OPINION
RABINOWITZ, Chief Justice.
The parties to this appeal were married in Reno, Nevada, in August of 1967. Vida Hinchey filed for divorce on February 4, 1976, on the ground of incompatibility of temperament. At the time the action was decided, Ken Hinchey was 63 and Vida Hin-chey was 48. Vida Hinchey testified that she was a housewife during her marriage to Ken Hinchey. She graduated from high school, and worked intermittently as a long distance operator for telephone companies from 1945 until 1957, accumulating twelve years of seniority. From 1962 until her marriage to Ken Hinchey, she worked as a waitress at the Washington Athletic Club in Seattle. Vida Hinchey testified that she thought it would be difficult for her to return to work as either a waitress or phone operator, because of her age and because of technical changes in the phone equipment. She also testified that she had been licensed to sell real estate in Washington, and had sold real estate for nine months to a year.
Ken Hinchey did not testify at the trial. His occupation is businessman-investor. At the time of the marriage in 1967, he was the owner of Alaska Aggregate Company (hereafter Alagco). This business was sold in 1974, and subsequently Ken Hinchey invested in a gold dredging company, Alaska Minerals and Exploration, Limited (hereafter AMEL). At the time of trial, AMEL’s success was still speculative. Ken Hinchey had also invested in a potential lease site of property of the Alaska Railroad.
Vida Hinchey had four children from a prior marriage. These children, and their
ages at the time of trial, were: James, 22; Mark, 20; Jeffrey, 18; and Matthew, 16. All four children were adopted by Ken Hin-chey. There was one child, Clark Errol, born of the parties’ marriage. Although custody of Clark was originally contested, Ken Hinchey states in his trial brief that he does not contest the child’s custody. This child was born with a minor motor disability, and attended a special public education facility. It is anticipated that his education will continue at regular public schools.
The major issue before the superior court and this court on appeal is centered on the superior court’s property division. Vida Hinchey brought no assets to the marriage. Alagco was Ken Hinchey’s separate property at the time of the marriage; estimates of Alagco’s value in 1967 ranged from $800,000 to $1,600,000. A special master was appointed to determine the current assets of the parties.
The superior court determined that the increase in Alagco value was a marital asset, and that even if not, the asset should be invaded. The superior court divided the property and provided for support as follows: Vida Hinchey was awarded $2,500 per month support until she remarries or reaches 60; $1,000 per month if 60 and not remarried; $25,000 per year from the Al-agco contract salary, starting in 1978 through 1983
(see
n. 25
infra);
$200,000 from the Alagco contract balloon payment in 1984 (see n. 24 infra); the parties’ Hill-crest home, subject to its mortgage; $5,000 for repair of Hillcrest home; $6,000 for purchase of a car; $25,000 for attorney’s fees; $2,500 for Jeffrey’s dental work; $2,238 for payment to the special master; and $4,000 for past support owed. Ken Hinchey was awarded all of the stock and assets of AMEL; all of the stock of Alaska Glacier, Inc.; the Alagco salary payments remaining after payment of the support ordered by the superior court; and the Al-agco contract payments after deduction of the $25,000 annual award to Vida Hinchey for the period 1979-1983 and after deduction of Vida’s $200,000 from the 1984 balloon payment. In addition, Ken Hinchey was ordered to pay $350 per month child support for Clark, until age 23, or as long as he is dependent, and $250 per month each for Matthew and Jeffrey, through age 19, and $150 per month each through age 23, if they are full-time students.
This appeal followed.
Before addressing the property division issues, we turn first to the other issues which Ken Hinchey has raised in this appeal.
I.
IS THE SUPERIOR COURT’S ORDER REQUIRING KEN HINCHEY TO PAY SUPPORT BEYOND THE AGES OF MINORITY OF HIS CHILDREN, IF THEY WERE ENROLLED IN SCHOOL, ERRONEOUS?
As indicated previously, the superior court ordered Ken Hinchey to pay $150 per month for Matthew and Jeffrey from age 19 through age 23 as long as they are full-time students. Ken Hinchey argues that support beyond age 19 is prohibited by Alaska’s age of majority statute.
