Plaintiff and defendant were married for the last four years of their fifteen year relationship, which ended in a divorce in 1996. In issuing a final decree of divorce, the court distributed all marital assets of the parties, including a stock portfolio which defendant had obtained through a family inheritance, and all debts. Prior to distribution, defendant cashed a substantial portion of the stocks in the portfolio in violation of a court order freezing all assets.
Defendant first argues that the court committed error in awarding an unfair proportion of the marital assets to plaintiff. He contends that the trial court erred' in considering the entire length of the relationship for distribution purposes and in considering his inherited stock portfolio as a marital asset to be distributed.
15 VS.A. § 751 governs the distribution of property in a divorce, setting out twelve factors the court “may consider,” and requires the court to “equitably divide and assign the property.” See Semprebon v. Semprebon,
While 15 VS.A. § 751(b) authorizes the court to consider, among other factors, the length of the marriage, and the origin of the stock portfolio, neither of these considerations is dispositive. See Kingsbury v. Kingsbury,
Nor was it error to consider defendant’s inherited stock portfolio as a marital asset to be distributed between the parties. All property owned by either or both of the parties, regardless of how or when acquired, is subject to the jurisdiction of the court. 15 VS.A. § 751(a). Further, the court could continue to consider the stock portfolio to be a marital asset to be distributed even though defendant had transferred the stock in violation of the court’s order. See Clayton v. Clayton,
Defendant also claims that it was error for the court to charge him with the tax consequences of liquidating the stocks. Defendant overlooks the fact that had he not chosen to cash in the stocks, in violation of the court order, no tax liability would have ensued. Again, the court’s action was within its discretion.
Defendant also asserts that the trial court erred in its calculátion of the equity of the marital premises. He points to a home equity loan that plaintiff incurred which he claims should not be considered in valuing the equity in the home and further argues that the home furnishings were undervalued.
Regarding the valuation of the home furnishings, the court used the figure plaintiff provided in her affidavit of income and assets rather than defendant’s unsubstantiated estimate of the property’s value. Where no outside experts are used, the court must rely on the testimony of the parties who own the property, and the court is fully within its discretion to choose one of the parties’ estimates over the other. Wood v. Wood,
We also note, with respect to defendant’s maintenance claim, the broad discretion of the trial court. See Clapp v. Clapp,
Finally, defendant argues that the divorce order is the result of gender bias, and, as a result, denies him equal protection of the law. Since we conclude that the order was well within the court’s discretion, and see no evidence of gender bias, we reject defendant’s claim without reaching whether its theory of a constitutional violation is valid. See In re Wildlife Wonderland, Inc.,
Affirmed.
