Bergmeier v. Bergmeier

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Jay Bergmeier filed a complaint for dissolution of marriage. Nanci Bergmeier filed a counter-complaint. The district court filed a decree of dissolution of marriage that (1) determined Jay’s future termination payments and extended termination payments that he was expected to receive after the dissolution as a “captive agent” of State Farm Insurance Company were marital property and awarded Nanci a portion thereof, (2) divided the parties’ liabilities and other assets, and (3) awarded Nanci alimony and attorney fees. The Supreme Court affirmed in part as modified and in part reversed, holding that the district court (1) did not err in determining that Jay’s termination payments and extended termination payments under his contract with State Farm were marital property; (2) erred in assigning a specific value to the termination payments and in awarding Nanci fifty percent of the termination payments and extended termination payments; and (3) did not abuse its discretion in its award of alimony. Remanded. View "Bergmeier v. Bergmeier" on Justia Law