Grace v. Grace

DAVID Newbern, Justice.

This is a divorce case. The only issues on appeal concern division of the marital property. The property included major assets, such as the marital home, which was awarded to Pamela Grace, and an insurance “book of business,” which was awarded to Theodore Grace. As we understand it, the “book of business” of an insurance agent consists of his right to residual payments from insurance policies sold and from prospective renewals. The Chancellor also adjusted the division of property between the parties by assigning to Mr. Grace a debt the Chancellor termed “unenforceable”…