’s Br. at 10. In the final decree, the 

dissolution court found in relevant part as follows:

DEBTS

18. [Husband] shall pay the following debt:

a. any debt in his name alone

19. [Wife] shall pay the following debt:

a. the debt owed to Ron and Jackie Clover ($1,500);

b. Discover Card ($6,000.00);

c. Kohl’s Card ($0.00);

d. JCPenney Card ($200.00);

e. any other debt in her name alone.
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 6 of 12

20. There is an indication on [Husband’s] sheet of assets and 

debts [(Exhibit 1)] involving over $17,000 in credit card debt. 

The amount is listed under [Husband’s] column, however, 

counsel wrote “wife” in the margin. Neither party presented any 

evidence or other proof concerning these debts. Therefore, each 

party will pay what is in their name. It is not accounted for [in] 

the recapitulation.

Appellant’s App. Vol. 2 at 14. In the “recapitulation” included in the decree,

the dissolution court lists only Wife’s debts, including the $6,200 credit card 

debt. Id. at 16. The court does not show any specific amount of credit card 

debt to Husband.

[8] It is well settled that all marital property goes into the marital pot for division, 

which includes both the assets and liabilities of the spouses. Crider, 26 N.E.3d 

at 1049. Husband asserts that the only evidence of Wife’s credit card debt, as 

found by the dissolution court, was Husband’s Exhibit 1. However, with 

respect to the $17,657 in credit card debt Husband assigned to himself in 

Exhibit 1, the dissolution court observed that the word “Wife” was handwritten 

in the margin and stated that “[n]either party presented any evidence or other 

proof concerning these debts.” Appellant’s App. Vol. 2 at 14. On appeal, 

Husband maintains that “[i]t is at best arbitrary and capricious to choose the 

values listed by Husband to Wife, but to completely ignore the values listed by 

Husband concerning his own debt.” Appellant’s Br. at 10.

[9] Initially, we agree with Husband that the dissolution court erred when it found

the handwritten note “Wife” in the margin of Exhibit 1 to be relevant to 
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 7 of 12

Husband’s claimed credit card debt. During Husband’s testimony at the final 

hearing, he addressed which of the marital assets belonged to which party, and 

he stated that the “Palomino Pop Up” should be “moved from [his] list of assets 

to hers.” Tr. Vol. 2 at 10. Accordingly, his attorney stated that he was putting 

“a blue mark beside that and just say wife.” Id. The Palomino Pop Up is on 

the single-space list of Husband’s assets in Exhibit 1 just one line below the 

credit card debt notation. Thus, the handwritten notation “Wife,” in blue ink, 

has nothing to do with the credit card debt, but refers to the Pop Up asset. On 

remand, we instruct the dissolution court to reconsider the evidence of 

Husband’s credit card debt without considering the handwritten notation 

“Wife” in the margin in Exhibit 1.

[10] However, we decline Husband’s request that we instruct the dissolution court to 

hold a new hearing to give him the opportunity to present additional evidence 

in support of his claimed credit card debt. Husband points out that, during the 

final hearing, he “referenced multiple times having the supporting documents

for the debts and payments made on debts in the courtroom. . . . Yet, this 

evidence was inexplicably never introduced.” Appellant’s Br. at 11. But 

Husband is not entitled to a second bite at the apple. See Church v. Church, 424 

N.E.2d 1078, 1082 (Ind. Ct. App. 1981) (holding that “parties to a legal 

proceeding are bound by the evidence they introduce at trial and they are not 

allowed a second chance if they fail to introduce crucial evidence”).

[11] Moreover, again, the dissolution court has discretion on remand to assess the 

credibility of Husband’s claimed credit card debt shown in Exhibit 1. See Crider, 
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26 N.E.3d at 1047. While Exhibit 1 provides the only evidentiary support for 

Wife’s $6,200 in credit card debt listed in the final decree, that does not mean 

that the court was required to adopt, line-by-line, the entire “summary” of the 

evidence contained in that exhibit. Rather, the court is entitled to assess 

Husband’s credibility on the issue of his credit card debt in light of all of the 

evidence presented at the final hearing.1

 See Crider, 26 N.E.3d at 1047.

Conclusion

[12] We reverse and remand to the dissolution court to reassess the value of the 

marital estate in light of the erroneous delineation of an alleged marital asset as 

a marital debt in the amount of $1,500. On remand, we also instruct the 

dissolution court to reconsider the evidence of Husband’s credit card debt 

without considering the handwritten notation “Wife” in the margin in Exhibit 

1. After correcting those two errors, the court shall issue a revised final decree 

reflecting the value of the marital estate and the division of assets and liabilities

in a manner consistent with this decision.