We
think appellant’s reliance is misplaced. AS 09.55.210, which provides child support, states in pertinent part that:
In a judgment in an action for divorce or action declaring a marriage void or at any time after judgment, the court may provide
(2) for the payment by either or both parties of an amount of money or goods, in gross or installments, as may be just and proper for the parties to contribute toward the nurture and education of their children ....
In our view, that part of AS 09.55.210 which provides that the parties may be ordered to provide for the “nurture and education of their children” is controlling. It is of particular significance that the statute was not drafted to read “nurture and education of minor children” for then post-majority support would be clearly prohibited. Lacking such an express limitation, we think the term “children,” in the context employed, is ambiguous and thus subject to judicial construction.
Other Alaska statutes pertaining to custody of children specify whether they are applicable to minor children. AS 09.55.205 provides, in part, that “[T]he court may ... make an order for the custody of or visitation with the minor child... . ” Similarly, AS 09.55.200 authorizes the court, during the pendency of the action, to enter orders “for the care, custody, and maintenance of the minor children of the marriage.... ” We conclude that a reasonable construction of AS 09.55.210 allows for the continuation of educational support of children beyond the age of majority.
This conclusion is supported by the decision in
French v. French,
117 N.H. 696, 378 A.2d 1127 (1977). The New Hampshire court ordered the college fees paid for two children after they had reached the age of majority. The New Hampshire court reasoned that the word “minor” did not appear in the custody and support statute, and that the legislature would have included “minor” if it had intended to limit support to minor children. An extensive discussion of this question is contained in
Childers v. Childers,
89 Wash.2d 592, 575 P.2d 201 (1978).
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OPINION
RABINOWITZ, Chief Justice.
The parties to this appeal were married in Reno, Nevada, in August of 1967. Vida Hinchey filed for divorce on February 4, 1976, on the ground of incompatibility of temperament. At the time the action was decided, Ken Hinchey was 63 and Vida Hin-chey was 48. Vida Hinchey testified that she was a housewife during her marriage to Ken Hinchey. She graduated from high school, and worked intermittently as a long distance operator for telephone companies from 1945 until 1957, accumulating twelve years of seniority. From 1962 until her marriage to Ken Hinchey, she worked as a waitress at the Washington Athletic Club in Seattle. Vida Hinchey testified that she thought it would be difficult for her to return to work as either a waitress or phone operator, because of her age and because of technical changes in the phone equipment. She also testified that she had been licensed to sell real estate in Washington, and had sold real estate for nine months to a year.
Ken Hinchey did not testify at the trial. His occupation is businessman-investor. At the time of the marriage in 1967, he was the owner of Alaska Aggregate Company (hereafter Alagco). This business was sold in 1974, and subsequently Ken Hinchey invested in a gold dredging company, Alaska Minerals and Exploration, Limited (hereafter AMEL). At the time of trial, AMEL’s success was still speculative. Ken Hinchey had also invested in a potential lease site of property of the Alaska Railroad.
Vida Hinchey had four children from a prior marriage. These children, and their
ages at the time of trial, were: James, 22; Mark, 20; Jeffrey, 18; and Matthew, 16. All four children were adopted by Ken Hin-chey. There was one child, Clark Errol, born of the parties’ marriage. Although custody of Clark was originally contested, Ken Hinchey states in his trial brief that he does not contest the child’s custody. This child was born with a minor motor disability, and attended a special public education facility. It is anticipated that his education will continue at regular public schools.
The major issue before the superior court and this court on appeal is centered on the superior court’s property division. Vida Hinchey brought no assets to the marriage. Alagco was Ken Hinchey’s separate property at the time of the marriage; estimates of Alagco’s value in 1967 ranged from $800,000 to $1,600,000. A special master was appointed to determine the current assets of the parties.
