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MARITAL PROPERTY - Equalization or division - Exempt acquisitions and deductions - Award or settlement of damages

Monday, April 17, 2017 @ 9:51 AM  

Appeal by the wife from characterization of litigation settlement proceeds as property rather than income. The parties married in 1995 and separated in 2011. The wife worked as an office assistant and the husband worked as a millwright. In 1996, the wife suffered significant physical injuries when she was struck by a grocer palette while shopping. The wife sued the supermarket. The action included a claim by the husband for loss of care, guidance and companionship. A 1999 settlement resulted in payment of $571,383 to the...