Madatyan v. Torosian CA2/1

CourtCalifornia Court of Appeal
DecidedFebruary 25, 2025
DocketB332420
StatusUnpublished

This text of Madatyan v. Torosian CA2/1 (Madatyan v. Torosian CA2/1) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Madatyan v. Torosian CA2/1, (Cal. Ct. App. 2025).

Opinion

Filed 2/25/25 Madatyan v. Torosian CA2/1 NOT TO BE PUBLISHED IN THE OFFICIAL REPORTS

California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SECOND APPELLATE DISTRICT

DIVISION ONE

ELDA MADATYAN, B332420

Plaintiff and Appellant, (Los Angeles County Super. Ct. No. 20STFL12033) v.

AKOP TOROSIAN,

Defendant and Respondent.

APPEAL from an order of the Superior Court of Los Angeles County, Bradley S. Phillips, Judge. Reversed. Mazur & Mazur and Janice R. Mazur for Plaintiff and Appellant. Akop Torosian, in propria persona, for Defendant and Respondent. __________________________________ As part of their divorce, appellant Elda Madatyan and respondent Akop Torosian entered into a stipulated judgment.1 In pertinent part, this stipulated judgment provided that: (1) Elda would pay Jack $2,300,000 to buy out his interest in five bakeries the couple owned; (2) while any portion of the $2,300,000 remained unpaid, Elda would pay Jack $40,000 a month as part of his share of the profits from the bakeries; (3) the parties were to sell a house known as the Rimcrest Property that was held solely in Jack’s name; and (4) after repayment of a Small Business Administration loan from the proceeds of that sale, Elda’s 50 percent share of the “net proceeds” from the sale would be given to Jack as part of the $2,300,000 Elda was to pay him. While “net proceeds” was undefined, the stipulated judgment described it as an amount “after sales costs, taxes, etc.” The issue before us is whether the term “taxes” includes capital gains taxes—in other words, whether the capital gains taxes associated with the sale were to be deducted from the gross proceeds before crediting Elda with her half of the net proceeds. In a March 2023 request for order, Jack contended that such a deduction was required; Elda disagreed. The significance of the dispute is that, if Elda was correct, by July 2022, she had paid Jack more than the $2,300,000 she owed him and thereby extinguished the obligation to continue making monthly payments of $40,000. If Jack was correct, Elda had not paid the full $2,300,000 and owed Jack not only the balance of that debt, but also the monthly $40,000 payments she had not made since July 2022.

1 Because the stipulated judgment refers to the parties as

“Elda” and “Jack,” we do the same.

2 In granting Jack’s request for order, the trial court agreed with Jack and ordered Elda to pay Jack $90,986 on the $2,300,000 debt, and an additional $440,000 for 11 months of missed $40,000 payments. We conclude the trial court erred and therefore reverse. We also deny Jack’s request that we dismiss this appeal under the disentitlement doctrine.

FACTUAL AND PROCEDURAL BACKGROUND2

A. The Court Enters a Stipulated Judgment Elda and Jack married in January 2012. In November 2020, Elda filed for divorce. In October 2021, Elda and Jack obtained a “Bifurcated Judgment of Dissolution – Status Only.” In March 2022, the parties signed a “ ‘Deal Memo’ that resolved all issues incident to this dissolution proceeding.” In June 2022, the parties agreed on a 42-page stipulated judgment contemplated in this “Deal Memo.” The stipulated judgment was intended to resolve “all present and future property rights of every kind and nature whether relating to community property, quasi-community property, or separate property, reimbursement claims, . . . and known claims either Party may have or claim to have against the other.” Section 7.1.3.1 of the stipulated judgment awarded Elda 100 percent interest in five bakeries that were previously community property. Section 7.1.3.4 provided that Elda “shall pay JACK the sum of $2,300,000 as and for a buyout of his share of the Bakeries” as a “tax free payment to JACK incident to the dissolution of marriage pursuant to Internal Revenue Code

2 We limit our summary to the facts and procedural history

relevant to the issues raised on appeal.

