Beals v. Beals
Annotate this CaseAppellant Patricia Beals appealed the superior court's property division in her divorce from Appellee Mark Beals. She argued that the court incorrectly characterized a lot that she and Mark jointly purchase with cash obtained from refinancing the marital home as separate property. Mark owned the marital home before the parties married. In addition, Patricia argued the court erroneously valued the mortgage on the marital home at the time of separation rather than at the time of trial. Because the entire value of the jointly titled lot should have been characterized as marital property, and because the home's equity should have been valued as of the time of trial, the Supreme Court reversed.
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