Opinion ID: 887711
Heading Depth: 1
Heading Rank: 6

Heading: District Court's valuation of Jim's future inheritance at $3,000,000.00

Text: ¶29 We also conclude the District Court erroneously valued Jim's Trust inheritance at $3,000,000.00. While the record contained substantial evidence that Jim would receive between $66,000.00 and $80,000.00 annually based on a Trust corpus of approximately $9,000,000.00 in 2004, there was no evidence establishing the present value of Jim's interest in the Trust, nor did the court explain how it reached the $3,000,000.00 valuation. Upon remand, the District Court shall, based upon competent evidence and with the assistance of an expert, if necessary, determine the present value of the income stream from the Trust corpus, as well as the likely stream of annual income Jim will receive in the future, based upon actuarial values. As indicated above, the court may then take this figure into account in recalculating the distribution of marital assets. It may also take this figure into account in considering the amount and duration of maintenance. See ¶ 36 below, and § 40-4-203(2)(f), MCA.