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O'Neill v. O'Neill

600 S.W.2d 493 (1980)

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O'Neill v. O'Neill

Kentucky Court of Appeals

600 S.W.2d 493 (1980)

Facts

Richard O’Neill gave various expensive items of jewelry to his wife, Susan O’Neill. Later, Richard and Susan’s marriage was dissolved. The trial court held that the jewelry items were gifts and thus excluded from classification as marital property. However, testimony established that despite presenting the items to Susan as gifts, Richard had also expressed an intention to wait for the items to appreciate in value and then sell them for the mutual benefit of Richard and Susan. Richard appealed. The Kentucky Court of Appeals granted certiorari.

Rule of Law

Issue

Holding and Reasoning (Hogge, J.)

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