3 § 1041.” The section further provided that Elda “shall be entitled to receive all net profits in connection with the Bakeries except that she shall pay JACK the sum of $40,000 per month as and for his share of the earnings of the Bakeries until she pays off the $2,300,000 in its entirety as set forth herein.”3 The obligation to make $40,000 monthly payments would start in March 2022, and the payments were due on the last day of every month. Section 7.3 provided that Elda would “assume and promptly pay when due all obligations, debts and liabilities” relating to “[a]ny and all debts in connection with the Bakeries, including but not limited to, SBA Loan x900, SBA Loan x7900, SBA Loan x7901, and SBA Loan x7902” and relating to “[o]ne- half (1/2) of the SBA Loan in connection with the Gym, including any interest thereon.”4 Section 7.3.2 further provided that the Gym’s SBA loan “is to be paid from the sale of the Rimcrest Property.” Section 7.6 addressed the “Rimcrest Property,” a house held solely in Jack’s name and encumbered by a mortgage also solely in Jack’s name. The house was to be sold immediately and “[t]he net sales proceeds of the Rimcrest Property shall be awarded to JACK subject to the repayment of the SBA Loan for the Gym.” Section 7.6.6 elaborated that, after the repayment of the SBA loan, “ELDA’s community property share of the remaining net proceeds [from the] sale shall be awarded to JACK” and “applied to the $2,300,000 debt she owes JACK for his interest in the

3 Although the judgment did not expressly specify, it does

not appear that the $40,000 monthly payments would count toward the $2,300,000 payment. 4 The “Gym” was a North Hollywood business awarded

solely to Jack.

4 Bakeries.” The section then provided an example that “if the Parties realize net proceeds (after sales costs, taxes, etc.) of $1,000,000 from the sale of the Rimcrest Property and the SBA Loan for the Gym is $150,000, then the $150,000 shall be paid off first, the remaining $850,000 shall be awarded to JACK as his sole and separate property, and the $2,300,000 debt ELDA owes to JACK for his interest in the Bakeries shall be reduced by $425,000 to $1,875,000.” Section 7.6.7 added that “ELDA and JACK shall each be responsible for one-half (1/2) of any capital gains or other tax liability associated with the sale of the Rimcrest Property.” Section 7.8 addressed the “Acton Property,” a house held solely in Elda’s name. As with the Rimcrest Property, the Acton Property was to be sold immediately and the “net sales proceeds” were to be “evenly divided between ELDA and JACK” subject to certain other parties’ “documented rights to reimbursement.” Elda’s “one-half (1/2) share of the net proceeds from the sale of the Acton Property shall be paid to JACK and ELDA’s $2,300,000 payment owed to Jack for the bakeries shall be reduced accordingly.” Finally, “JACK and ELDA shall each be responsible for one-half (1/2) of any capital gains or other tax liability associated with the sale of the Acton Property.” Section 15.3 provided that “Except as otherwise set forth herein, the transfers made pursuant to this Stipulated Judgment on Reserved Issues are incident to dissolution of marriage and are made pursuant to Internal Revenue Code § 1041” and that “transfers made pursuant to Internal Revenue Code § 1041 are tax-free to ELDA and JACK.” Section 15.6 provided that “Each Party is ordered to prepare and file all federal and state income tax returns on a

5 basis consistent with the terms of this Stipulated Judgment on Reserved Issues.” The court issued the stipulated judgment in June 2022.

B.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

In Re Card
114 B.R. 226 (N.D. California, 1990)
In Re Marriage of Hargrave
36 Cal. App. 4th 1313 (California Court of Appeal, 1995)
DVD Copy Control Assn., Inc. v. Kaleidescape, Inc.
176 Cal. App. 4th 697 (California Court of Appeal, 2009)
Mendly v. County of Los Angeles
23 Cal. App. 4th 1193 (California Court of Appeal, 1994)
Jones v. Steinberger
91 Cal. App. 4th 1449 (California Court of Appeal, 2001)

Cite This Page — Counsel Stack

Bluebook (online)
Madatyan v. Torosian CA2/1, Counsel Stack Legal Research, https://law.counselstack.com/opinion/madatyan-v-torosian-ca21-calctapp-2025.