Opinion ID: 897593
Heading Depth: 1
Heading Rank: 4

Heading: Gate City Accounts

Text: [¶5] At the time of the divorce, there were three Gate City Savings & Loan accounts titled in Donna's name. She testified that two of the accounts, each with an $11,000 balance, were intended to be set aside for the education of their son and daughter and that a third account, with a $24,000 balance, was being held for Donna's own purposes. The total amount in these accounts was $46,000. Steven asserts that $22,000 of the funds in the accounts came about as a result of a pass-through of losses Rhodes Electric had experienced during a particularly disastrous year. He asserts that the $46,000 in the accounts could have been awarded to him and, in fairness, should have at least been equally divided between the parties. [¶6] Under paragraph five of the prenuptial agreement, property titled in either person's individual name, whether acquired before or after marriage, will remain the property of the person in whose name it is so entitled and will not be considered marital property for the purposes of a divorce. The trial court found the money came from a tax refund from the parties' joint filing. Steven gave the money to Donna with no restrictions. The money was hers and remains hers to do with as she pleases. Following the specific terms of the prenuptial agreement, the trial court awarded these accounts, which were titled in Donna's name, to Donna concluding, [t]he terms of paragraph 5 confirm that the parties intended that any property solely in a party's name, even if acquired after the marriage, belongs to the named party. We conclude the trial court's findings on this issue are not clearly erroneous and its disposition of the Gate City accounts is in accordance with the prenuptial agreement.