Walters v. Walters

WINTERSHEIMER, Justice.

This appeal is from a decision of the Court of Appeals which affirmed in part and reversed in part a final judgment which divided the parties’ marital assets.

The issues are whether a judgment awarded to a corporation solely owned by one spouse who treated part of the award as income is marital property and whether the increase in value during the marriage of a life estate interest in real estate is marital property.

The parties were married in 1973 and divorced in 1982 in a decree which reserved the disposition of property. That decree was entered in August of 1986. The…