In Re the Marriage of Cooper

225 N.W.2d 915, 1975 Iowa Sup. LEXIS 927
CourtSupreme Court of Iowa
DecidedFebruary 19, 1975
Docket55958
StatusPublished
Cited by19 cases

This text of 225 N.W.2d 915 (In Re the Marriage of Cooper) is published on Counsel Stack Legal Research, covering Supreme Court 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 the Marriage of Cooper, 225 N.W.2d 915, 1975 Iowa Sup. LEXIS 927 (iowa 1975).

Opinion

MASON, Justice.

Mary A. Cooper, respondent-wife, appeals and Dale R. Cooper, petitioner-husband, cross-appeals from that portion of the trial court’s decree in a dissolution of marriage proceedings dealing with the division of the *917 assets of the parties. The issue presented for review is whether the property division, alimony and child support provisions of the decree are just.

The parties were married March 4, 1945, in Des Moines. Four children, three daughters and one son, were born of this marriage. The youngest, Cynthia Ann, was still living at home at the time of the dissolution hearing.

At the time of their marriage, Dale and Mary had little or nothing in the way of assets. Through the diligent work of both, the parties had acquired assets which the court valued at $270,000.00 free and clear of indebtedness. Among these assets are included two grain elevators (Cooper’s Mill and Ericson Elevator), two homes, a farm, a Pontiac LeMans automobile, stocks and bonds, cash savings, and various furniture and fixtures.

Dale and Mary have known each other since the third grade. After their marriage both worked various jobs. Several homes were owned and later sold to make other purchases. In 1956, they sold their home at a $10,000 profit in order to purchase what is now Cooper’s Mill. Much of the interior work on this home was done by Mary. At this time they purchased an old home in Ames on which the parties did substantial work. In 1961 the Ericson Elevator was purchased.

In 1960 the parties built a $46,000 home in Timberline Heights in Ames, which Mary apparently still occupies.

The two eldest daughters of the parties had received college educations costing approximately $12,000 each. At trial Dale testified he felt a moral obligation to invest $12,000 on the educations of each of his two remaining children, or, if they chose not to attend college, to pay them each this amount.

For a short period of time Mary sold real estate in the Ames area, a business which Dale entered on a part-time basis. She made up to $5,000 in one year. Mary voluntarily terminated this employment in November 1969.

In any event, the marriage relationship broke down to the extent the parties have been separated since October 1967.

After their separation, the parties purchased what is known as the Jacobson farm in which Mary invested $4,000. Mary testified she has received no income from this farm.

Mary testified that as a result of bearing the four children she has varicose veins which at one time were stripped but returned during her fourth pregnancy. She also stated she had arthritis of the spine and that a doctor informed her of a potential for diabetes.

The trial court awarded Mary the Ames residence occupied by her, all stocks and bonds except as to Cooper’s Mill, household items, the automobile encumbered with a $1,200 debt, all cash in Mary’s name, an $11,000 interest in the farm, subject to an option to purchase on the part of Dale, alimony of $200 per month and $150 child support per month until the parties’ minor daughter reaches majority. Dale was also ordered to pay all real estate taxes and $2500 for Mary’s attorney fees. The trial court retained jurisdiction over the question of Cynthia Ann’s college education. Dale received Cooper’s Mill, the Ericson Elevator, his residence in Ames, certain life insurance policies and the farm machinery. He was ordered to pay all debts except the $1200 owed on Mary’s car and was enjoined from selling the elevators without Mary’s permission or a renewal of the mortgage at the Union Story Trust and Savings Bank.

I. Dale and Mary dispute the valuation placed upon the two grain elevators located in Ames. The elevator known as Cooper’s Mill is an old and outdated building located in the center of Ames. A witness for Dale’s case stated the land might be worth more without the elevator structure than with it.

As to the Ericson Elevator, this witness testified the building was “way too small.” Dale valued Cooper’s Mill at $174,000 which *918 includes assets and liabilities and the Ericson Elevator at a negative $70,000. Dale offered to pay his wife or her appraisers $70,000 to take the Ericson Elevator off his hands if they would assume the liabilities thereon and the mortgage on Cooper’s Mill.

Mary’s two appraisal witnesses agreed the fair valuation of Cooper’s Mill to be $235,325.73 and of the Ericson Elevator to be $60,428.63. The latter evaluation was based on the elevator’s “self-admitted depreciation schedule” and there was no on-the-scene inspection.

Dale points out the figure arrived at by the trial court appears to be the median between the two contended evaluations. However, his argument seems to be that the $270,000 evaluation was for the mills only, which is not the case. This figure included all the parties’ assets minus indebtedness. Due to the extent of assets in addition to the elevators, one could infer the trial court valued the elevators close to what Dale did. However, there is no breakdown of the value of each asset.

As this is an equity case, review is de novo. “Review of a decree granting dissolution of marriage, determining property rights and ordering alimony payments is de novo. It is our duty to examine the whole record and adjudicate rights anew on those propositions properly presented, provided issue has been raised and error, if any, is preserved in the course of the trial proceedings; while we give weight to the findings of the trial court, we will not abdicate our function as trier de novo on appeal. * * * [citing authority].” In re Marriage of Novak, 220 N.W.2d 592, 597 (Iowa 1974).

The trial court found there was $57,200 indebtedness on the parties’ assets and concluded the net value after these debts to be $270,000. This included the grain elevators, two homes, one of which that had cost $46,000 to $47,000 to build some ten years earlier, a farm, some storage bin property, and the cash value of life insurance policies, plus other less substantial items.

The facts disclose Mary contributed heavily in the acquisition of these assets in addition to her duties as a wife and mother. When not working at various jobs, she performed labor on the couples’ several houses and worked with her husband on their business enterprises.

Dale complains his wife received most of the liquid assets whereas he received two debt ridden, obsolete grain elevators requiring several thousand dollars of modernization work. Although not required by the decree, Dale feels he must expend $24,000 on the college educations of his two remaining children, even though it appears from the appendix the parties’ son, nineteen years old at the time of the hearing, did not intend to go on to college. On the other hand, Dale’s income is shown to be substantial. On cross-examination Dale admitted that on income tax returns for Cooper’s Mill for the years 1966 through 1970 he had reported on the average a combination of salary paid to him and retained earnings in excess of $31,000.

From the property division it appears the only assets easily transferable from Dale to Mary would be certain life insurance policies which have a total maturity value of $96,000.

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Bluebook (online)
225 N.W.2d 915, 1975 Iowa Sup. LEXIS 927, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-marriage-of-cooper-iowa-1975.