Charlotte Scott Forbess v. Michael E. Forbess

This case involves the valuation of assets for division of marital property and alimony. Wife filed for divorce, seeking an equitable division of the marital assets, including Husband’s one-half interest in a real estate partnership. At trial, each party introduced experts to testify as to the value of Husband’s interest in the partnership. The trial court valued the partnership at a fair market value that was between the values testified to by the experts. The court awarded Wife one-half of the value, awarded Wife one-half of a note that was based on property Husband owned prior to the marriage, and awarded Wife alimony. After a motion to alter or amend, the trial court reduced Wife’s interest in the partnership and the note to take into account Husband’s tax liability. Wife appeals, arguing that the trial court erred in valuing the partnership and in its alimony award. Affirmed.