In re Marriage of Williams

CourtCourt of Appeals of Iowa
DecidedOctober 16, 2024
Docket23-1544
StatusPublished

This text of In re Marriage of Williams (In re Marriage of Williams) is published on Counsel Stack Legal Research, covering Court of Appeals of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re Marriage of Williams, (iowactapp 2024).

Opinion

IN THE COURT OF APPEALS OF IOWA

No. 23-1544 Filed October 16, 2024

IN RE THE MARRIAGE OF BEVERLY BEHARY WILLIAMS AND RONALD CHRISTOPHER WILLIAMS

Upon the Petition of BEVERLY BEHARY WILLIAMS, Petitioner-Appellee,

And Concerning RONALD CHRISTOPHER WILLIAMS, Respondent-Appellant. ________________________________________________________________

Appeal from the Iowa District Court for Story County, James C. Ellefson,

Judge.

Ronald Christopher Williams appeals the economic provisions of the decree

dissolving his marriage to Beverly Behary Williams. AFFIRMED AND

REMANDED.

Andrew B. Howie, Shindler, Anderson, Goplerud & Weese, P.C., West Des

Moines, for appellant.

Brian J. Humke and Logan J. Eliasen of Nyemaster Goode, P.C., Ames, for

appellee.

Considered by Ahlers, P.J., and Chicchelly and Buller, JJ. 2

CHICCHELLY, Judge.

Ronald Christopher Williams (Chris) appeals the economic provisions of the

decree dissolving his marriage to Beverly Behary Williams (Beverly). He contends

the property distribution and spousal support are inequitable. Upon our review, we

find the trial court’s order is equitable in regard to both provisions.

I. Background Facts and Proceedings.

Chris and Beverly were married on May 3, 1997. They share two children:

J.W., born in 2005; and G.W., born in 2007. In late 2021, Beverly petitioned for

dissolution. While the parties stipulated to most of their dissolution provisions, they

could not agree on property distribution or spousal support.

Throughout most of their marriage, the couple largely focused on Chris’s

career. Chris moved states multiple times for job opportunities, and Beverly

followed him. Chris eventually got a professorship at Iowa State University, and

the couple settled in Ames, Iowa, where they remained until the end of the

marriage. Beverly testified that as a result of the relocations, there were times she

took extended breaks from the workforce because her pharmacy license was

state-specific. When she did work, it was often part-time because she provided

most of the childcare. But in early 2020, Beverly started working full-time at the

Iowa State University Lloyd Veterinary Hospital. She testified that she loves her

job and plans to stay there until her retirement at sixty-five.

After considering the circumstances of their marriage, the court awarded

Beverly $2500 per month in traditional spousal support to “allow her to live at

approximately the standard of living the parties enjoyed before the dissolution.” It 3

based its determination primarily on the parties’ disparate incomes, their respective

contributions to the marriage, and the twenty-six years they were married.

But the property distribution was more complicated. The most substantial

dispute at trial was the valuation of Chris’s interest in SoyLei. SoyLei is a start-up

created in June 2020 that licenses technology patented by Iowa State University.

Chris, as one of six people who established the company, owns a sixteen percent

interest, which is held in a limited-liability company, Polybit Unlimited LLC. After

its creation, SoyLei entered into an exclusive licensing agreement with

ColorBiotics. This contract “ha[d] not panned out” as expected, and by trial in

August 2023, SoyLei had made no sales that year. But nonetheless, 2023 was

still a formative year for the company. The ColorBiotics contract ended that

September, with no plans to renew. SoyLei also began product development on

a new asphalt technology, and it received a United States Department of

Agriculture grant for $4,974,327. Half of the grant funding was slated for the two

supporting universities, Iowa State University and Auburn University, while the rest

was for SoyLei personnel, materials, and equipment. SoyLei also secured

financing from Availa Bank for $1,500,000 and from First National Bank

for $400,000.

Because the parties could not agree on the approximate value of Chris’s

interest in SoyLei, they each retained their own experts to complete an estimate.

Chris retained Zach Eubank, an expert in business appraisals, who valued a 1/6th

interest in the company at approximately $12,000 rounded. Eubank testified that

this figure was based primarily on historic revenues since the company’s inception.

Chris then testified, disagreeing with his own expert and valuing his interest at 4

$64,773.1 Beverly’s business-appraisal expert, Brian Crotty, valued Chris’s SoyLei

interest at $1,171,464. Crotty further criticized Eubank’s valuation, explaining that

analyzing SoyLei’s past revenues was “a waste of time.” Because the figures were

based on the ColorBiotics contract, which “is not likely to continue or be renewed,”

the valuation was already outdated. Instead, Crotty focused on the recent changes

within the company, including SoyLei’s current product development, the relatively

low royalty fees taken by Iowa State University compared to the industry market,

its substantial financial backing, and especially its receipt of the USDA grant. The

court found Crotty more credible, valued Chris’s interest in SoyLei at $900,000,2

and included it as part of the marital property distributions.

Chris appeals, challenging both the property-distribution and

spousal-support provisions.

II. Review.

Because dissolutions of marriage are equitable proceedings, our review is

de novo. In re Marriage of Mauer, 874 N.W.2d 103, 106 (Iowa 2016). While not

binding, “we give weight to the findings of the district court, especially to the extent

credibility determinations are involved.” Hansen, 733 N.W.2d at 690. We will only

disturb such findings if they fail “to do equity.” Mauer, 874 N.W.2d at 106.

1 While Chris does not maintain that he is an appraisal expert, a property owner is

considered “a competent witness” to testify to its market value. See In re Marriage of Hansen, 733 N.W.2d 683, 703 (Iowa 2007). 2 The court discounted Crotty’s initial valuation by twenty-four percent “to account

for the uncertainty of [financial] forecasts.” 5

III. Discussion.

Chris contends the court’s property-distribution and spousal-support

provisions are inequitable. “There are no hard and fast rules governing the

economic provisions in a dissolution action; each decision depends upon the

unique circumstances and facts relevant to each issue.” In re Marriage of Gaer,

476 N.W.2d 324, 326 (Iowa 1991). Therefore, we consider each argument in turn,

bearing in mind the specifics of the case.

A. Distribution of Property.

While Chris generally appeals the property distribution, he does not dispute

the distribution itself or that Beverly is entitled to certain marital assets. Instead,

he only challenges the court’s valuation of his interest in SoyLei and his ability to

pay the equalization payment. “Valuation is difficult and trial courts are given

considerable leeway in resolving disputes as to valuations.” In re Marriage of

Shanks,

Related

In Re the Marriage of Gaer
476 N.W.2d 324 (Supreme Court of Iowa, 1991)
In Re the Marriage of Hansen
733 N.W.2d 683 (Supreme Court of Iowa, 2007)
In re Marriage of Stenzel
908 N.W.2d 524 (Court of Appeals of Iowa, 2018)
In re the Marriage of Shanks
805 N.W.2d 175 (Court of Appeals of Iowa, 2011)

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