Simoni v. Simoni

657 N.E.2d 800, 102 Ohio App. 3d 628, 1995 Ohio App. LEXIS 1084
CourtOhio Court of Appeals
DecidedApril 3, 1995
DocketNo. 66995.
StatusPublished
Cited by26 cases

This text of 657 N.E.2d 800 (Simoni v. Simoni) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Simoni v. Simoni, 657 N.E.2d 800, 102 Ohio App. 3d 628, 1995 Ohio App. LEXIS 1084 (Ohio Ct. App. 1995).

Opinion

Harper, Judge.

Appellant, Frank A. Simoni, appeals from the division of marital property ordered by the Cuyahoga County Court of Common Pleas in a divorce adjudication filed by appellee, Mary Ann Simoni. For the reasons set forth below, we reverse and remand.

I

Appellant and appellee were married on November 7, 1964, and there were no children born in the marriage. At the time of the parties’ divorce, appellant was sixty-eight years old, while appellee was sixty-seven years old.

Appellee filed for a divorce on April 13, 1992, alleging incompatibility. On February 11, 1994, the trial court granted the parties a divorce. The court filed its findings of fact in relation to its distribution of property based on the evidence presented as follows.

Both parties testified that they entered into an antenuptial agreement prior to their marriage. Appellant was represented by counsel, while appellee was not so represented. Both parties testified that appellee did not fill out an asset disclosure form. At the time of their divorce, they could not locate any copies of the antenuptial agreement. 1

Appellant testified that the agreement was in his safe-deposit box and both parties had access to the box. When he went to the box to retrieve the document, it was missing. He charged that appellee was the last person to open the box before he discovered the document missing. Appellant admitted that he voluntarily transferred much of his premarital property into both of their names during the course of the marriage.

Appellee testified that appellant instructed his lawyer to destroy the document. Appellee stated that the instruction to destroy the document came when appellant asked her to cosign loans for him for use by American Commodore Tuxedo, a family-owned company in existence at the time of their marriage. She ques *631 tioned appellant’s suggestion that she sign a loan, knowing that she did not have any interest in the company. She later signed the loan. Appellee testified that she opened the safe-deposit box but only to inventory the contents. She did not find any antenuptial agreement. Appellee testified that throughout most of the marriage, she worked at American Commodore Tuxedo as a paid employee.

Dick Valore, an attorney, testified that he prepared the couple’s will and trust in 1979. He saw the antenuptial agreement, but could not recall whether the agreement addressed itself to the issue of divorce. He urged appellant to give stock of American Commodore Tuxedo to appellee and he refused. There was no mention of the antenuptial agreement in the will and trust prepared by Valore.

Dana Korosi testified that he had known the couple since 1972 or 1973, when his advertising firm did work for American Commodore Tuxedo. He also did estate planning for them in 1979. They did not, at any time, mention the existence of an antenuptial agreement. Korosi’s intake form had questions about such documents on it, but no responsive result was recorded. He testified that such information was relevant and vital to an estate plan. He directed appellant and appellee to attorney Dick Valore, who helped them prepare some legal documents.

At the conclusion of all evidence, the trial court ruled that the antenuptial agreement was rescinded, which explained why the parties were unable to produce it during the divorce proceedings. The trial court made a property division without consideration to the nonexistent antenuptial agreement.

The court found the following to be marital property and divided it as such:

Appellee was awarded $700,000 for one half the stipulated value of American Commodore Tuxedo, payable at $70,000 per year for ten years; life insurance, subject to the debt to American Commodore Tuxedo for the premium; the IRAs in the sum of $53,779; the Gobal Fund in the amount of $6,642; the marital residence with a fair market value of $180,000; $185,131 from the sale of the Gates Mills lot; a condo at Cancún, Mexico, worth $110,000; a diamond ring worth $16,000; $43,570 from the marital savings; one half of the cemetery plots worth $17,063; the American Commodore Tuxedo loan in her. name of $87,272; appellee’s profit-sharing account of $14,742; and appellant’s profit-sharing account of $103,324. Thus, the total award to appellee was $817,523 (excluding the one half stipulated value of American Commodore Tuxedo), which constituted one half of the entire marital property.

Appellant was awarded his life insurance, subject to the debt to American Commodore Tuxedo for premiums; $39,869 from the sale of the Gates Mills lot; $53,000 equity in a condominium he owns; a 1931 Ford automobile valued at $18,000; a 1957 Ford Thunderbird automobile valued at $43,000; a Strongsville *632 Partnership valued at $74,000; $23,570 of the marital savings; one half of the cemetery plots worth $17,063; the cash buyout of appellee’s life interest in a Mayfield building worth $151,000; appellant’s life interest in the Mayfield building worth $113,511; appellant’s American Commodore Tuxedo loan of $278,110 and another loan of $6,400. The total award to appellant was also $817,523.

In addition to the equal division of the marital property, the trial court made the following award of spousal support to appellee: $42,000 for 1994; $36,000 for 1995; $30,000 for 1996; $24,000 for 1997; $18,000 for 1998; $12,000 for 1999; and $6,000 for 2000. The court also determined that appellee will earn interest and dividend income in the amounts of $49,000 in 1994; $54,000 in 1995; $60,000 in 1996; $66,000 in 1997; $72,000 in 1998; $78,000 in 1999; and $83,000 in 2000.

In awarding the spousal alimony, the trial court made the following findings and observations:

“The court finds that the standard of living of the parties in recent years has been luxurious, replete with substantial expensive gifts to each other, frequent entertainment and vacations.

“The court finds that the education of the parties is similar, and that neither contributed to the education of the other.

U % * *

“The court further finds that the assets of the parties, upon division, will be identical in amount, if not kind, and that said assets are substantial and of themselves create income for the parties.

“While this sum of spousal support is in excess of Mrs. Simoni’s claimed ‘basic needs’ in her pretrial statement, it does accurately reflect the income she was making when employed by Mr. Simoni, and will more accurately allow her to continue the lifestyle she enjoyed while married to Mr. Simoni. It should also provide that when her total assets invested are capable of fully supplying her needs, that spousal support should terminate.”

II

Appellant files the following errors for review:

“1. The trial court’s finding that the parties’ Antenuptial Agreement was rescinded ‘sometime during the 1970s’ is against the manifest weight of the evidence.

“2. The trial court’s award of alimony to Mrs. Simoni constituted an abuse of discretion because:

*633

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Bluebook (online)
657 N.E.2d 800, 102 Ohio App. 3d 628, 1995 Ohio App. LEXIS 1084, Counsel Stack Legal Research, https://law.counselstack.com/opinion/simoni-v-simoni-ohioctapp-1995.