01-1064 In re the Marriage of: Richmond v. Richmond

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“Theoretically, years of efforts could lay the foundation for a later rapid appreciation of an asset.

For example, a couple could plan and prepare to turn the farm into a subdivision. Later, the years of planning could come to fruition when a market for the subdivision materializes. The property’s value would then likely appreciate rapidly, as hoped and anticipated. However, it is at least as likely that the contributions of both spouses may have only contributed to the value of the farm as of the time it was gifted to the donee (1995, in this case). This does not necessarily demonstrate that the marital efforts contributed to a later significant appreciation in value over a short period of time.

“Thus, we remand for the trial court to clarify whether efforts by Carol and Gary throughout the marriage were in fact a catalyst for the rapid appreciation of the farm’s value from 1995 to 1999, or whether the rapid increase in value was due to market forces.”

Reversed and remanded.

Dist III, Chippewa County, Sazama, J., Hoover, P.J.

Attorneys:

For Appellant: Not given

For Respondent: Not given