In Re the Marriage of Altergott

259 S.W.3d 608, 2008 Mo. App. LEXIS 1048, 2008 WL 3000831
CourtMissouri Court of Appeals
DecidedAugust 6, 2008
DocketSD 28579
StatusPublished
Cited by9 cases

This text of 259 S.W.3d 608 (In Re the Marriage of Altergott) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In Re the Marriage of Altergott, 259 S.W.3d 608, 2008 Mo. App. LEXIS 1048, 2008 WL 3000831 (Mo. Ct. App. 2008).

Opinion

GARYW. LYNCH, Chief Judge.

John Henry Altergott, III (“Husband”) appeals from the judgment of the trial court dissolving his marriage to Valerie Anne Altergott (“Wife”). Husband asserts five points on appeal. 1 First, Husband contends the trial court’s finding that the parties’ home is the non-marital property of Wife is against the weight of the evidence. Second, Husband contends the trial court erroneously applied the law in finding a $40,000.00 marital interest in the home, and that this finding is against the weight of the evidence. Third, Husband contends the trial court’s finding of the value of Wife’s realty business is against the weight of the evidence. Fourth, Husband contends the trial court erred in distributing the parties’ debts in that it failed to consider Wife’s pre-marital credit card debt. Fifth, Husband contends the trial court’s failure to require Wife to reimburse Husband for financial assistance Husband paid to Wife during the pending dissolution action is against the weight of the evidence. We affirm the trial court’s judgment.

Factual and Procedural Background

Wife moved from Kansas City, Missouri to the Lake of the Ozarks in March of 1999 to assist her brother in the operation of his lakefront complex containing a restaurant, nightclub, convenience store, and gas station. Wife was offered a twenty percent ownership interest in her brother’s company for agreeing to move to the lake and *612 manage the operation through the week, as her brother was only able to be there on weekends. Her initial position with the company when she moved to the lake was general manager and vice president. Wife also became the designated broker for her brother’s real estate company, as she had been a licensed real estate agent for about seven years.

Wife hired Husband as the restaurant manager for the business, and they became romantically involved in the spring of 1999.In May, Wife moved into a house at the lake that she and her sister and brother-in-law had constructed together. At that time, Husband was living with his parents, and Wife invited him to move in with her. The house was not intended to be a full-time residence; it was intended to be a lake home for Wife to share with her sister and brother-in-law. So, Wife began looking to buy a home in the summer of 1999, once she decided to permanently reside at the lake. Husband assisted her in looking for a home.

Wife entered into a contract for the purchase of a home for $145,000.00 in December of 1999. The total purchase price of the home, with settlement charges, was $147,974.83. Wife paid $17,124.88 in cash and financed the remaining balance with two promissory notes; one for $116,000.00, and one for $14,500.00. Although Husband moved into the house with Wife, the property was conveyed individually to Wife, and she was the only person who signed the two promissory notes and deeds of trust. Wife made the first three mortgage payments on the home without any financial assistance from Husband.

Shortly after buying the house, Wife furnished it by purchasing various pieces of furniture, appliances, and electronics on credit. Husband did not contribute to the purchase of any of those items. Wife never asked Husband to reimburse her for these items, the down payment on the house, or the mortgage payments.

In March of 2000, Husband had quit managing the restaurant and began selling computers. Wife and Husband opened a joint checking account and agreed to each contribute $1,000.00 per month for living expenses. Wife always contributed $1,000.00 per month; Husband did not. Wife used this joint account to pay for the couple’s various expenses, including the mortgage payment on the home, utilities, groceries, and Husband’s student loan and cell phone service. Wife testified at trial that in most months, the money in their joint account was not enough to cover all of their bills.

Husband proposed to Wife in August of 2000, and they were married on February 17, 2001. Their daughter was born in November of 2002.

The couple made numerous improvements to the home both before and during the marriage. Husband did not make any direct monetary contributions toward the improvements, but he estimated he contributed approximately 245 hours of his labor toward the improvements during the marriage. Wife estimated that approximately $40,000.00 was spent on improvements to the home during the marriage.

Wife refinanced the home in August of 2001. At that time, she borrowed an additional $20,634.00 which was used to pay for a portion of the cost of the home improvements. Wife was the only person who signed the promissory note, in the amount of $152,500.00, and the deed of trust. This note was subsequently refinanced by Wife in January 2005 for the sole purpose of obtaining a better interest rate. The total payoff at that time was $151,000.00. Again, Wife was the only person who signed the promissory note and deed of trust.

*613 At the time of the marriage, Wife had credit card debt of approximately $15,721.00. Of this amount, $8,000.00 was for charges incurred for the parties’ wedding and honeymoon. Husband entered the marriage with a student loan and a debt to his parents evidenced by a promissory note. By August of 2001, Wife’s credit card debt and the debt to Husband’s parents had been completely paid by the parties. However, the parties incurred credit card debt together during the marriage totaling $40,408.00.

In April of 2005, Wife’s relationship with her brother had deteriorated, and she ceased working for him in all respects. Her interest of 100 shares in her brother’s company was bought back from her for $1.00 per share. Two months later, Wife formed with another person an LLC known as Lake Premier Realty. This company is owned equally by Wife and the other member of the LLC. Wife initially invested $40,000.00 into the company, and her partner invested $20,000.00. Wife borrowed $20,000.00 of her initial investment by taking out a loan against one of her six rental properties she had acquired in Kansas City before she moved to the lake in 1999. Lake Premier Realty incurred a loss of $29,571.00 in 2005. In 2006, the company had a net income of $1,712.33. At the time of trial, Wife estimated that her interest in the company was worth $7,500.00.

Wife and Husband initially separated in December of 2005. After a brief reconciliation, they separated permanently in January of 2006. Husband testified at trial that during the parties’ periods of separation up until trial, he had paid to Wife a total of $13,961.00, for both temporary child support and reduction of the parties’ credit card debt. Husband requested that the trial court award him half of that amount. The trial court entered its Judgment Entry and Decree of Dissolution on February 21, 2007. Husband appeals.

Standard of Review

“In a dissolution proceeding, this Court must affirm the trial court’s decree of dissolution unless there is no substantial evidence to support it, unless it is against the weight of the evidence, or unless it erroneously declares or applies the law.” Holman v. Holman, 228 S.W.3d 628, 631 (Mo.App.2007).

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Cite This Page — Counsel Stack

Bluebook (online)
259 S.W.3d 608, 2008 Mo. App. LEXIS 1048, 2008 WL 3000831, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-marriage-of-altergott-moctapp-2008.