Opinion ID: 1118335
Heading Depth: 4
Heading Rank: 5

Heading: Did the court err in its valuation of the proceeds from the sale of the residence?

Text: Billie claims that the court erred in its valuation of the proceeds from the sale of the family residence. Billie and Virginia received $42,739 from the sale of the house. The court credited each of the parties with one-half of this amount. Billie alleges that this was a mistake, because he made three house payments from post-separation income in the amount of $6,889. He claims that the court should have subtracted $6,889 from the amount it credited Billie as having received from the sale. Virginia disagrees, arguing that these payments appear to have been made from the joint accounts, and the court was therefore correct in not including them in the marital estate. The transcript indicates that Billie made these payments in June, July and August of 1989. Because these payments were made after the date the court determined the parties were no longer a financial unit, and because the payments were made from Billie's own funds, on remand the court should consider whether he should be given credit for the payments he made and, if necessary, adjust the distribution of the property accordingly.