Raley v. Raley

McGRAW, Justice:

This appeal by Ethelyn Lou Raley from a final divorce decree in the Circuit Court of Marshall County raises the issue of whether distributions from an employee investment or thrift account are income, to be considered in determining the amount of alimony awarded, or, are marital property, subject to equitable distribution. Following a brief discussion of the circumstances presented in this case, we will address this issue.

Ethelyn and Ross Raley were married on September 1, 1948. Their union produced two offspring, both emancipated at the time of the appellant’s petition for…