Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Litigation

By ALM Staff | Law Journal Newsletters |
September 01, 2003

Wife Wins 50% of Assets via Lump Sum and 'Alimony'

In a long-term marriage where the husband was the primary wage earner, the appellate court approved an award to the wife of 50% of the marital assets by a partial lump sum payment and a partial payout labeled “alimony”; the husband was ordered to pay the wife's attorney's fees. Klauser v. Klauser, No. 2002-CA-00269-COA, Mo.Ct.App., July 22, 2003.

The parties were married in 1970 and separated in 1999. The husband was a veterinarian and the primary financial provider during the marriage. The wife had supported the husband as a teacher when the parties were first married and he attended veterinary school. The wife then worked in the husband's veterinary practice until 15 years prior to the termination of the marriage, when she went back to teaching. The trial court awarded the wife $122,749 of the marital assets and the husband was awarded $216,106. The difference, totaling $93,357, was awarded to the wife in monthly installments of $1000 per month payable as “alimony” by the husband until the sum was paid in full. The husband was also ordered to pay the wife's attorney's fees. The appellate court affirmed the order of the trial court. It held that the large difference in the parties' incomes warranted the monthly installments of $1000 per month as alimony to the wife. The property distribution was appropriate because the court properly considered all factors required by the State of Mississippi to make a proper distribution of property, including, inter alia, the economic contributions of the parties, contribution to the education of each of the spouses, the needs of the parties, and any other factor that the court might deem significant. The award of attorney's fees to the wife was also appropriate because the husband was in a superior financial position.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Major Differences In UK, U.S. Copyright Laws Image

This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.

Strategy vs. Tactics: Two Sides of a Difficult Coin Image

With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.

The Article 8 Opt In Image

The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.

Removing Restrictive Covenants In New York Image

In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?

Fresh Filings Image

Notable recent court filings in entertainment law.