Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Kathryn McMANUS, Plaintiff-Respondent, v. Daniel McMANUS, Defendant-Appellant.
Judgment, Supreme Court, New York County (Marjory Fields, J.), entered August 14, 2001, inter alia, distributing marital property and awarding plaintiff maintenance, unanimously affirmed, with costs.
Defendant is not entitled to a credit for the family business he inherited, or for any appreciation in the value of that business due to passive market forces between his inheritance and sale thereof, because, as the trial court found, he so commingled marital funds with the proceeds of the sale as to cause the proceeds to lose any separate character they may have originally had (see Pullman v. Pullman, 176 A.D.2d 113, 114, 573 N.Y.S.2d 690; Karounos v. Karounos, 206 A.D.2d 407, 410, 614 N.Y.S.2d 535; Judson v. Judson, 255 A.D.2d 656, 657-658, 679 N.Y.S.2d 465). In view of the foregoing, we need not review the trial court's findings that neither the business nor its appreciation were ever defendant's separate property. Nor is there reason to disturb the trial court's findings, largely based on witness credibility, pertaining to defendant's financial circumstances, and the maintenance award based thereon. We have considered and rejected defendant's other arguments, including that the parties' country house should have been sold rather than awarded to plaintiff with a cash credit to defendant for his share (see Schupak v. Schupak, 288 A.D.2d 91, 92, 732 N.Y.S.2d 858).
Thank you for your feedback!
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes visit FindLaw's Learn About the Law.
Decided: October 10, 2002
Court: Supreme Court, Appellate Division, First Department, New York.
Search our directory by legal issue
Enter information in one or both fields (Required)
Harness the power of our directory with your own profile. Select the button below to sign up.
Learn more about FindLaw’s newsletters, including our terms of use and privacy policy.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)