Christy L. Griffith v. Glen H. Griffith

This divorce case involves issues of property classification, valuation, and division. The parties were married for fifteen years, with one child born of the marriage. At the time the parties married, the husband owned an interest in his family's motorcycle dealership. The husband inherited remaining interests in that dealership from his parents during the marriage. At trial, the court found that the dealership was a separately owned asset that became marital property by reason of transmutation. The trial court also made determinations regarding the value of the dealership and the real property upon which it operates. Following these determinations, the trial court rendered what it considered to be an equitable division of the parties' marital assets. Husband has appealed. Because we determine the trial court's classification and valuation of the dealership to be in error, as well as the valuation of the business-related real property, we further determine the overall distribution of marital assets to be in error. We vacate the trial court's judgment with regard to those issues and remand for further proceedings. The balance of the trial court's judgment is affirmed.