Richarz v. Richarz

The Supreme Court affirmed the judgment of the circuit court in this divorce case awarding Husband his interest in an LLC, requiring Husband to pay twenty-five percent of Wife’s student-loan debt, and ordering Husband to make a cash-equalization payment.Husband appealed the judgment, arguing that the circuit court erred in its division of the marital property. The Supreme Court held that the circuit court (1) did not err in valuing Husband’s interest in an LLC; (2) did not abuse its discretion in awarding Wife one-half the value of the marital assets; and (3) did not abuse its discretion in making Husband responsible for twenty-five percent of Wife’s student-loan debt. View "Richarz v. Richarz" on Justia Law