Knutson v. Knutson

OPINION

EASTAUGH, Justice.

I. INTRODUCTION

When Randy and Lesley Knutson dissolved their marriage and divided their property in 1988, they agreed to postpone selling the marital residence until its market value rose. In 1997 Randy sought judicial authority to buy out Lesley’s share in the still-unsold house. The superior court found the parties’ agreement to be ambiguous; interpreting the agreement, it ordered Randy to pay Lesley $4,301.50 to buy out her equity interest. The superior court correctly found that the agreement required division of the parties’ equity, but it was error to implicitly…