Daily Archives February 3, 2021

EQUITABLE DISTRIBUTION OF PROPERTY | MUST BE EQUITABLY ASSESSED

The Court of Appeals in Murphy v. Murphy, defined what constitutes an equitable distributing of property that is changing in value. The appellant had argued that the trial court had not property and timely assessed the value of the martial home before issuing a distribution order and during a divorce proceeding, namely that: A steep decline in value of the marital property before the court’s order of disposition prevented the distribution from being “equitable, just, and reasonable” as required by statute, The trial court erred in making its property distribution by failing to credit appellant for his mortgage payments, and
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