Holland v. Holland

NAHMIAS, Justice.

We granted John Holland’s application for discretionary appeal to review the trial court’s post-divorce order setting forth how the profits from the sale of the parties’ lake house should be calculated and distributed. We now affirm in part and reverse in part.

The parties were married in 2003, and the lake house was purchased in July 2004 for $350,000. The lake house was titled solely in Mary Holland’s name, and there was no outstanding loan against the house at the time of purchase. Mary took out a revolving line of credit for $150,000 in August 2004, with a maturity date of…