Parde v. Parde
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The Supreme Court affirmed as modified the decision of the court of appeals applying the active appreciation rule to agricultural land in a marital property division, holding that the rule applies to such land.
After the district court divided the marital estate Wife appealed, challenging the district court's classification, valuation, and division of the marital estate. The court of appeals reversed the district court's determinations regarding five parcels of land, determining that the active appreciation rule applies to farmland. The Supreme Court affirmed as modified, holding (1) the court of appeals properly applied the active appreciation rule to agricultural land; and (2) the court of appeals' decision is modified to decrease the marital value of one parcel by $20,000.
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