Catherine A. Hoback v. Glenn D. Hoback

The issues on appeal in this divorce action are: (1) Whether the trial court erred in awarding alimony in futuro; (2) Whether the trial court was in error in finding wife's IRA of Wal-mart stock was her separate property in its entirety; (3) Whether the trial court erred in failing to make a downward deviation in child support. The trial court awarded to Ms. Hoback as alimony in futuro $500 per month for a ten (10) year period terminating on her death or her remarriage. Wal-mart stock of value of approximately $35,000 was awarded to Ms. Hoback as her separate property. Child support was set at $750 per month upon a finding of ability of the father to earn $60,000 per year, and based upon additional parenting time above 80 days per year granted to the father the Court reduced the month of June child support to $550 and reduced the month of July support to $375 making a downward deviation of $47.92 per month. For reasons stated below, the trial court is affirmed.