Wayne F. Moore v. Ruth Doris Moore

Court of Appeals of Virginia·Decided March 1, 2011·No. 0117104·Unpublished

Opinion

COURT OF APPEALS OF VIRGINIA

Present: Judges Powell, Alston and Senior Judge Annunziata Argued at Alexandria, Virginia

WAYNE F. MOORE MEMORANDUM OPINION * BY

v. Record No. 0117-10-4 JUDGE ROSSIE D. ALSTON, JR.

MARCH 1, 2011

RUTH DORIS MOORE

FROM THE CIRCUIT COURT OF PRINCE WILLIAM COUNTY Mary Grace O’Brien, Judge

Christopher Malinowski (Dennis M. Hottell; Donna M. Dougherty;

Cynthia M. Radomsky; Alyssa D. Emery; Hottell Malinowski Group, P.C., on brief), for appellant.

Barbara Murphy Stough (Knight & Stough, LLP, on brief), appellee.

Wayne F. Moore (husband) appeals the trial court’s equitable distribution award, granted in a final decree of divorce, on the following grounds: 1) the trial court erred in ordering husband to name Ruth Doris Moore (wife) as a beneficiary of his life insurance policy; 2) the trial court erred in ordering monetary awards exceeding the value of the marital assets as of the trial date where a motion for alternative valuation date was not timely filed; 3) the trial court erred in classifying husband’s Ameriprise account as marital property; and 4) in the alternative, if the Ameriprise account was properly classified as marital property, the trial court erred in dividing the marital estate without properly considering the statutory factors set forth in Code § 20-107.3(E). For the reasons that follow, we affirm in part and reverse in part the decision of the trial court.

*

Pursuant to Code § 17.1-413, this opinion is not designated for publication.

Background 1

A. Marriage and Separation “On appeal, we construe the evidence in the light most favorable to wife, the prevailing party below, granting to her all reasonable inferences fairly deducible therefrom.” Donnell v. Donnell, 20 Va. App. 37, 39, 455 S.E.2d 256, 257 (1995). So viewed, the evidence indicated that the parties married on August 1, 1998, in the Seychelles Islands, where wife resided at the time. Subsequently, husband and wife had two children. During the marriage, wife primarily remained at home as the children’s caregiver, although she temporarily held jobs as a bus monitor and a commissary bagger. Husband, who was employed by the United States Navy, handled the parties’ finances during their marriage. During their marriage, the parties maintained several financial accounts, discussed below.

The parties separated in May 2008. Wife filed a complaint for divorce on April 29, 2009.

The final decree of divorce was issued on December 21, 2009.

B. Ameriprise Account

In 2005, while the parties were married, husband deposited $200,000 into an investment account with Ameriprise.

In May 2008, the same month the parties separated, husband deposited $69,374 into the Ameriprise account. On May 30, 2008, husband withdrew $69,000 from the Ameriprise account. Husband used this money to purchase a house.

1 As the parties are fully conversant with the record in this case and because this memorandum opinion carries no precedential value, this opinion recites only those facts and incidents of the proceedings as are necessary to the parties’ understanding of the disposition of this appeal.

On September 30, 2009, husband withdrew $77,316.67 from the Ameriprise account, leaving $37,402 remaining in the account. At the time of trial, husband retained the $77,316.67 in his possession.

At trial, wife submitted bank statements showing the Ameriprise account balances in March 2008, May 2008, January 2009 through March 2009, April 2009 through June 30, 2009, and July 2009 through September 2009. The statements showed multiple deposits and withdrawals made by husband, as well as the account’s value of $37,402 at the end of September 2009. Wife’s name was not listed on the Ameriprise account; however, wife testified that she was aware that husband made deposits into the account during their marriage. Husband testified that the Ameriprise account was funded exclusively with money saved by husband before the parties were married.

C. Navy Federal Credit Union Account During their marriage, the parties also maintained an account with the Navy Federal Credit Union (NFCU). The parties agree that the NFCU account is a marital asset. At trial, wife introduced into evidence bank statements showing a balance of $58,205.37 in the NFCU account as of September 30, 2009.

D. Life Insurance Policy

At trial, husband testified that he had a life insurance policy through the military worth $400,000 and that wife was a one-fourth beneficiary on this policy. In addition, husband testified as follows concerning the life insurance policy:

Q: In lieu of the [Survivor Benefit Plan (SBP)], would you be willing to designate a part of that life insurance policy to your wife in lieu of the expense that she would incur or that you might incur, if the Judge orders you to carry it, for the SBP?

A: As I said, with the SBP, once we got divorced, she can’t carry it. It automatically drops. So, she would have to pay for it.

Later, husband again testified regarding the life insurance policy.

Q: Who currently is the beneficiary on that policy?

A: My wife.

Q: You can’t remove her name without her signature, can you?

A: That’s not true. That’s mine. I can do anything I want with it.

Q: After you’re divorced. You can’t do anything with it –

A: No. I don’t want to remove her name but I’m saying her name is on there. My kids are on there and I have four people on there ....

E. Other Marital Assets

In addition to the bank accounts and life insurance policy, the parties owned a Dodge Caravan. The parties’ children had bank accounts of no value as of the trial date. 2 F. Trial Court’s Order

On November 13, 2009, wife filed a motion, pursuant to Code § 20-107.3, requesting an alternate valuation date, instead of the date of trial, for the determination of the value of the Ameriprise and NFCU accounts. The trial court denied wife’s motion on the basis that it was not filed within 21 days before the evidentiary hearing, as required by Code § 20-107.3. 3 After the evidentiary hearing, the trial court found that both the Ameriprise and NFCU accounts were marital assets. In its oral ruling, the trial court stated, “I am going to decline to use an alternate evaluation date on the accounts with the exception that I am going to find that both the $77,000, which was taken out in the fall for living expenses, and the $69,000, which was taken out of [the Ameriprise account], is marital property so that [wife] would be entitled to

2 Because husband’s questions presented do not address the award of the Dodge Caravan to wife, we decline to address this issue on appeal.

3 Wife does not challenge the trial court’s denial of this motion on appeal.

half of that in the monetary award which would be, I think $38,500 and $34,500.” The trial court determined that the NFCU account should be valued as of the date of trial, and ordered a monetary award of $29,404.69 to wife based on the valuation of that account.

On December 18, 2009, a contested hearing for the entry of a final decree of divorce was held. Husband noted his exceptions, both orally and in writing, to the final decree of divorce proposed by the trial court. Based on the trial court’s earlier statement that it declined to use an alternate valuation date, “with the exception” that it found the $77,000 and $69,000 taken out of the Ameriprise account to be marital property, husband objected that the trial court had in fact used an alternate valuation date with regard to those monies. The trial court overruled husband’s objection, stating, “I declined to use an alternate valuation date. And when I awarded [wife] half of the [$]77,316 and half of the [$]69,000, that was not under a theory of using an alternate valuation date.”

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