Marriage Of Geraci

144 Cal.App.4th 1278 (2006)

Free access to 20,000 Casebriefs

Legal Analysis

Legal analysis from Dean's Law Dictionary will be displayed here.

Nature Of The Case

This section contains the nature of the case and procedural background.

Facts

H and W started living together in 1980. They lived in a house in Manhattan Beach H had acquired in a former marriage in 1973 for $43,000. In 1980, H razed the structure and built an entirely new 3,100-square-foot house in its place. H and W married on June 18, 1983. They separated in October 2000 after a 17-year marriage. They had no children. In July 2001 W filed a petition for dissolution of marriage. W worked as a commercial/residential property real estate sales agent, earning as much as $150,000 a year in commissions. W then took a corporate position at Standard Brands to handle their real estate matters. Her average salary was $75,000 a year and worked until the company was liquidated in bankruptcy in 1997. W then worked for a commercial real estate company for several months. W became depressed and stopped working entirely. W worked as a sometime retail sales clerk. H wrote screenplays. H was ultimately unsuccessful. In 1995 H acquired a real estate agent license. H earned over $590,000, less commissions to South Bay Brokers, between January 2001 and September 2004, i.e., after separation and through the trial. H and W routinely lived beyond their means. They incurred between $2,500 and $4,000 per month in credit card debt. They borrowed money from a friend, from H's father and against a pension plan H set up when he was writing screenplays. They used the house as an ATM machine. The house sold for $974,000 and netted sale proceeds of $354,000. The parties split the proceeds with approximately $159,000 going to W and H retaining the balance of approximately $194,000. H presented expert testimony that the house had a fair market value of approximately $400,000 in 1983 when H and W married. H claimed he was entitled to reimbursement of this separate property interest in the house from its sales proceeds. The court ruled that H failed to prove his reimbursement claim. H appealed.

Issues

The legal issues presented in this case will be displayed here.

Holding & Decision

The court's holding and decision will be displayed here.

© 2007-2025 ABN Study Partner

© 2025 Casebriefsco.com. All Rights Reserved.