Opinion ID: 2116943
Heading Depth: 1
Heading Rank: 5

Heading: Parties' Financial Condition after the Property Division

Text: The trial court's original property division yielded an equivalent division of marital assets in the amount of $167,331.50 to each party. Thus, the trial court found the respective financial condition of the parties after the property division was essentially equal. Roger's only objection to this finding points to his remand hearing testimony that his monthly expenses are greater than his monthly obligations and that he has no liquid assets because of the property division. Despite Roger's contentions, the original property division reflects that he was awarded a cash account of $26,000, a credit union account of nearly $13,000, a coin collection valued at $1,000 and a bank account of $2,000. This yields a total of some $42,000 in liquid assets in Roger's possession after the property division. What Roger may have done to deplete these assets after the property division is not a factor in the alimony analysis involved herein. Moreover, Roger has a substantially higher net monthly income than Dolores (some $1,800 higher) and he admitted during the remand hearing that he still has a number of funds in his possession and control that he was ordered to transfer to Dolores in the divorce decree. Therefore, if there was any error in the finding of an equivalent financial condition, it would appear that the error concerned Dolores and not Roger.