McDonald v. McDonald

Tom Glaze, Judge.

The issue in this divorce case involves the settlement proceeds resulting from the appellee’s injury when he was employed by Kansas City Southern Railway Company. Appellant and appellee were married at the time of appellee’s injury and settled their claim with appellee’s employer for $250,000.00. At the time of the divorce, $ 110,000.00 of the initial lump-sum payment was in a certificate of deposit in the names of “Mr. or Mrs. Joe McDonald, Sr.,” and two additional separate installments of $50,000.00 each were to be subsequently paid.

The chancellor found that the certificate…