Graham v. Graham, 1457
Decision Date | 17 January 1990 |
Docket Number | No. 1457,1457 |
Citation | 390 S.E.2d 469,301 S.C. 128 |
Parties | Robert M. GRAHAM, Appellant, v. Joyce A. GRAHAM, Respondent. . Heard |
Court | South Carolina Court of Appeals |
Robert M. Rosenfeld, Greenville, for appellant.
William J. Barnes, Greenville, for respondent.
The family court granted a divorce to the appellant Robert M. Graham from the respondent Joyce A. Graham on the ground of one-year's separation. The issues on appeal are: (1) whether the family court erred in requiring Mr. Graham to pay the college expenses of the parties' nineteen-year-old son; (2) whether the family court properly determined the present liquidated value of Mr. Graham's Individual Retirement Account ("IRA") in apportioning the marital property; (3) whether the family court erred in awarding attorney fees to Mrs. Graham; and (4) whether the family court erred in sealing the record of the proceedings. We affirm in part, reverse in part, and remand.
Mr. Graham first complains about the family court's order requiring him to provide support for his son while his son attends college. See S.C.CODE ANN. § 20-7-420(17) (1976) ( ); Risinger v. Risinger, 273 S.C. 36, 253 S.E.2d 652 (1979) ( ).
The family court ordered Mr. Graham "to pay the college expenses of his son at the College of Charleston." It later, however, expressly "superseded" its order, finding that the record contained "no testimony or evidence" supporting its conclusion that Mr. Graham should pay the college expenses of his son.
Because the order of supersedeas contains language suggesting that the family court both suspended and reversed the order requiring Mr. Graham to pay his son's college expenses, it is unclear to us whether the family court suspended the efficacy of its order or reversed it. See 4A C.J.S. Appeal & Error § 662 at 494-95 (1957) (); Id. at 497 (); 83 C.J.S. Supersedeas § 8 at 896 (1953) ( ). We therefore remand the issue to the family court for clarification. See 5B C.J.S. Appeal & Error § 1836a at 233 (1958) (); Id. § 1836g at 239 ().
On remand, the family court should detail its reasons for either granting Mr. Graham's son or withholding from him post-majority educational support and, in the event it orders such support, the family court should clearly delineate Mr. Graham's support responsibilities regarding his son's college education. See Risinger v. Risinger, supra; McKinney v. McKinney, 282 S.C. 96, 316 S.E.2d 728 (Ct.App.1984) ( ); cf. Atkinson v. Atkinson, 279 S.C. 454, 309 S.E.2d 14 (Ct.App.1983) ( ).
Mr. Graham next complains about the method used by the family court to determine the present liquidated value of an IRA awarded him on distribution of the marital property.
The family court identified as marital property an IRA maintained by Mr. Graham with Merrill Lynch. The IRA, according to Mr. Graham's expert, a certified public accountant, had a face value of $70,724. The expert testified that a 10 per cent penalty of $7,072 would be imposed for a withdrawal of all funds held in the IRA before Mr. Graham reached the age of 59 1/2 years and that federal and state income taxes of $27,125 would also have to be paid in the event all funds were withdrawn and the account liquidated.
In dividing the marital property, the family court intended to effect an equal division between the parties and it assumed that the IRA in question would be fully liquidated upon apportionment of the marital property.
The family court determined the IRA's present liquidated value by deducting from its face value only the amount representing...
To continue reading
Request your trial- Proctor v. Dept. of Health
-
Wooten v. Wooten
...is an abuse of discretion for the court to consider the tax consequences from a supposed sale or liquidation. See Graham v. Graham, 301 S.C. 128, 390 S.E.2d 469 (Ct.App.1990); see also Roe v. Roe, 311 S.C. 471, 429 S.E.2d 830 (Ct.App.1993). Moreover, a transfer of these funds from one party......
-
Wooten v. Wooten
...is an abuse of discretion for the court to consider the tax consequences from a supposed sale or liquidation. See Graham v. Graham, 301 S.C. 128, 390 S.E.2d 469 (Ct.App.1990); see also Roe v. Roe, 311 S.C. 471, 429 S.E.2d 830 (Ct.App.1993). Moreover, a transfer of these funds from one party......
-
Wooten v. Wooten
...561 S.E.2d 610, 617 (Ct.App.2002); Ellerbe v. Ellerbe, 323 S.C. 283, 289, 473 S.E.2d 881, 884 (Ct.App.1996); Graham v. Graham, 301 S.C. 128, 131, 390 S.E.2d 469, 471 (Ct.App.1990). Husband relies in part on law relating to the award of exclusive use and possession of the marital home for a ......