[13] Reversed and remanded with instructions.

Vaidik, J., concurs.

Tavitas, J., dissents with separate opinion.

1

 We note Wife suggests that Husband had dissipated marital assets during the marriage, but the court made 

no such finding.
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 9 of 12

IN THE

COURT OF APPEALS OF INDIANA

Kearney W. Walters, III,

Appellant-Petitioner,

v.

Carrie Walters,

Appellee-Respondent.

Court of Appeals Case No.

19A-DN-1883

Tavitas, Judge, dissenting.

[14] I respectfully dissent from the majority’s reversal of the trial court’s division of 

property. 

[15] The majority seems to rely on Husband’s exhibit “Summary of Husband’s 

Testimony” as actual substantive evidence of the assets and debts of the parties 

without the actual testimony to back up the exhibit. I do not agree that this 

exhibit alone provides sufficient or credible evidence to find that the trial court 

erred in failing to properly divide the marital estate. A party in a dissolution of 

marriage proceeding cannot find relief on appeal after that party failed to 

provide sufficient and credible evidence of marital property and debts. 
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 10 of 12

[16] We have held:

[A]ny party who fails to introduce evidence as to the specific 

value of the marital property at the dissolution hearing is 

estopped from appealing the distribution on the ground of trial 

court abuse of discretion based on that absence of evidence. This 

rule places the burden of producing evidence as to the value of 

the marital property where it belongs on the parties, rather than 

on the trial court. It is appropriate to require the parties to bear 

the burden of gathering and presenting to the trial court evidence 

as to the value of the marital property rather than to place upon 

the trial court the risk of reversal if it distributes the marital 

property without specific evidence of value.

In re Marriage of Church, 424 N.E.2d 1078, 1081-82 (Ind. Ct. App. 1981).

[17] Husband’s arguments concern an alleged $17,657.00 in credit card debt 

incurred by Husband and an alleged $1,500.00 loan to Ron and Jackie Clover. 

Although both items in question were listed in Husband’s Exhibit 1, entitled 

“Summary of Husband’s Testimony,” Husband failed to present evidence

regarding either item. I conclude that Husband is estopped from raising these 

arguments on appeal given his lack of evidence presented to support these 

items. See also Campbell v. Campbell, 993 N.E.2d 205, 215 (Ind. Ct. App. 2013)

(“To the extent Father argues that the order results in an unequal division, we 

note that Father did not present any evidence as to the value of these items. As 

it was the burden of the parties to prove the value of the marital assets, we 

decline to address this issue.”), trans. denied. Husband is essentially attempting

to present the evidence on appeal that he should have presented at the final

hearing. 
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 11 of 12

[18] I also note that, in challenging the trial court’s division of marital property,

Husband must overcome a strong presumption that the trial court considered 

and complied with the applicable statute.2

 Harris v. Harris, 42 N.E.3d 1010, 

1017 (Ind. Ct. App. 2015). This presumption is one of the strongest 

presumptions applicable to our consideration on appeal. Id. The trial court 

assesses the credibility of the witnesses and the weight of the evidence. See In re 

Marriage of Perez, 7 N.E.3d 1009, 1010-11 (Ind. Ct. App. 2014) (“We consider 

only the evidence most favorable to the trial court's disposition of the marital 

property, and we may not reweigh the evidence or assess the credibility of the 

witnesses.”). Unfortunately, here, the trial court was given little if any evidence 

regarding the alleged loan and husband’s debts. Why was Husband not simply 

asked about these in direct examination? It was within the discretion of the trial 

court to reject evidence as either insufficient or not credible. We cannot, on 

appeal, reweigh the evidence, which the majority does here.

[19] Trial courts are vested with the duty to evaluate the evidence presented and to 

assess the credibility of the witness testimony and evidence presented. Given 

the lack of evidence presented by Husband, Husband has failed to overcome 

this presumption. I cannot find that the trial court abused its discretion based 

upon the scant evidence in the record regarding the parties’ assets and debts. 

2 See Ind. Code § 31-15-7-4 (“The court shall divide the property in a just and reasonable manner . . . .”); Ind. 

Code § 31-15-7-5 (“The court shall presume that an equal division of the marital property between the parties 

is just and reasonable.”). 
Court of Appeals of Indiana | Memorandum Decision 19A-DN-1883 | March 23, 2020 Page 12 of 12

[20] The trial court did not abuse its discretion. I respectfully dissent and would 

affirm the trial court’s division of the marital estate.