Aloi v. SimoniAloi v. Simoni
Cindy L. Aloi, Appellant-Respondent, v
“A trial court is vested with broad discretion in making an equitable distribution of marital property, and ‘unless it cаn be shown that the court improvidently exercised that discretion, its determination should not be disturbed’ ” (Schwartz v Schwartz, 67 AD3d 989, 990 [2009], quoting Saleh v Saleh, 40 AD3d 617, 617-618 [2007]; see Sebag v Sebag, 294 AD2d 560 [2002]; Oster v Goldberg, 226 AD2d 515 [1996]). Moreover, where the determination as to equitable distribution has been made after a nonjury trial, the trial court‘s assessment of the credibility of witnesses is afforded great weight on appeal (see Schwartz v Schwartz, 67 AD3d at 990; Jones-Bertrand v Bertrand, 59 AD3d 391 [2009]; Grasso v Grasso, 47 AD3d 762 [2008]). Here, except to the extеnt indicated below, we perceive no basis for disturbing the Supreme Court‘s determinations regarding the equitable distribution of the parties’ property.
The Supreme Court properly concluded that the plaintiff failed to meet her burden of proving by a preponderance of the evidence that the defendant wasted or dissiрated marital assets (see Spera v Spera, 71 AD3d 661 [2010]; Morton v Morton, 69 AD3d 693 [2010]; Raynor v Raynor, 68 AD3d 835, 838 [2009]). The evidence demonstrated that a decrease in the value of certain assets was attributable to market forces and, thus, was passive in nature, and not due to dissipation or wasteful conduct on the part of the defendant (see Morton v Morton, 69 AD3d 693 [2010]). Further, with respect to certain funds allegedly transferred by the defendant to his son shortly before the commencement date of the divorce action, the plaintiff offered no evidence to support the particular sum she claims was transferred, and the defendant‘s evidence established that certain funds borrowed by the son from a line of credit account held by a corpоration owned by the defendant were repaid.
The defendant asserts that because the Supreme Court оnly gave him a separate property credit in the sum of $1,883,728, which represented the amount of certain рersonal and business
The Supreme Court erred, however, in disregarding the parties’ stipulation that the appreciation in the value of the plaintiff‘s retirement account during the course of the marriage was the sum of $25,189. The plaintiff is entitled to 50% of the sum of the appreciation of the parties’ respective retirement accounts (50% of $450,115 + $25,189 = $237,652). In calculating the amount to be paid to the plaintiff, the defendant is entitled to a credit of the appreciation remaining in the plaintiff‘s account ($25,189). Accordingly, the amended judgment must be modified to direct the defendant to pay the plaintiff the sum of $212,463.
The Supreme Court also erred in failing to award interest on the plaintiff‘s distributive award from the date of the decision until the entry of the judgment (see
The Supreme Court improvidently exercised its discretion in denying thе plaintiff‘s application for an attorney‘s fee. “Pursuant to
The parties’ remaining contentions are without merit. Skelos, J.P., Eng, Hall and Lott, JJ., concur.