The superior court determined that the increase in Alagco value was a marital asset, and that even if not, the asset should be invaded. The superior court divided the property and provided for support as follows: Vida Hinchey was awarded $2,500 per month support until she remarries or reaches 60; $1,000 per month if 60 and not remarried; $25,000 per year from the Al-agco contract salary, starting in 1978 through 1983
(see
n. 25
infra);
$200,000 from the Alagco contract balloon payment in 1984 (see n. 24 infra); the parties’ Hill-crest home, subject to its mortgage; $5,000 for repair of Hillcrest home; $6,000 for purchase of a car; $25,000 for attorney’s fees; $2,500 for Jeffrey’s dental work; $2,238 for payment to the special master; and $4,000 for past support owed. Ken Hinchey was awarded all of the stock and assets of AMEL; all of the stock of Alaska Glacier, Inc.; the Alagco salary payments remaining after payment of the support ordered by the superior court; and the Al-agco contract payments after deduction of the $25,000 annual award to Vida Hinchey for the period 1979-1983 and after deduction of Vida’s $200,000 from the 1984 balloon payment. In addition, Ken Hinchey was ordered to pay $350 per month child support for Clark, until age 23, or as long as he is dependent, and $250 per month each for Matthew and Jeffrey, through age 19, and $150 per month each through age 23, if they are full-time students.
This appeal followed.
Before addressing the property division issues, we turn first to the other issues which Ken Hinchey has raised in this appeal.
I.
IS THE SUPERIOR COURT’S ORDER REQUIRING KEN HINCHEY TO PAY SUPPORT BEYOND THE AGES OF MINORITY OF HIS CHILDREN, IF THEY WERE ENROLLED IN SCHOOL, ERRONEOUS?
As indicated previously, the superior court ordered Ken Hinchey to pay $150 per month for Matthew and Jeffrey from age 19 through age 23 as long as they are full-time students. Ken Hinchey argues that support beyond age 19 is prohibited by Alaska’s age of majority statute.
We
think appellant’s reliance is misplaced. AS 09.55.210, which provides child support, states in pertinent part that:
In a judgment in an action for divorce or action declaring a marriage void or at any time after judgment, the court may provide
(2) for the payment by either or both parties of an amount of money or goods, in gross or installments, as may be just and proper for the parties to contribute toward the nurture and education of their children ....
In our view, that part of AS 09.55.210 which provides that the parties may be ordered to provide for the “nurture and education of their children” is controlling. It is of particular significance that the statute was not drafted to read “nurture and education of minor children” for then post-majority support would be clearly prohibited. Lacking such an express limitation, we think the term “children,” in the context employed, is ambiguous and thus subject to judicial construction.
Other Alaska statutes pertaining to custody of children specify whether they are applicable to minor children. AS 09.55.205 provides, in part, that “[T]he court may ... make an order for the custody of or visitation with the minor child... . ” Similarly, AS 09.55.200 authorizes the court, during the pendency of the action, to enter orders “for the care, custody, and maintenance of the minor children of the marriage.... ” We conclude that a reasonable construction of AS 09.55.210 allows for the continuation of educational support of children beyond the age of majority.
This conclusion is supported by the decision in
French v. French,
117 N.H. 696, 378 A.2d 1127 (1977). The New Hampshire court ordered the college fees paid for two children after they had reached the age of majority. The New Hampshire court reasoned that the word “minor” did not appear in the custody and support statute, and that the legislature would have included “minor” if it had intended to limit support to minor children. An extensive discussion of this question is contained in
Childers v. Childers,
89 Wash.2d 592, 575 P.2d 201 (1978).
There the applicable Washington statute required parents to support “dependent children to whom a duty of support is owed.” This was a departure from the predecessor statute which provided support for minor children. The Washington court concluded that the children involved were dependent and were owed a duty of support for education if their parents could reasonably afford it, and under the facts of the case ordered post-majority educational support for the minor children.
We therefore conclude that the superior court did not err in ordering Ken Hinchey to.pay $150 per month to both Matthew and Jeffrey from age 19 to age 23 if they are full-time students.
II.
