Konz v. Konz

We reverse the final judgment of dissolution in part and remand to the circuit court for recalculation of the equitable distribution.

The parties were married on November 17, 2001. At the time of the marriage, the husband owned a home which he said had a fair market value of $380,000, with a $25,000 mortgage. During the marriage, the couple demolished the home and paid off the mortgage. They built a new home on the same lot. There was no evidence *846that the husband used nonmarital assets to construct the new home and pay off the mortgage. The circuit court accepted the husband’s testimony that…