[DOWNLOAD] "Smith V. Smith" by New Mexico Court of Appeals " Book PDF Kindle ePub Free
eBook details
- Title: Smith V. Smith
- Author : New Mexico Court of Appeals
- Release Date : January 08, 1992
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 54 KB
Description
The parties were married on January 7, 1983. Prior to the marriage, Husband acquired the Corporation as his separate property. During coverture both parties were employed by the Corporation, although Wife did not work continuously for the Corporation throughout the marriage. The parties separated in June 1988, and Wife filed for divorce in August 1988. Following a trial on the merits and a rehearing involving the distribution of the community property and marital obligations, the trial court found that Husband's separate business was "subject to a community lien in the sum of $50,000.00 by reason of the value of [the] business having been enhanced during the marriage by the labor, skill and talents of the parties." The court concluded that Wife was entitled to one-half of the value of the community lien impressed against the Corporation. After off-setting the value of the property awarded to Husband and Wife, the court ordered Husband to pay Wife the amount of $7,344 in order to equalize the distribution of property and outstanding community debts.
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