DID THE SUPERIOR COURT ERR IN ITS DENIAL OF KEN HINCHEY’S MOTION FOR APPOINTMENT OF A GUARDIAN AD LITEM?
The superior court is authorized by the provisions of AS 09.65.130 to appoint a guardian ad litem to represent a minor child.
In
Lacy v. Lacy,
553 P.2d 928, 930 (Alaska 1976), we said:
Under AS 09.65.130(a) the superior court is vested with discretion to appoint a guardian ad litem. Further, this court has suggested that in custody proceedings a guardian ad litem should be appointed when appointment would substantially enhance the likelihood that the ‘... individual needs and interests of the children would be adequately represented.’ The decision whether to appoint a guardian ad litem would appear to depend in large measure on the age of the children and the nature of the claim being advanced by the parent or parents, [footnotes omitted]
Of further relevance is
Veazey v. Veazey,
560 P.2d 382, 385 (Alaska 1977), where we stated:
[T]here will be many custody cases in which a guardian will not be needed, and in such cases neither the statute, the court rules, nor our decisions compel the court to waste its time and money, as well as that of the parties and counsel, in employing one.
At trial, counsel for Vida Hinchey made the statement that “there is no issue with respect to the custody of the one minor child Clark_” Counsel for Ken Hinchey did not take issue with this statement.
There was no evidence that Clark Errol was not receiving proper care or that his condition would improve if custody were to be changed. Vida Hinchey testified that she understood that it was important for children with learning disabilities to feel loved and wanted, and that she had done this for
Clark.
The superior court denied the motion for appointment of a guardian ad li-tem, stating:
I’ll deny the motion to appoint a guardian ad litem. I find that it’s untimely and further there’s been nothing raised thus far which would alert me to a problem which I believe would — that requires the protection that a guardian ad litem provides.
Based on the foregoing, we hold that the superior court did not abuse its discretion in denying Ken Hinchey’s motion for appointment of a guardian ad litem for the parties’ minor child.
III.
DID SERIOUS AND PREJUDICIAL IRREGULARITIES OCCUR WHICH PREVENTED KEN HINCHEY FROM OBTAINING A FAIR TRIAL ON THE MERITS?
Essentially, five arguments are advanced in support of this specification of error. Since we have concluded that each is lacking in merit, they will receive truncated treatment.
A.
Withdrawal of $25,843.50 from the Alaska Mutual Savings Bank.
Ken Hinchey contends that he was seriously prejudiced by the actions of his trial counsel who apparently cooperated in obtaining a confession of judgment from him in contravention of the superior court’s order. However, the fact that the funds were withdrawn was not known by the superior court until after the judgment in the case at bar had been entered. Therefore, the alleged misconduct of Ken Hin-chey’s trial counsel could not have affected the trial or the superior court’s judgment.
B.
Failure of Defendant Ken Hinchey to Testify.
At the time that Mr. Hinchey was scheduled to testify, his counsel stated:
Your Honor, I — I have been struggling with the problem of my client’s health and I have discussed the matter with him as to whether or not he feels well enough to attend. He does not want the matter to come to a close, he feels it has to be resolved for his and for Mrs. Hinchey’s sake. And we do not feel that he could add any more to I think what the court has before it. If the court wishes his presence for information that the court may feel is needed, I’ll be glad to — to bring him in. But as it is right now I don’t think that it would — it would profit the court.
Mr. Hinchey has produced no evidence showing that he was induced not to testify; on the contrary, he participated in making the decision. Further, Mr. Hinchey cites no authority for the proposition that he is entitled to a new trial because of his attorney’s mistake in not having him testify. Thus, we find this point without merit.
C.Trial Counsel’s Fatigue and Lack of Preparation.
Ken Hinchey asserts that the superi- or court erred in not granting a new trial based on the affidavit of his trial counsel, Mr. Edmond Rice, that Mr. Rice was fatigued and not prepared for trial. This argument was not raised until after the trial was over. At the outset of the trial, the superior court questioned respective trial counsel as follows:
THE COURT: This is the time set for trial in ease number 76-889, Hinchey versus Hinchey. Mr. Palmier, is the plaintiff ready to proceed?
