William Moncrief Wood, Jr Former Husband v. Peggy Hodge Wood, Former Wife

The final judgment modifying the final judgment of dissolution is challenged on appeal by the former husband’s direct appeal and the former wife’s cross-appeal. We reverse portions of the modification judgment as explained below, but otherwise affirm.

The parties’ eleven-year marriage was dissolved by final judgment entered June 22, 2010. At the time the final judgment was entered, both parties were employed by William K. Wood Co., a business solely owned by former husband and inherited from his father. The former wife’s annual salary was approximately $50,000.00. The final judgment…