Carr v. Carr, 8822DC107
Decision Date | 20 December 1988 |
Docket Number | No. 8822DC107,8822DC107 |
Citation | 92 N.C.App. 378,374 S.E.2d 426 |
Parties | Jim F. CARR v. Ora S. CARR. |
Court | North Carolina Court of Appeals |
DeLaney & Sellers by Timothy G. Sellers, Charlotte, for plaintiff-appellant.
No brief filed for defendant-appellee.
The equitable distribution judgment appealed from is incomplete and erroneous in several respects. To enter a proper equitable distribution judgment the trial court must classify all property owned by the parties or either of them as either marital or separate; must determine the net market value of the marital property as of the separation date; must determine what division of the marital property is equitable; and must distribute the property to the parties accordingly. Cable v. Cable, 76 N.C.App. 134, 331 S.E.2d 765, disc. rev. denied, 315 N.C. 182, 337 S.E.2d 856 (1985); Little v. Little, 74 N.C.App. 12, 327 S.E.2d 283 (1985). And in doing all these things the court must be specific and detailed enough to enable a reviewing court to determine what was done and its correctness. Wade v. Wade, 72 N.C.App. 372, 325 S.E.2d 260, disc. rev. denied, 313 N.C. 612, 330 S.E.2d 616 (1985).
The failings of this judgment include the following:
(1) Instead of identifying, classifying, valuing and distributing the various bank accounts and articles of household property that the parties were found to have acquired during the marriage, the judgment left everything relating to these properties open for an indefinite period in the hope that the parties, who have agreed about very little in recent years, will evaluate and divide them. This is the antithesis of a distribution and it rendered interlocutory what purports to be and should be a final judgment. It also prevents us from knowing what properties the parties will receive, much less their value, and made meaningless the statement that the distribution is equitable. Though agreements are to be welcomed by the courts, "agreements" that have not and may never be made have no place in a purportedly final equitable distribution.
(2) No findings were made as to the net value of the total marital estate, or the properties distributed to each party, or of the three tracts of maritally owned real estate. That the court did find what the fair market values of the three tracts were is not sufficient since these values were not reduced by their encumbrances which include at least past due taxes according to the evidence. Be that as it may, fair market value, though a necessary preliminary finding in these cases, is not the same as net value and G.S. 50-20(c) requires that net value be determined.
(3) Though the distribution undertaken is unequal (according to our calculations, an unnecessarily laborious...
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