MR. PALMIER: Ready for the plaintiff, Your Honor.
THE COURT: And Mr. Rice for the defendant?
MR. RICE: I’m ready, Your Honor.
Ken Hinchey’s trial counsel made no motion for continuance and failed to raise the issue before the superior court. We therefore decline to address the question in this appeal.
D.
Proceeding Without the Superior Court Files.
During the course of the trial, it was discovered that the superior court file was missing.
Vida Hinchey’s counsel offered assistance in reconstructing the file, if necessary, and the superior court also agreed to reconstruct the record if it became necessary to do so. Ken Hinchey’s counsel made no objection to proceeding with the trial without the court file. Given this circumstance, we do not consider the question to be properly before us.
E.
Objections to Master’s Report.
Ken Hinchey contends that the superior court erred in not holding a hearing on his “Objections to Master’s Report.” However, Alaska Rule of Civil Procedure 53(d)(2) provides:
In an action to be tried without a jury the court shall accept the master’s findings of fact unless clearly erroneous. Within 10 days after being served with notice of the filing of the report any party may serve written objections thereto upon the other parties. Application to the court for action upon the report and upon objections thereto shall be by motion and upon notice as prescribed in Rule 6(d). The court after hearing may adopt the report or may modify it or may reject it in whole or in part or may receive further evidence or may recommit it with instructions.
The record shows that Ken Hinchey did not file a motion for a hearing on his objections to the master’s report. Since Mr. Hinchey failed to make a proper record before the superior court, the point is not properly before us.
IV.
DID THE SUPERIOR COURT ABUSE ITS DISCRETION IN ITS PROPERTY DIVISION?
A.
Did the Superior Court Err in Awarding Vida Hinchey Pre-coverture Property?
Ken Hinchey contends that the superior court erred in not restricting its property division to property acquired after coverture, and that the major increase in Alagco’s value at the time of sale in 1974 was due to appreciation of Ken Hinchey’s pre-coverture investment in the company, and thus not subject to division. In this regard, he attempts to analogize Alaska marital property to community property. He argues that in California, a community property state, appreciation of property owned prior to marriage remains separate property for purposes of a divorce settlement, if the increase in value is a result of capital rather than services of the spouse. His conclusion is that any increase in value of Alagco resulted from appreciation of the precoverture capital, and is therefore his “separate property.”
We think AS 09.55.210 is dispositive of this contention. This statute provides, in part, that “the court, in making the division, may invade the property of either spouse acquired before marriage when the balancing of the equities requires it.... ” Thus, the superior court may invade a premarital asset in the interest of equity.
In its initial findings of fact, the superior court determined that the Alagco contract was a marital asset.
The court further stated:
The Court further finds that the majority of the increase in the value of the business known as ALAGCO occurred during the course of the marriage and is thus a marital asset. The court specifically adopts the Master’s Findings and position and the position espoused by Plaintiff in this regard and specifically finds that even if he were to reject the Master’s Position and adopt the position espoused by the Defendant in his trial brief, the Court nevertheless would invade the assets of the Defendant as here-inbefore and hereinafter stated.
Based on the foregoing, we conclude that Mr. Hinchey’s argument that the Alagco contract was a pre-marital asset is not germane to this appeal, as the superior court was empowered to reach the subject asset in the interest of equity whether or not it was acquired prior to the parties’ marriage.
B.
Did the Superior Court Err in its Property
Division?
