Holman v. Holman
Missouri Court of Appeals
228 S.W.3d 628 (Mo. Ct. App. 2007)
William Holman and LaVonne Holman divorced. During the divorce proceeding, a farmhouse and a commercial building that the couple owned were at issue. William owned the farmhouse at the time of the Holmans’ marriage when it was valued at $54,640. The Holmans jointly spent $90,000 remodeling the farmhouse. At the time of trial, the farmhouse was valued at $185,000. William acquired the commercial land as nonmarital property from his father. The land was valued at $30,000 at the time William acquired it. The Holmans jointly spent $75,000 to build a commercial building on the land. At the time of trial, the commercial building and land were valued at $127,000. In distributing these properties, the trial court subtracted William’s initial nonmarital contributions to the properties and divided the increases in value evenly between William and LaVonne. For example, the trial court subtracted William’s initial nonmarital interest in the farmhouse ($54,640) from the value of the farmhouse at trial ($185,000) and divided the remainder ($130,360) evenly between William and LaVonne. The trial court distributed the commercial building in a similar fashion. William appealed.
Rule of Law
Holding and Reasoning (Per curiam)
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