In re the Marriage of Freeing v. Freeing

OPINION

PETERSON, Judge.

Appellant challenges the trial court’s valuation of marital and nonmarital property and its child support calculation. On cross-appeal, respondent challenges the trial court’s allocation of marital debt.

FACTS

During the marriage appellant’s parents gave him a one-half interest in the Brewster farm. This interest was valued at $119,250.00, subject to a $76,650.00 mortgage held by Federal Land Bank. The parties later gave Heron Lake State Bank a second mortgage on the Brewster farm to secure a $115,000.00 line of credit.

In 1987, appellant inherited a one-half interest in…