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You Are Here: Classification of Assets
        Restricted61. Divorce Source: COVENANT NOT TO COMPETE
(�1998) Payments to the husband pursuant to a noncompetition agreement were his separate property because they represented payment for his premarital property. ...
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        Restricted62. Divorce Source: CLASSIFICATION OF ENGAGEMENT RING
(�1998) An engagement ring given to a man or a woman before marriage is the donees nonmarital property upon dissolution of that marriage ...
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        Restricted63. Divorce Source: CLASSIFICATION OF FELA SETTLEMENT
(�1998) The Missouri Court of Appeals upheld the classification of the settlement as marital property. The FELA statutes, 51 U.S.C. 51 et seq., do not provide for exemption of FELA awards from the operation ...
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        Restricted64. Divorce Source: CLASSIFICATION OF RETAINED EARNINGS
(�1998) In the parties property division proceedings, the trial court included the retained earnings fund as a marital asset. The wife appealed, contending that the inclusion of the retained earnings in the ...
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        Restricted65. Divorce Source: PERSONAL INJURY AWARD - CLASSIFICATION
(�1998) Like a majority of dual classification states, Florida follows the analytical approach for determining the classification of a personal injury award. This case applied the analytical approach in the ...
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        Restricted66. Divorce Source: SEVERANCE PAY - CLASSIFICATION
(�1998) The Virginia Court of Appeals addressed the difficult question of how to classify severance pay as a matter of first impression in Luczkovich v. Luczkovich. Citing numerous cases from other states ...
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        Restricted67. Divorce Source: CLASSIFICATION AND TAX LIABILITY OF INVESTMENTS
(�1997) The husbands inherited funds were transformed to marital property when he placed them in a mutual fund account and stock shares in the parties names as joint tenants. ...
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        Restricted68. Divorce Source: CLASSIFICATION AND DISTRIBUTION OF STOCK IN FAMILY FARM
(�1997) This case recognizes that a gift of an interest in a family business may not be a gift at all but, instead, in some circumstances may constitute compensation for spousal labor. ...
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        Restricted69. Divorce Source: CLASSIFICATION OF JOINTLY TITLED PROPERTY
(�1997) In this important decision, Maines high court overruled a line of cases holding that in some circumstances jointly owned real property may be partly nonmarital. The court adopted the unique and simple ...
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        Restricted70. Divorce Source: CLASSIFICATION OF DEBT DUE TO SPOUSE'S DENTAL WORK
(�1997) The husband did not meet his burden of showing that a debt for his dental work was for the joint benefit of the parties so as to justify classifying it as a marital debt ...
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