Annuity Valuation in Marital Property Division
Synthèse Legislator
Généré par l'IAThe appellant sought review regarding the calculation of the marital portion of an annuity, which the lower court had treated as entirely marital property based on the period of marriage encompassing the annuity's accrual, despite the annuity being based on employment prior to the marriage and payments commencing after separation. The court held that the portion of the annuity attributable to pre-marital service, and thus the pre-marital portion of contributions, remained the separate property of the spouse who earned it, reasoning that only the appreciation or accrual during the marriage constitutes marital property subject to division, and thus the lower court erred by classifying the entire annuity as marital without segregating the pre-marital component.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Annuity Valuation in Marital Property Division: The court held that the portion of the annuity attributable to pre-marital service, and thus the pre-marital portion of contributions, remained the separate property of the spouse who earned it, reasoning that only the appreciation or accrual during the marriage constitutes marital property subject to division, and thus the lower court erred by classifying the entire annuity as marital without segregating the pre-marital component.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAImposed the costs of the proceedings on the appellant.
Texte complet
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