In re: Marriage of HonerAnnotate this Case
Tom and Penny Honer were married in 1982. During their marriage, they purchased and built up several grocery stores, two of which remained primary marital assets. The businesses were held by an S corporation. Tom was and is president and CEO of and Penny was Vice President. Tom managed the grocery stores, while Penny handled administrative tasks, such as payroll, billing, advertising, employee training, and customer relations. She computerized their operations. The corporation paid Tom a base salary of $260,000 per year. Penny did not draw a salary, but after the separation she was paid $6,500 per month as a director. Tom was 64 at the time of trial, in good health, and worked fulltime. After 1997, Penny, who was 58, taught elementary school 2002-2009, while peripherally involved in the grocery business. In 2009 the two separated and Penny was diagnosed with multiple sclerosis. She has not worked since. They owned a 52-acre ranch in Mendocino and other commercial real estate, which produces rental income. Penny, who filed for divorce in 2010 challenged the court’s valuation of the grocery stores and the amount of spousal support she was awarded. The court of appeal affirmed.