In re Francis, 442 NW2d 59 Iowa 1989 - PowerPoint PPT Presentation

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In re Francis, 442 NW2d 59 Iowa 1989

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Wife had master's degree in early childhood dev. ... Wife worked as home day care provider, now wants to ... Wife got physical care of children (ages 12, 10, and 6) ... – PowerPoint PPT presentation

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Title: In re Francis, 442 NW2d 59 Iowa 1989


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In re Francis, 442 NW2d 59 (Iowa 1989) Parties
married after 1 ½ years of living together Two
children Wife had masters degree in early
childhood dev. Husband had B.S. and one year of
graduate study. After marriage, husband completed
medical school and Two of the three years of
residency required for Family Practice
specialty Wife worked as home day care provider,
now wants to obtain certification as Montessori
instructor.
4
Calculation of reimbursement alimony Value with
medical degree- value with college degree,
reduced to present value. (1,615,735-807,206
808,529). Capital/labor ratio of 30/70, so
242,559 attributable to capital contributions.
Dianas contribution is 64,095 (homemaker
services at 6.70 per hour for 6 years) plus day
care earnings (both in present value), which is
half of total capital, so she gets 121,279.
5
Calculation of Capital Contributions
6
In re Marriage of ORourke, 547 N.W.2d 864 (Iowa
Ct. App. 1996) Twenty-seven year
marriage Husband (47) employed by corporations
owned with brother, and takes home 4000 a month
plus 200,000 yearly bonus. Wife (45) is realtor,
working for agency at 35,533 yearly. Two grown
children (both in college). Net worth of couple
1.3 million. Wife got half. Husband got bonus
of 200,000 in 1994, after couple Separated in
September of 1992. Should this be divided as
property? Should wife get alimony? Does wife
have share of corporations?
7
In re Marriage of Mouw, 561 N.W. 2d 100 (Iowa Ct.
App. 1997) Loren and Dawn married 1980, when he
was 19 and a Carpenter she 18 and high school
graduate Three children Loren neurosurgeon (net
of 250,000) Dawn completed bachelors degree,
working toward doctorate in computer science
(will earn 150,000) Negative net worth of
100,000 Wife got physical care of children (ages
12, 10, and 6) Wife given family residence
(equity 40,000) Husband given debts of
150,000. Calculation (under Francis) of 310,064
or 3442/mo for 10 years.Is this equitable when
wife getting 2550/mo. child support?
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