This is the major issue in this case. Our standard of review in these matters was set forth in
Crume v. Crume,
378 P.2d 183, 186 (Alaska 1963). There we stated:
[Wjith respect to the judicial division of the property in this case, that is a matter left by statute to the broad discretion of the trial court and will not be disturbed on appeal unless an abuse of such discretion is shown. To establish an abuse of discretion the aggrieved party must show that the property division was clearly unjust. [footnotes omitted]
In reaching its rulings concerning property divisions, the trial court should apply the following factors, which were first articulated in
Merrill v. Merrill,
368 P.2d 546, 547-48 n. 4 (Alaska 1962):
[T]he respective ages of the parties; their earning ability; the duration and conduct of each during the marriage; their station in life, the circumstances and necessities of each; their health and physical condition; their financial circumstances,
including the time and manner of acquisition of the property in question, its value at the time and its income producing capacity if any. [footnotes omitted]
With these criteria in mind, we turn to the merits of the property division specification of error. Initially, we list the assets, their valuation, and their division, according to the findings and judgment of the superi- or court:
Assets Value Ken Vida Hinchey Hinchey share share
Hillcrest home
62,458 -0- 62,458
Lakeside house receivable
39,000 20,400 18,600
Insurance 9,094 9,094 -0-
Attorney fee refund 4,541 Glacier Pilot dividend 1,000 4,541 -0-1,000 -0-
5000 shares Alaska Glacier stock
1
? ?
110 shares Peoples Bank & Trust 3,520 -0- 3,520
Ken Hinchey share Vida Hinchey
Alaska Railroad Industrial Park lease investment 10,000 10,000 -0-
AMEL loan 200,000 200,000 -0-
Alagco - contract payments
1,781,111 1,581,111 200,000
Alagco - salary
350,000 200,000 150,000
Subtotal 2,460,724 2,026,146 434,578
Liabilities
Attorney’s fees
(25,000) (15,000) (10,000)
Dental work
( 2,500) -0- ( 2,500)
Master’s fee
( 2,238) -0- ( 2,238)
Back taxes
(40,000) (40,000) -0-
Total Liabilities (69,738) (55,000) (14,738)
Second Subtotal 2,390,986 1,971,146 419,840
Transfers
Ken Hinchey to Vida Hinchey
(no effect) (15,000) 15,000
TOTAL 2,390,986 1,956,146 434,840
Ken Hinchey disputes several aspects of the valuation. He asserts that the AMEL loan and the Alaska Railroad lease investment were worthless; that the superior court erred in its valuation of the parties’ liabilities; that the Alagco contract was not properly discounted over time; and, most important, that the tax consequences of the Alagco contract were not taken into account.
As to the tax consequences, there are several conflicting statements before us. At trial, Mr. Sherwood (Ken Hinchey’s accountant) testified that the gain on the sale of Alagco was approximately 100%, with that return divided as 70% long-term capital gains and 30% short-term capital gains.' He also testified that the total tax cost of the Alagco sale had been estimated at $900,000. In an affidavit supporting Ken Hinchey’s motion for a new trial, Mr. Sherwood indicated that Ken Hinchey’s total tax liability for the years 1977 through 1984 would be $1,147,743. Ken Hinchey, in his brief, would have us add $160,000 to this figure, apparently assuming that the $1,147,743 represents the tax on the contract payments only, not on the Alagco salary component of the transaction.
Ken Hinchey presented to the trial court, in his motion for new trial, his contention that the court had not taken into account the tax consequences of the Alagco sale. The superior court rejected this; using a rate of 35% (which it estimated as the capital gains rate for state and federal taxes combined), it estimated the taxes on the 1978 payment, as an example, as follows: the $123,000 payment, together with the already-paid $38,000 advance, brings the total constructive payment to $161,200. Applying the 35% rate to this leaves over $60,000 from the $123,000 payment, of which Vida Hinchey receives $25,000 as her share. As to the separate alimony payments, the superior court noted that these would be taxable to Vida Hinchey and a deduction for Ken Hinchey. The superior court also specifically rejected Mr. Sherwood’s $1,147,743 figure, in favor of the testimony at trial that the total Alagco tax liability would be $900,000.
We begin by rejecting Ken Hinchey’s highest figure, that of $1,307,743 ($1,147,743 plus $160,000). This appears to be a patent attempt to artificially inflate the tax figure. Mr. Sherwood’s affidavit characterizes the $1,147,743 as “taxes to be paid by Mr. Hinchey for 1977 through 1984,” without limiting this sum to the Alagco contract payments.
