Richards v. Richards

888 A.2d 364, 166 Md. App. 263, 2005 Md. App. LEXIS 304
CourtCourt of Special Appeals of Maryland
DecidedDecember 22, 2005
Docket00491, September Term, 2004
StatusPublished
Cited by7 cases

This text of 888 A.2d 364 (Richards v. Richards) is published on Counsel Stack Legal Research, covering Court of Special Appeals of Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Richards v. Richards, 888 A.2d 364, 166 Md. App. 263, 2005 Md. App. LEXIS 304 (Md. Ct. App. 2005).

Opinion

SHARER, J.

The parties to this appeal were divorced by judgment of the Circuit Court for Montgomery County, granted on the counter complaint of appellee, Donna Richards, filed in response to the complaint of appellant, John Richards. Aggrieved at the financial aspects of the judgment, John Richards has noted this appeal.

Appellant has presented for our review three assignments of error, which, as recast, are:

I. Whether the circuit court erred in its determination of the monetary award.
II. Whether the circuit court erred in reserving alimony.
III. Whether the circuit court erred in its award of counsel fees to appellee.

Finding neither error nor abuse of discretion, we shall affirm the judgment of the circuit court.

FACTUAL BACKGROUND

The Parties

Appellant and appellee were married on September 21, 1986. The judgment of divorce was entered on April 14, 2004. No children were born of the marriage.

During the marriage, John Richards was employed by the federal government, earning, at the time of this litigation, approximately $100,000 per year. His health is unremarkable. Donna Richards, 60 years of age at the time of trial, also worked for the federal government during the marriage. Her health, in contrast to appellant’s, is fragile. In April 1990, she suffered an on-the-job injury and has been rated as disabled. In addition to her physical disability, she has a history of *268 emotional instability. Unable to work since the injury, she receives benefits from Social Security, private disability insurance, 1 and worker’s compensation. She is eligible to receive Federal Employees’ Retirement System (FERS) benefits. The current benefits provide her with a total monthly income of approximately $3,000.

The Property

Mrs. Goldberg

This litigation brings into play certain property and assets of appellee’s mother, Celia Goldberg. In 1994, Mrs. Goldberg established a revocable trust into which she placed most of her assets. Donna Richards is a co-trustee. Mrs. Goldberg also established two bank accounts: an interest-bearing checking account at the Bank of America in Florida, and a savings account at the Torrington Savings Bank in Connecticut. In creating the accounts, Mrs. Goldberg named both John and Donna Richards as joint tenants with rights of survivorship. 2

In 1998, Mrs. Goldberg entered an assisted living home. As her health deteriorated, appellant and appellee assumed a larger role in managing her financial affairs. In 1998, they consolidated her various banking and brokerage accounts, held in the trust, into one Schwab One Account. Appellee, as co-trustee, had check signing authority over this account. During Mrs. Goldberg’s lifetime, checks were made payable to appellant on various occasions from the account. 3 Many checks *269 from that account, payable to John Richards, were deposited into the parties’ joint checking account.

Mrs. Goldberg died in 2000. In accord with her will, Donna Richards qualified as the executor. By way of disposition, the will created a testamentary trust, of which Donna Richards and her brother, Mrs. Goldberg’s only other heir, were named as co-trustees. The will was silent as to John Richards. Her United States Estate Tax return designated as “joint” the two bank accounts as to which appellant and appellee were the survivors.

Appellant states in his brief that, during the marriage, he and appellee “co-mingled and merged all of their financial assets so that most of the assets were joint.” Appellee concedes the point and further claims that appellant “wielded total control” over the parties’ finances.

Shortly after the death of Mrs. Goldberg, the parties opened a joint Schwab One Account with the rights of survivorship. The initial deposit of $110,000 was made with funds from Mrs. Goldberg’s Bank of America and Torrington accounts (respectively, $85,000 and $25,000). On the same day, appellee opened an individual Schwab One Account. Her initial deposit of $34,838.63 came from inherited funds. Appellee designated appellant as her attorney in fact with authority to draw from the account. On numerous occasions, checks payable to appellant were drawn on the account.

In 2001, the parties purchased real estate in Reno, Nevada, the source of funds being the joint Schwab One Account. Appellant testified that those funds came through Mrs. Goldberg’s estate. Appellant also claims that he contributed $40,232.40 from his premarital Schwab Account into the joint account. The circuit court determined the Nevada property to be marital.

*270 In 2002, appellant removed about $100,000 from the joint Schwab One Account — one-half of the account balance at the time. At the time of trial, appellant had approximately $30,000 of that amount remaining in his individual Schwab One Account. The circuit court found those funds to be appellee’s non-marital property.

We shall address additional facts as necessary for context.

PROCEDURAL HISTORY

Suit was filed by appellant on February 6, 2003. Appellee filed a counter-complaint for absolute divorce, seeking alimony, a monetary award, and other relief, including counsel fees. Soon thereafter, the parties filed a joint statement concerning marital property, pursuant to Md. Rule 9-207.

Trial was held on March 29 and 30, 2004, and judgment was entered on April 14, 2004. Relevant to the issues in this appeal, the court ordered:

ORDERED that [appellee’s] request for an award of alimony is hereby reserved, and it is further,
ORDERED that the real property located in Reno, Nevada is determined to be marital property, and said property shall be sold and the net proceeds of sale divided equally between the parties, and it is further,
* * *
ORDERED that [appellant] shall pay to [appellee] the sum of $105,000 as an adjustment of the equities of the parties in the Reno, Nevada real property, and it is further,
ORDERED that the Schwab One account titled in [appellant’s] name is determined to be [appellee’s] non-marital property, with a value of $30,000, and it is further,
ORDERED that a monetary award is hereby granted in favor of [appellee], and against [appellant] in the amount of $207,290 as an adjustment of the equities of the parties in *271 and to the marital property listed on Schedule A, the Reno, Nevada real property, and the Schwab One account, and it is further,
ORDERED that a judgment is hereby entered in favor of [appellee] and against [appellant] in the amount of $207,290, and it is further,

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Cite This Page — Counsel Stack

Bluebook (online)
888 A.2d 364, 166 Md. App. 263, 2005 Md. App. LEXIS 304, Counsel Stack Legal Research, https://law.counselstack.com/opinion/richards-v-richards-mdctspecapp-2005.