Granger v. Granger

SHIELDS, Judge.

Suzann S. Granger appeals the trial court's judgment dividing the marital estate of her marriage to Fred L. Granger.

We reverse.

ISSUE

Whether the trial court erred in deducting a possible tax liability arising from the sale of marital assets when determining the net value of the marital estate.

FACTS

After filing a petition for dissolution, Fred listed two laundromats he owned for sale. The marital assets, including the laundromats, were valued at $840,298.52; 1 the parties' liabilities totalled $99,407.67. The trial court determined the anticipated tax liability from the sale of…