We also decline to use the $1,147,743 figure proffered in Mr. Sherwood’s affidavit. The superior court emphasized that no attempt was made to reconcile this figure with the $900,000 figure given at trial. On appeal, appellant asserts that the discrepancy is due to the fact that the $900,000 figure for the total tax liability was calculated on the basis of joint return rates, whereas the $1,147,743 was calculated on the basis of single individual rates, applicable after the divorce.
See
IRC §§ 1(a), (c). Our own calculations indicate that this accounts for only part of the discrepancy. We can hazard a guess that the remainder of the discrepancy is due to the fact that Mr. Sherwood made his calculations without
taking into account the fact that Ken Hin-chey would get a deduction for his alimony payments (the affidavit notes that Mr. Sherwood had not been provided with a copy of the decree).
Regardless, we reject this figure.
Thus, we agree with the superior court that the $900,000 figure is appropriate.
Since no evidence indicated how this burden was to be distributed temporally, we have made the simplifying assumption that it should be calculated proportionally to that percentage of the total Alagco returns (contract payments and salary) received in a given year.
Having settled on this figure and method of distribution, we assume
arguendo
that Ken Hinchey is correct in his other claims: i. e., that the AMEL loan is worthless, that the Alaska Railroad lease is worthless, that the Alagco payments should be discounted
and that Ken Hinchey’s claim (rejected by the superior court) of increased indebtedness in back taxes and other debts is accurate. Given the foregoing, we are of the opinion that the settlement figure is not clearly unjust, as shown in the following modified table:
Assets Value Ken Hinchey’s share Vida Hinchey’s
Hillcrest home 62,458 -0-62,458
Lakeside house receivable 89,000 20,400 18,600
Insurance 9,094 9,094 _0_
Attorney fee refund 4,541 4,541 -0-
Glacier Pilot dividend 1,000 1,000 -0-
5000 shares Alaska Glacier stock ?
Assets Ken Vida Hinchey’s Hinchey’s share share
110 shares Peoples Bank & Trust 8,520 -O-8,520
Alaska Railroad Industrial Park lease investment
AMEL loan
Alagco - contract payments and salary (present discounted value) 879,103 667,590 211,513
Subtotal 998,716 702,625 296,091
Liabilities
Attorney’s fees (25,000) (15,000) (10,000)
Dental work { 2,500) -0- ( 2,500)
Master’s fee ( 2,238) -0- ( 2,238)
Back taxes (100,000) (100,000) -0-
Other debts f139.0791 f139.0791 -0-
Total Liabilities (268,817) (254,079) (14,738)
Second Subtotal 729,899 448,546 281,353
Transfers
Ken Hinchey to Vida Hinchey (no effect) (15,000) (15,000)
TOTAL 729,899 433,546 296,353
Thus, as to the property division, we will lot disturb the superior court’s determina-
Turning to the alimony order, we assess its fairness in terms of the income streams to the parties. The complicated nature of Ken Hinchey’s financial situation makes this a difficult task; but our calculations, based upon the evidence below, again lead us to conclude that the trial judge cannot be said to have abused his discretion or to have arrived at a clearly unjust conclusion. Our assessment is given in the table below:
Aside from the financial difficulties faced by Ken Hinchey in 1977, there is nothing in the award of alimony which renders the superior court’s decision clearly unjust. We note that the order did apparently take the difficulties of 1977 into account: Vida Hin-
chey’s alimony for 1977 was only $22,500 rather than the $30,000 ordered for subsequent years; the award for back payments of interim support was limited to $4,000, although the court specifically found that the arrearages were substantially more; and the court apparently agreed with the Master that the sale of the Lakeside home should furnish sufficient proceeds to enable Ken Hinchey to deal with some of the pressing debts.
Thus, we find no abuse of discretion in either the property division or the alimony award. As such, we affirm the superior court’s judgment in these respects.
As we have reviewed all of appellant’s points and find them to be without merit, the judgment of the superior court is affirmed.
CONNOR, BOOCHEVER and BURKE, JJ., not participating.